May 16th
LONDON, May 17 — Western companies announced finds of huge additional quantities of gas off the coast of Mozambique and Tanzania, cementing the future of East Africa as a major new supplier exporting liquefied natural gas (LNG) to energy-hungry Asia. Italian oil group Eni said yesterday it had discovered a vast new field at its exploration block ..
Follow this link: Huge finds make East Africa next big gas source
May 16th
NEW YORK, May 17 — US stocks and the euro slid yesterday on news that some Greek banks face emergency funding needs, while minutes from the Federal Reserve’s April meeting showed US economic prospects remain sobering.
Read more: Euro, Wall St fall on ECB, Fed minutes
May 16th
BEIJING, May 16 – China should quicken the pace of launching new financial instruments and capital markets must to be strengthened to improve their contribution to supporting economic activity, central bank governor Zhou Xiaochuan said today. Zhou made his comments in a speech to an audience of financial regulators and industry …
Follow this link: Need for faster financial instruments launch, says China’s central bank
May 16th
BEIJING, May 16 – China should quicken the pace of launching new financial instruments and capital markets must to be strengthened to improve their contribution to supporting economic activity, central bank governor Zhou Xiaochuan said today. Zhou made his comments in a speech to an audience of financial regulators and industry …
Visit link: Need for faster financial instruments launch, says China’s central bank
May 16th
KUALA LUMPUR, May 16 – Media Prima Bhd’s pre-tax profit for its first fiscal quarter ended March 31, 2012, dropped to RM28.922 million from RM47.561 million recorded in the corresponding quarter last year. Revenue for the three-month period was also down to RM335.284 million from RM354.189 million previously. In a filing to Bursa Malaysia today, ..
Visit link: Media Prima Q1 profit down to RM28.9m
May 16th
KLANG, May 16 – WCT Bhd, a civil engineering and construction company, hopes to secure contracts worth RM1 billion, out of RM5 billion worth of contracts the group is bidding for internationally and locally, says independent non-executive chairman Datuk Ahmad Sufian. The company is mostly bidding for infrastructure projects and 40 per cent of the …
Read more from the original source: WCT hopeful of clinching RM1b contracts
May 16th
LONDON, May 16 – Britain’s top share index fell through the 5,400 point level for the first time since mid-December, driven lower by a slump in heavyweight mining stocks and fears over Greece, which have pushed investors out of equities and into cash or gilts. The FTSE 100 index was down 0.9 per cent, or 51.12 points, to 5,386.50 points – its …
See original here: Fear factor sends UK’s FTSE down through 5,400 mark
May 16th
BANGKOK, May 16 – Shares in Philippines and Malaysia suffered their biggest daily loss in seven months today as equity markets in southeast Asia followed a broad global selloff, touched off by worries that the euro zone’s debt crisis would worsen. The Philippine index finished down 2.3 per cent at 4,864.23 while Malaysia’s main share index ended ..
See the rest here: SE Asia Stocks: Shares fall amid Greek political turmoil
May 16th
SINGAPORE, May 16 – Singapore Airlines Ltd (SIA) , which is struggling with weak load factors, said today it will suspend services to Abu Dhabi and Athens from Oct 26 due to weak demand. SIA, the world’s second-largest carrier by market value, currently flies to and from Abu Dhabi three times a week. The Singapore flag carrier flies to the Greek ..
Continue reading here: Singapore Airlines to suspend services to Abu Dhabi, Athens
May 16th
HONG KONG, May 16 – The Hang Seng index posted its biggest loss in six months today after mainland media reported flat loan growth for the country’s “Big Four” state-owned banks in the first two weeks of May, fanning fears about the slowing Chinese economy. Those concerns combined with Greece’s failure to form a government and a three-day losing …
Read more here: Hong Kong shares post biggest loss in six months, China slides