"Stanford victims file class action suit against insurers"
Channel News Asia, 04-Jul-09 12:22 AM
WASHINGTON: Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford.
"Volkswagen plans electric car in 2013"
Channel News Asia, 03-Jul-09 09:08 PM
BERLIN : German auto maker Volkswagen hopes to turn out its first all-electric car in 2013, VW head Martin Winterkorn said Friday.
"Chinese oil groups eye stake in Spain's YPF"
Channel News Asia, 03-Jul-09 07:59 PM
MADRID : Two giant Chinese oil companies are interested in buying a 30-percent stake in an affiliate of Spanish oil major Repsol, media reported Friday.
"Malaysia's exports plunge 29.7% in May"
Channel News Asia, 03-Jul-09 07:40 PM
KUALA LUMPUR : Malaysia's exports slumped 29.7 percent in May from a year earlier, hitting their lowest level since 2001 with demand evaporating, according to official data released Friday.
"Thousands to strike at SAfrica's public broadcaster"
Channel News Asia, 03-Jul-09 07:24 PM
CAPE TOWN : More than half the workforce at South Africa's embattled public broadcaster will go on strike on Monday over a pay dispute which has gone unresolved as the institution's board collapsed.
"British Airways says will slash spending"
Channel News Asia, 03-Jul-09 06:46 PM
LONDON : Troubled British Airways said Friday that it would slash capital expenditure by one fifth in the current financial year after posting another sharp drop in monthly passenger numbers.
"New bubbles rising in China property market"
Channel News Asia, 03-Jul-09 05:31 PM
BEIJING : China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday.
"Dollar climbs after poor European retail sales"
Channel News Asia, 03-Jul-09 05:16 PM
LONDON : The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.
"Air India employees strike over unpaid wages"
Channel News Asia, 03-Jul-09 05:10 PM
NEW DELHI : Employees of India's national carrier Air India staged a nationwide two-hour strike on Friday to protest what they said was management's failure to pay salaries on time.
"Bawang's IPO makes shining debut in Hong Kong"
Channel News Asia, 03-Jul-09 04:16 PM
HONG KONG: There are signs in Hong Kong that appetite for initial public offerings (IPOs) might be returning.
"London oil market probes alleged rogue trader"
Channel News Asia, 03-Jul-09 04:15 PM
LONDON : Oil market officials here have launched a probe into an alleged rogue trader who helped push prices to eight-month peaks this week, costing his company nearly 10 million dollars (7.15 million euros).
