TOKYO: Electronics and manufacturing giant Toshiba said Wednesday it is to shut three semiconductor factories in Japan as part of a reorganisation of its business. Channel NewsAsia Business News
HONG KONG: Shares in the telecommunications trust carved out of PCCW Ltd. were unchanged in morning trade Tuesday as they debuted on the Hong Kong stock market after a $ 1.2 billion initial public offering. Channel NewsAsia Business News
SYDNEY: Australia announced billions of dollars in new spending cuts and savings Tuesday in a bid to return its budget to surplus by 2012/13 after a deterioration in global economic conditions. Channel NewsAsia Business News
NEW DELHI : Protests by Indian lawmakers forced parliament to abandon business on Monday as the government faced growing opposition to its decision to open the retail market to global competition. Channel NewsAsia Business News
SYDNEY: Australian carrier Qantas is set to shelve its controversial plan to set up a joint-venture premium airline based in Asia due to the economic turmoil in Europe, a report said Monday. Channel NewsAsia Business News
BERLIN: Swedish automaker Volvo, owned by China’s Zhejiang Geely, will hire 10,000 new staff in the coming years, most of them in China, its chief executive said in an interview to be published on Monday. Channel NewsAsia Business News
WASHINGTON: US retail sales on Black Friday hit a new record for the start of the holiday shopping season that follows Thanksgiving, according to early estimates published Saturday. Channel NewsAsia Business News
BRUSSELS: Belgium fell in behind model eurozone pupils Italy and Greece on Saturday, its feuding politicians ending 19 months of deadlock with an 11th-hour budget deal that met EU strictures hours after a brutal downgrade. Channel NewsAsia Business News
TOKYO: Japanese auto giant Toyota is in discussions with BMW over a partnership in eco-friendly cars, a press report said Saturday. Channel NewsAsia Business News
NEW YORK: The euro fell beneath the $ 1.33 level on Friday, as debt troubles continued to roil markets with little end in sight to the eurozone crisis. Channel NewsAsia Business News