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Stocks Slip in Europe and Asia (New York Times)
Wed, 21 Jan 2009 12:54:55 GMT
Stocks fell Wednesday in Asia and Europe amid concern for the health of the financial system, The New York Times’s David Jolly and Bettina Wassener reported.
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Asia banks brace for loan loss fallout (National Post)
Wed, 21 Jan 2009 17:59:46 GMT
Fears are rising that Asia’s banks face escalating loan losses and a fall in profitability as economies in the region struggle to come to grips with the rapid slowdown in global trade.
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NAVAL SPENDING IN SOUTHEAST ASIA REMAINS STEADY (Bernama via Yahoo! Malaysia News)
Wed, 21 Jan 2009 11:56:21 GMT
SINGAPORE, Jan 21 (Bernama) -- Naval spending in South and Southeast Asia is expected to remain steady despite the global economic slowdown, compared with forecast declines in other markets over the next two years, according to a naval analysts agency.
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CSAV Norasia suspends Asia-Europe service (Journal of Commerce Online)
Wed, 21 Jan 2009 14:34:28 GMT
Hong Kong-based CSAV Norasia is suspending its ANE service, its only direct weekly service between Asia and Europe, because of what it calls “unsustainable” lack of demand and overcapacity.
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Worsening job market to defer Asia consumer awakening (The Economic Times)
Wed, 21 Jan 2009 10:22:50 GMT
Fears about job security have the all too human effect of turning spenders into savers, though in emerging Asia, where shuttered factories multiply by the day, being too scared to spend could prolong the recession.
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Stocks slip in Europe and Asia (International Herald Tribune)
Wed, 21 Jan 2009 10:05:16 GMT
Indexes fell in Asia and Europe amid concern for the health of the financial system.
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Oil price falls to less than $41 a barrel in Asia (The Star-Ledger)
Wed, 21 Jan 2009 09:49:26 GMT
Oil prices hovered below $41 a barrel today in Asia as dismal economic news pointed to deteriorating crude demand. Light, sweet crude for March delivery was down 12 cents at $40.72 a barrel by midday in Singapore in electronic trading...
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India: Tamil Tiger Chief Now In Southeast Asia? (Sin Chew Jit Poh)
Wed, 21 Jan 2009 06:10:28 GMT
NEW DELHI, INDIA: With Sri Lankan troops closing in on the last remaining Tamil Tiger stronghold of Mullaitivu, speculation is rife that rebel chief Velupillai Prabhakaran has fled to Southeast Asia to "fight another day".
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Executive hiring in Asia slows sharply (Philippine Daily Inquirer)
Wed, 21 Jan 2009 07:09:17 GMT
HONG KONG -- Job openings for executives in Asia are dwindling, notably in Hong Kong where they are at a seven-year low, as the economic downturn is proving severe and forcing many companies to freeze hiring, a survey by recruitment firm Hudson showed Wednesday.
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Barclays Wealth appoints co-head of North Asia for private banking (Thaipr.net)
Wed, 21 Jan 2009 03:08:55 GMT
Barclays Wealth has appointed Joanna Chu as Managing Director and Co-Head of North Asia for its private banking business, effective 19 January. Joanna brings with her more than 20 years of experience
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