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Archive for: February, 2011

Japan’s jobless rate unchanged at 4.9% in January

TOKYO: Japan’s unemployment rate stood at 4.9 per cent in January, unchanged from a month earlier in line with market forecasts, government data showed Tuesday. Channel NewsAsia Business News

Britain’s Tesco in China shopping mall venture

LONDON : Top British supermarket chain Tesco said Monday it is setting up a joint venture with Asian investors to develop shopping malls in China, the ultimate market for global retailers. Channel NewsAsia Business News

Hong Kong tycoon set to clinch British power business

LONDON: Hong Kong tycoon Li Ka-shing is set to clinch the acquisition of a power distribution business in a deal which would see him control half of Britain’s electricity network, the Sunday Times reported. Channel NewsAsia Business News

Spain’s tourism sector gets boost from Arab revolts

MADRID : Spain is getting a boost to its hugely important tourist industry as northern European sunseekers shun popular resorts in Egypt and Tunisia because of anti-government uprisings there. Channel NewsAsia Business News

Head of Indian state firm held in graft probe

NEW DELHI : The head of India’s state-run National Aluminium Co was in custody Saturday on bribery charges, after a court order, heaping fresh embarrassment on the scandal-tainted Congress government. Channel NewsAsia Business News

US stocks rally as Libya jitters ease

NEW YORK: Wall Street stocks piled up steady gains on Friday as Libya jitters eased and investors digested easing oil prices and weaker-than-expected data on US economic growth. Channel NewsAsia Business News

US dollar rebounds slightly against euro

NEW YORK: The US dollar regained ground against the euro on Friday after a week moving downward, as higher oil prices due to Libya’s political turmoil threatened to moderate growth prospects in Europe and the United States. Channel NewsAsia Business News

British bank Lloyds rebounds into annual pre-tax profits

LONDON: Britain’s state-rescued Lloyds Banking Group unveiled 2010 earnings of 2.2 billion pounds on Friday, delivering its first annual profit since the takeover of former rival HBOS in 2008. Channel NewsAsia Business News

Market shrugs off latest Toyota recall

TOKYO: Shares in Toyota rose more than two per cent on Friday as investors shrugged off the automaker’s latest recall of 2.3 million vehicles for a defect that could cause accelerator pedals to stick. Channel NewsAsia Business News

Japan’s January consumer prices fall 0.2% on-year

TOKYO: Japan’s core consumer price index fell 0.2 per cent from a year earlier in January, government data showed Friday. Channel NewsAsia Business News

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