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Business 18 Nov 2008 | 12:00 AM

ADB: Local bonds show strength during turmoil

SEOUL, South Korea (AP) - Local currency bond markets in the emerging economies of East Asia have stood up well to the global credit crisis and can serve as an important source of funding for governments as they boost public spending to battle slowing economies, the Asian Development Bank said Tuesday.

Business 18 Oct 2008 | 12:00 AM

KLCI extends losses on fresh downgrades

Shares on Bursa Malaysia fell for a third day, as fresh downgrades by analysts on major companies and key economic sectors turned off investors' already weak appetite for equities.

Business 24 Aug 2008 | 12:00 AM

China Construction Bank profits up 71 per cent

BEIJING (AP): China Construction Bank Corp., the country's second-largest commercial lender by assets, says first-half profits jumped 71 percent as it avoided the credit crisis that is hammering U.S. and European lenders.

Business 23 Aug 2008 | 12:00 AM

China Construction Bank profits up 71%

BEIJING (AP) - China Construction Bank Corp., the country's second-largest commercial lender by assets, says first-half profits jumped 71 percent as it avoided the credit crisis that is hammering U.S. and European lenders.

World 20 Jan 2006 | 12:00 AM

Iran says begins transferring foreign holdings

TEHRAN (Reuters) - Iran, which could face U.N. economic sanctions over its atomic programme, has started to transfer assets held in foreign accounts, the central bank governor was quoted as saying on Friday.

World 20 Jan 2006 | 12:00 AM

Iran says begins transferring foreign holdings

TEHRAN (Reuters) - Iran, which could face U.N. economic sanctions over its atomic programme, has started to transfer assets held in foreign accounts, the central bank governor was quoted as saying on Friday.

Business 17 Jan 2006 | 12:00 AM

China says government must keep majority stake in banks

SHANGHAI: The government must keep its status as the majority shareholder of state banks to ensure China's economic and financial security, a senior official said in remarks published Tuesday.

Business 19 Oct 2005 | 12:00 AM

China's banks go on sale, and buyers eager despite risks

SHANGHAI, China: China's giant, state-owned banks, notorious for their huge portfolios of bad debt, weak management and antiquated service, are poised to raise billions of dollars in international stock offerings - and investors are keen to buy.

Business 13 Oct 2005 | 12:00 AM

Temasek made S$13bil new investments in past year

Temasek Holdings Pte, a Singapore state-owned investment company, invested S$13bil (US$7.6 bil) in the year through March, with foreign holdings now making up more than half its S$103bil portfolio, Temasek chief executive Ho Ching said.

World 19 Sep 2005 | 12:00 AM

U.S. lawmakers differ on how pay for Katrina relief

WASHINGTON (Reuters) - U.S. lawmakers on Sunday differed over how to pay for rebuilding the Gulf Coast in the aftermath of Hurricane Katrina, in a preview of the likely battles ahead as Congress struggles with a price tag that some say could top $200 billion.