7-day Archive: 

Business

China to raise fuel prices tomorrow: Sinopec

BEIJING, Feb 7 – China will raise the ceiling on retail prices for petrol and diesel by 300 yuan (RM142.98) per tonne from tomorrow, a senior Sinopec official said, its first fuel price hike in 10 months.

The hike has been anticipated by the industry. Energy consultancy C1 Energy last month flagged a potential price increase, saying that ... Read More

Ryanair Chief Executive Michael O’Leary poses for a photo after a news conference in Barcelona February 7, 2012. He announced Ryanair will open six new routes at Barcelona Airport. — Reuters pic
Ryanair Chief Executive Michael O’Leary poses for a photo after a news conference in Barcelona February 7, 2012. He announced Ryanair will open six new routes at Barcelona Airport. — Reuters pic

Air France cancels half of long-haul flights

PARIS, Feb 7 – Air France cancelled one in two long-distance flights and about 30 per cent of medium-haul flights today as pilots stepped up protests over government plans to make strikers give two day’s ... Read More

China says hopes can solve airline fee dispute with EU

BEIJING, Feb 7 – China’s Foreign Ministry said today it hoped talks with the European Union could resolve a dispute over the region’s airline emissions fee scheme, a day after China said its airlines were ... Read More

Greek talks check euro, results hit shares

LONDON, Feb 7 — The euro was underpinned today by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe’s economic troubles among leading ... Read More

Glencore to buy Xstrata in US$90 billion deal

LONDON, Feb 7 – Commodities trader Glencore agreed an all-share takeover of mining group Xstrata worth US$90 billion (RM270.90 billion) today in the industry’s largest ever deal, creating a powerhouse ... Read More

SE Asia Stocks: Manila, Jakarta underperform

SINGAPORE, Feb 7 – Stocks in the Philippines and Indonesia fell while Singapore and Thai shares posted limited gains today amid mild selling pressure as caution about the euro zone crisis set in due to ... Read More

Sanyo cuts US plant jobs to move to Malaysia

By Yow Hong Chieh
KUALA LUMPUR, Feb 7 — Sanyo Electric Co will close an ageing solar wafer factory in California to start up operations in Malaysia as solar panel prices continue to fall.The Japanese company’s ¥45 billion ... Read More

Singapore says casino-related crime well under control

SINGAPORE, Feb 7 — Crime arising from the opening of two multi-billion-dollar casino-resorts in Singapore is low and under control, the city-state’s police said today, thanks to tight policing in ... Read More

Greeks delay bailout talks as Merkel demands action

PARIS, Feb 7 — German Chancellor Angela Merkel told Greece yesterday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country’s political leaders responded by ... Read More

Yum profit up as China keeps growing

NEW YORK, Feb 7 — KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street’s view after accelerating sales and operating profit at established restaurants in China helped ease ... Read More

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