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Business 26 Nov 2004 | 12:00 AM

Carlyle Group shows interest in Hanjin Shipping

Hanjin Shipping Co. has been approached by U.S. private equity fund Carlyle Group L.P. to acquire some of the South Korean company's transport and logistics assets, Hanjin officials said.

Business 25 Nov 2004 | 12:00 AM

Japan's trade surplus expands in October

Japan's trade surplus expanded 8.8 percent in October, helped by steady demand for Japanese products in Asian markets, the government said Thursday.

Business 25 Nov 2004 | 12:00 AM

US stocks move higher on oil report

Stocks closed slightly higher in lackluster pre-holiday trading Wednesday, with a better-than-expected government report on oil inventories and good unemployment figures giving investors reasons to buy stocks.

Business 24 Nov 2004 | 12:00 AM

ING may use asset sales proceeds for acquisitions

ING Groep NV, the largest Dutch financial company, may use proceeds from more than US$1.5bil of asset sales for acquisitions in Internet banking and life insurance in Asia, chief executive officer Michel Tilmant said.

Business 23 Nov 2004 | 12:00 AM

US stocks rise as oil prices fall

An afternoon rally spurred by a drop in oil prices pushed stocks higher Monday, bringing investors back into the market despite lingering concerns over the strength of the dollar and the nation's trade deficit.

Business 22 Nov 2004 | 12:00 AM

Tokyo stocks finish sharply lower Monday

Tokyo stocks closed sharply lower on Monday as investors sold export-oriented issues in response to the U.S. dollar's recent declines

Business 22 Nov 2004 | 12:00 AM

Philippine shares end lower Monday on profit-taking

Philippine shares closed lower Monday as investors took profits in the absence of fresh market leads and following the Dow Jones Industrial Average's 1.1 percent fall.

Business 21 Nov 2004 | 12:00 AM

Stocks tumble, oil jolts investors

US stocks tumbled on Friday as investors were jolted by a surge in oil prices and comments by Federal Reserve Chairman Alan Greenspan, who gave a stark reminder that interest rates were bound to go higher and warned that appetite for the dollar would dwindle.

Business 18 Nov 2004 | 12:00 AM

Brazil increases basic lending rates by 0.50%

Fearing inflation could jeopardize the financial stability of Latin America's biggest country, Brazil's Central Bank on Wednesday increased the country's prime lending rate for the third consecutive month.

Business 18 Nov 2004 | 12:00 AM

US stocks rise on Kmart-Sears deal

Stocks bounded higher Wednesday as investors shrugged off a fresh indicator of rising inflation and welcomed an $11 billion (euro8.44 billion) deal that combines retailers Kmart Holding Corp. and Sears, Roebuck and Co.