December 15, 2011
Hong Kong stock market debuts struggle in weak market
Shares in two of Hong Kong's biggest stock market flotations this year have fallen in their first day of trading. Shares in jeweller Chow Tai Fook fell as low as HK$13.66 in morning trade, down 9% from an offer price of $15. New China Life, an…
December 14, 2011
Iraq PM Nouri al-Maliki calls for US investment
Iraqi Prime Minister Nouri al-Maliki, has called on US business leaders to invest in his…
December 14, 2011
Olympus submits earnings to try and avoid delisting
Japan's scandal-hit camera maker Olympus has filed revised earnings reports to try and avoid being delisted by the Tokyo Stock Exchange. The firm filed reports going back five years, three hours before a deadline passed which would have seen it…
December 14, 2011
Euro drops below $1.31 for first time since January
The euro has dropped to an 11-month low against the dollar as concerns continue over the future of the eurozone. The euro fell below $1.31 for the first time since January. Against the pound, one euro bought 84.20 pence. Last week, 26 of the 27…
December 14, 2011
US Federal Reserve continues ‘Operation Twist’ stimulus
The US Federal Reserve has left interest rates unchanged and said that it will continue with its bond-buying stimulus programme. However, one member of the Fed's rate-setting dissented and wanted more stimulus to the economy. The Fed said it…
December 14, 2011
Apple founding papers sold at auction for nearly $1.6m
Apple's founding papers have been sold at auction for $1,594,500 (£1.03m). Sotheby's had estimated the three typed partnership agreements would sell for between $100,000 and$150,000. The documents were signed by the firm's three co-founders, Steve…
December 13, 2011
Gingrich’s ‘mind boggling’ tax plan
Every Republican presidential hopeful has a plan to cut taxes.
But one candidate's plan has…
December 13, 2011
Asian chipmakers fall after Intel cuts sales forecast
Shares in Asian makers of computer chips fell on Tuesday, after Intel cut its revenue forecast. Intel, the world's largest maker of microprocessors, said on Monday it was due to a shortage of hard disk drives. Severe flooding in Thailand, which has…
December 13, 2011
Euro pact faces UK hurdle, ebbing market faith
Doubts rebounded yesterday over Europe’s ability to solve its debt crisis and rescue the imperiled euro, as investors worried that plans for closer fiscal unity will bring little immediate relief and exposed the continent’s deep political…
December 13, 2011
WTO brings changes to foreign trade companies
With both delicate hand-carving and efficient machinery, a Chinese furniture and arts and crafts exporting company is trying to shape the industry. After ten years in the business, the owner, Yu Heqin, is busy designing new products in the hope…