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Archive for  August 2004

    • News Desk
    • Aug 31st, 2004
    • Comments Off on Japan retail sales get lift from heatwave, Olympics

    Japan's retail sales rose in July for the first time in five months, government data showed on Monday, as a heatwave helped boost sales of air conditioners and demand for televisions rose in the runup

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Shell and Sinopec launch service station venture

    Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a 187 million dollar service station joint venture, the companies said Monday. The new venture, Sinopec and Shell (Jiangsu) Petroleum

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Brazil urges Asia to use more biofuel

    Brazil, the world's largest producer of sugar-based ethanol, urged fossil-fuel dependent Asian nations to use more biofuel as a counter to high oil prices on Monday. Agriculture Minister Roberto Rodrigues called on Southeast and East

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Taiwan stocks end off, cautious of second quarter results

    Taiwan stocks ended a touch lower on Monday, edging further away from an 8-week high on faltering electronics shares as most investors stayed out of the game in the final days of earnings season to

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  • China's shares closed down 0.08 percent on Monday as investors cashed out of index heavyweights such as Baosteel. The benchmark Shanghai composite index, grouping foreign-currency B shares and local-currency A shares, finished at 1,319.533 points

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Seoul shares snap five-day winning streak

    Seoul stocks ended lower on Monday, hit by profit-taking after five days of gains, as investors dumped shares in flat screen maker LG Philips LCD on concerns about weak demand amid growing inventories and supply

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Hong Kong stocks make gains, China Life stars

    Hong Kong stocks gained 0.46 percent on Monday with China insurance and property shares the top performing sectors in quiet trade ahead of the US Republican convention and jobs report at the end of the

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  • India's key share index rose in relief on Monday, with investor sentiment buoyed by a return to the roads of about 3 million trucks countrywide after the truckers' unions called off their week-old strike at

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  • Thai stocks fell 1.24 percent on Monday as profit taking hit big-caps, with telecommunications, banks and energy shares leading the fall. Investors sold bank shares because the Bank of Thailand's tighter rules on the classification

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  • Sri Lankan stocks fell on Monday as retail investors voiced concern about the country's overall macroeconomic conditions, brokers said. The key Colombo all-share index ended down 0.64 percent, or 8.79 percent at 1,375.17. The market

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