Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Barclays 'to get cash infusion from major Japanese bank'

The UK banking sector certainly appears to have been stuck with a lot of sub-prime debt problems."Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact...

Temasek raises stake in Bank Internasional Indonesia

"Bank Indonesia is the Indonesian central bank. Temasek was recently in the headlines over its indirect shareholdings in two of Indonesia's largest cellular phone companies, PT Telkomsel and PT Indosat. The Indonesian anti-monopoly watchdog KPPU ruled Temasek breached...

Vitasoy recorded healthy sales growth for 1h fy2007/2008

"The number of new products launched during the interim period was more than double the number of new products launched during the entire previous financial year. New Vitasoy products include VITASOY SAN SUI Tofu, VITASOY Jasmine Soya Bean Milk, reformulated VITASOY Chocolate...

Temasek says `not guilty` of breaking Indonesian competition law

"Temasek executive director Simon Israel said Temasek was "not guilty" and the company would fight the ruling by the Indonesian business regulator which is also known as KPPU.Temasek owns 56 percent of Singapore Telecommunications (SingTel) which in turn owns 35 percent of...

Indonesian telecoms stocks fall on anti-monopoly ruling

"Shares of the largest telecommunication firm, PT Telekomunikasi Indonesia Tbk (Telkom) opened down 3.35 percent at 10,100 rupiah at the start of trading. Telkom owns 65 percent of Indonesia's biggest mobile phone operator Telkomsel. PT Indosat Tbk, Indonesia's second-largest...

Spirit AeroSystems and Progresstech enter into joint venture

""Our partnership is mutually beneficial to both companies, in growing our business and supporting our customers around the world," said Spirit President and CEO JeffTurner. "For Spirit, it will bring access to engineering talent and developing technologies." "We are excited...

Trans-Orient gets independent assessment on NZ Holdings

"Dr Bennett added, "Trans-Orient's solid financial position and 100 per cent interest in the East Coast venture allows for full control over the pace of exploration activity. Moving forward, our strategy is to drill a number of both the conventional targets and the targets...

Fried Frank opens office in Shanghai

"Fried Frank opened its Hong Kong office in December 2006. Since then it has completed significant transactions for clients needing access to US, European and international expertise, as well as local law capability. Recent deals include the representation of Merrill Lynch...