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Archive for  December 2012

    • News Desk
    • Dec 8th, 2012
    • Comments Off on Boehner says Obama pushing country toward ‘fiscal cliff’

    Republican House Speaker John Boehner accused US President Barack Obama of pushing the country toward the "fiscal cliff" Friday and of wasting another week without progress in talks. With three weeks left before a combination

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on Kyrgyzstan unveils $7 billion investment plan

    The Central Asian state of Kyrgyzstan has unveiled a $7 billion plan to revitalise its struggling economy in the next five years with help from Russian, Chinese and Western investment and aid. The economy in

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on EU regulatory cloud: worries centuries-old Baltic ship exchange

    European plans to tighten financial market regulation are raising commercial worries for London's Baltic Exchange, which has shaped global shipping business for centuries but now faces potential challenges from new rivals. Brussels is approving a

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on Italian investor wins battle for Aston Martin stake

    Aston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker. Investindustrial is buying 37.5 percent for

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on Canada’s jobs surge surprise offers hope for Q4

    Canada's economy churned out far more jobs than expected in November in a surprising comeback at a time of sluggish growth, offering hope of stronger fourth quarter economic showing. However, Statistics Canada's report on Friday

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on US employment ducks superstorm Sandy punch

    US companies kept up their steady but slow hiring pace in November, defying predictions that superstorm Sandy would deal a big blow to the labour market. While the unemployment rate fell to a near four-year

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on Southeast Asian markets: Manila hits all-time high, others mixed

    The Philippines stock market hit an all-time high on Friday, while others ended mixed as investors waited for directions from US non-farm payrolls data due later in the day. The Philippines, the region's best performer

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  • South Korean shares rose on Friday, extending gains into a third session, as investors hoped for positive signs in US budget talks and pro-growth policies from China, while the market awaited a US jobs report

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    • News Desk
    • Dec 8th, 2012
    • Comments Off on Indian shares fall on profit-taking; IT stocks hit

    Indian shares fell on Friday on profit-taking after the government expectedly won a vote for foreign investment in retail in the upper house of parliament, while technology stocks such as Infosys extended declines on worries

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  • Japan's Nikkei share average held steady on Friday, ahead of US jobs data, after closing above the key 9,500-mark for the first time in seven months in the previous session. The Nikkei was flat at

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