Business

EU cites Chinese Telecoms Huawei and ZTE for trade violations

NEW YORK, May 18 — Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.

European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into ... Read More

People withdraw money from United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corporation (OCBC) automated tellers in Singapore May 17, 2013. — Reuters pic

People withdraw money from United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corporation (OCBC) automated tellers in Singapore May 17, 2013. — Reuters pic

Recent Articles

Indonesia offers 21 oil and gas blocks in tender

JAKARTA, May 18 — Indonesia opened a rights tender for 21 oil and gas exploration blocks today, two of which are for unconventional gas concessions on the islands of Borneo and Sumatra, as Southeast ... Read More

China April housing inflation quickens

BEIJING, May 18 — China’s housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging policymakers who are trying to cool record home prices while supporting ... Read More

Tech, labour brandish duelling studies in US immigration fight

WASHINGTON, May 18 — The technology industry and organised labour are locked in a fight that threatens to complicate the US Senate’s immigration bill.At the heart of the debate is whether there is a ... Read More

Talk gets old as rally sails along

NEW YORK, May 18 — With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street’s rally inevitably hitting a ceiling is ... Read More

Investor group calls on SEC to review change in JP Morgan

NEW YORK, May 18 — Pension and endowment managers today called on US regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank’s ... Read More

Brussels, Berlin lukewarm on Hollande’s euro zone vision

BRUSSELS, May 17 — European officials gave a lukewarm response to French President Francois Hollande's sweeping proposals for deeper euro zone integration today, noting that many of his ideas were already ... Read More

Italy PM Letta seeks to smooth property tax standoff

ROME, May 17 — Italian Prime Minister Enrico Letta promised a wide reform of property tax today, addressing one of the main issues dividing his coalition government, but gave no details on where he would ... Read More

Petra Energy reports lower Q1 earnings

KUALA LUMPUR, May 17 —Petra Energy Bhd registered a lower pre-tax profit of RM3.619 million for its first quarter ended March 31, 2013, from the RM9.712 million posted in the same period last year.Revenue ... Read More

MASkargo’s business plan gets MAS’ support

SUBANG, May 17 —National carrier Malaysia Airlines System (MAS) is fully supportive of its subsidiary MASkargo Sdn Bhd’s initiatives in carrying out its three-thrust business plan this year.MAS group ... Read More

Japan PM sets targets in latest growth strategy tranche

TOKYO, May 17 — The latest tranche of Japan's growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said ... Read More

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