BANGKOK – A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble. Channel NewsAsia Business News
LONDON: Global banking giant HSBC will announce next week plans to axe between 10,000 and 15,000 jobs in the coming year as part of a drastic cost-cutting drive, a report said Saturday. Channel NewsAsia Business News
BEIJING : Chinese banks could withstand a worst case scenario of a 50 per cent drop in home prices, according to stress tests conducted by regulators, a state media report claimed. Channel NewsAsia Business News
WASHINGTON: The Democratic-led US Senate late Friday voted to set aside a House-passed Republican bill to avert a potential ruinous debt default, setting the stage for weekend talks on forging a compromise plan. Channel NewsAsia Business News
WASHINGTON: President Barack Obama on Friday warned the US was almost of time to agree a debt ceiling deal as Republicans and Democrats scrambled to find a way out of an impasse and avoid a disastrous default. Channel NewsAsia Business News
PARIS : French oil giant Total said Friday its profits slid by 12 percent in the second quarter of 2011 to two billion euros ($ 2.9 billion) but maintained its positive outlook for the second half of 2011. Channel NewsAsia Business News
TOKYO : Japan’s core consumer prices rose 0.4 per cent in June from a year earlier, slightly less than market expectations of a 0.5 per cent gain, government data showed on Friday. Channel NewsAsia Business News
WASHINGTON: Spurred on by plunging stocks and fears of global economic crisis, polarized US lawmakers called a key vote for Thursday and privately hunted for a compromise to avert a default on the country’s debt. Channel NewsAsia Business News
WASHINGTON: A US housing regulator filed a $ 900 million lawsuit against Swiss bank UBS on Wednesday over risky mortgage-backed securities it sold to mortgage giants Fannie Mae and Freddie Mac. Channel NewsAsia Business News
NEW DELHI: Indian Finance Minister Pranab Mukherjee said on Wednesday more monetary and fiscal steps were in the pipeline to tame stubborn inflation. Channel NewsAsia Business News