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Business 21 Feb 2012 | 12:00 AM Premium

South Korea posts trade deficit for year to Feb 20

SEOUL, Feb 21 (Reuters) South Korea ran a trade deficit of $3.86 billion for the year to Feb. 20 as exports barely grew while imports jumped, customs data showed on Tuesday, hit by the euro zone crisis and rising raw materials prices.

Business 11 Feb 2012 | 12:00 AM Premium

Indochina expansion to fuel Tan Chong

TAN Chong Motor Holdings Bhd (TCMH) believes the group’s investments within Indochina will result in better earnings contribution in the coming years, in tandem with economic growth in the region.

Business 18 Aug 2011 | 12:00 AM Premium

Carlsberg Q2 profit down, cuts full-year outlook

COPENHAGEN: Danish brewer Carlsberg cut its full-year outlook when reporting a 13% fall in quarterly profit that missed forecasts after sales in its key Russian market were hit by higher prices, sending its shares diving.

Business 23 Jul 2011 | 12:00 AM Premium

Steel – a hot issue

The domestic steel sector is facing serious hurdles which could hamper the growth of the multi-billion dollar industry.

Business 22 Jun 2011 | 12:00 AM Premium

Foster’s: SABMiller US$10b bid too low

MELBOURNE: Foster's Group yesterday rejected a A$9.5bil (US$10.1bil) cash takeover offer from global giant SABMiller as too low, but investors predicted Australia's largest brewer would succumb to a slightly higher offer.

Business 01 Jun 2011 | 12:00 AM Premium

China manufacturing slows in power, credit squeeze

SHANGHAI: China's manufacturers suffered sluggish growth in orders in May as widespread power shortages and inflation-fighting curbs on credit dampened demand, surveys showed Wednesday.

Business 22 Feb 2011 | 12:00 AM Premium

Excise duty rise slashes Carlsberg profit

COPENHAGEN: Danish brewer Carlsberg blamed a sharp drop in fourth-quarter profit on an excise duty rise in its biggest market Russia and falling Eastern European sales.

Letters 22 Dec 2008 | 12:00 AM Premium

China slows down, economies worry

The theory of Asia 'decoupling' from the world recession is disproved, as China's economy is rapidly slowing, with millions of jobs lost and a review pending on its export-led strategy.

Business 23 Sep 2008 | 12:00 AM Premium

Fitch sends GM's rating deeper into junk status

DETROIT (AP) - Fitch Ratings downgraded General Motors Corp.'s credit rating deeper into junk status Monday, saying the automaker faces headwinds in almost every direction and its liquidity could drop to minimum required levels'' within the next year.

Business 25 Aug 2008 | 12:00 AM Premium

Combating inflation high on budget agenda

BUDGET 2009 is expected to focus on easing the costs of rising inflation for the public. There are many ways this can be done and attention must also be directed at various distressed corporate sectors.