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Archive for: March, 2011

Air France returns to Cambodia after 37 years

PHNOM PENH: An inaugural Air France flight landed in Cambodia on Thursday, marking the reopening of a route closed 37 years ago as bombs pounded the capital and the Khmer Rouge prepared to seize power. Channel NewsAsia Business News

Microsoft attacks Google with EU anti-trust complaint

BRUSSELS: Microsoft announced Thursday it has filed a “formal” anti-trust complaint against Google with the European Union, amid accusations the Internet king has rigged the search market for consumers. Channel NewsAsia Business News

S. Korea output grows for 20th month

SEOUL: South Korea’s industrial output for February grew for the 20th straight month on an annualised basis in a sign of continued economic expansion, official figures showed Thursday. Channel NewsAsia Business News

Britain enacts new bribery law

LONDON : Britain said on Wednesday that a new bribery law would be implemented in July, offering new guidelines to calm business concerns and an assurance that it would not apply to foreign firms listed in London. Channel NewsAsia Business News

TEPCO chief warded; shares tumble

OSAKA: Shares in Tokyo Electric Power tumbled again on Wednesday as the company at the centre of the worst nuclear crisis since Chernobyl in 1986 said its under-fire president had been hospitalised. Channel NewsAsia Business News

Qantas slashes staff, flights over fuel price, disasters

SYDNEY – Australian flag carrier Qantas on Wednesday said it would slash capacity and staff due to a series of natural disasters and rising fuel costs. Channel NewsAsia Business News

US giant GE buys French group Converteam

PARIS : US giant conglomerate GE said Tuesday it was acquiring French group Converteam, which specialises in electrification and automation equipment, for $ 3.2 billion (2.27 billion euros). Channel NewsAsia Business News

British economy shrinks 0.5% in Q4

LONDON : Britain’s economy shrank 0.5 percent in the fourth quarter of 2010 compared with the third quarter, a slight improvement on the previous official estimate, data revealed on Tuesday. Channel NewsAsia Business News

American Express makes digital wallets

SAN FRANCISCO : American Express on Monday launched an online financial transactions service that it claims goes beyond what others provide in a market dominated by PayPal. Channel NewsAsia Business News

TEPCO shares plunge nearly 18% in Tokyo

TOKYO – Shares in Tokyo Electric Power Co. plunged 17.73 percent on Monday amid criticism over its handling of a deepening crisis at its stricken Fukushima Daiichi nuclear plant. Channel NewsAsia Business News

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