LONDON: Britain’s biggest retailer Tesco announced Wednesday that it will exit Japan after deciding to sell its network there of 129 small supermarkets to better focus on other operations in Asia. Channel NewsAsia Business News
LONDON: Britain’s Business Secretary Vince Cable on Wednesday accused bankers of exploiting the current euro crisis to block reforms to the troubled sector. Channel NewsAsia Business News
BEIJING: China faces a “better than even chance” of a another downgrade to its local currency debt rating due to rising defaults and high inflation following a credit binge, Fitch Ratings said Tuesday. Channel NewsAsia Business News
TOKYO: Japan’s jobless rate stood at 4.7 per cent in July, up 0.1 percentage point from the previous month, excluding figures from the disaster-hit northeast of the country, the government said Tuesday. Channel NewsAsia Business News
BEIJING – China has expanded the deposits that lenders must keep in reserve with the central bank as it struggles to curb inflation, the state Xinhua news agency reported Monday. Channel NewsAsia Business News
MADRID: Hundreds of Spaniards demonstrated on Sunday against a constitutional reform plan aimed at capping budget deficit. Channel NewsAsia Business News
PARIS: French President Nicolas Sarkozy wants to push through a balanced budget amendment, dubbed the “golden rule”, to reassure rattled markets, but economists complain the measure is too complicated. Channel NewsAsia Business News
ATHENS : Two of Greece’s top lenders, Eurobank and Alpha Bank, are to announce a merger on Monday that will give a vital confidence boost to the debt-hit country’s banking system, reports said on Saturday. Channel NewsAsia Business News
NEW YORK: US stocks closed solidly higher on Friday, shrugging off central bank chief Ben Bernanke’s “no new stimulus – yet” message and locking on his statement that growth should pick up in the second half. Channel NewsAsia Business News
WASHINGTON: Apple’s new chief executive Tim Cook has been awarded one million shares in the company, a bonus worth more than $ 383 million at the current stock price. Channel NewsAsia Business News