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Channel NewsAsia Business News

Cathay Pacific returns to profit in 2009

HONG KONG - Cathay Pacific said Wednesday it returned to profit in 2009 despite a drop in the Hong Kong-based carrier's sales amid global economic turbulence. more >>

US probes runaway Toyota Prius

WASHINGTON: US investigators launched a probe Tuesday into a runaway Toyota Prius in California, a high-profile case that threatens to undermine the Japanese automaker's effort to repair its battered image. more >>

Philippine exports rise at fastest pace in 15 years

MANILA: The Philippines said Wednesday that exports rose at their fastest pace in nearly 15 years in January as the Southeast Asian nation reaped the benefits of an improving world economy. more >>

US to expose trade barriers in new report

WASHINGTON: The United States said it would expose "troublesome" foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home. more >>

US, Europe eye free-trade pacts with rising Asia

SINGAPORE: The United States, fearful of being sidelined as China and other fast-growing Asian economies speed up their integration, is banking on a new trade pact to shore up its Pacific influence. more >>

China's February exports, trade surplus figures soar

BEIJING: China said Wednesday that exports soared for the third straight month in February and at their fastest pace in three years, which analysts said could leave Beijing more open to a stronger yuan. more >>

IMF to send evaluation mission to Turkey in May

WASHINGTON: The International Monetary Fund on Tuesday said it would send a staff mission to Turkey in May to evaluate the country's economic outlook and policy plans, the first such visit in three years. more >>

Greek PM: Obama "positive" on speculator battle

WASHINGTON: Greek Prime Minister George Papandreou said Tuesday that President Barack Obama offered a "positive" verdict on European plans to thwart speculators blamed for deepening Greece's crisis. more >>

US seeks talks to avert trade war with Brazil

BRASILIA: Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory. more >>

Japan machinery orders fall 3.7% in January

TOKYO: Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 3.7 per cent in January from the previous month, official data showed Wednesday. more >>

New Zealand to end crisis-inspired funding guarantee

WELLINGTON: New Zealand will next month close a wholesale funding guarantee introduced at the height of the global financial crisis, Finance Minister Bill English said Wednesday. more >>

Wall Street up on rebound anniversary

NEW YORK: Wall Street stocks posted modest gains on Tuesday amid cautious trading on the one-year anniversary of the beginning of the market's rebound from its lows last year. more >>

Oil prices slip on stronger dollar

NEW YORK: Oil prices slipped on Tuesday under pressure from a stronger dollar and ahead of weekly data on petroleum inventories in the United States, the world's largest energy consumer. more >>

Greek PM meets Obama amid finance crisis

WASHINGTON: Greek Prime Minister George Papandreou held talks on Tuesday with President Barack Obama seeking US action against speculators he says are deepening his country's financial crisis. more >>

PCCW proceeding with free-to-air TV service plans

HONG KONG: PCCW is proceeding with plans for a free-to-air TV service in Hong Kong. more >>