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On the trail of the smart money
It pays to follow the moves of canny investors like Wee Cho Yaw.
China eyes home demand not exports
It is firmly on the recovery path. -Reuters
Sri Lanka buying gold to diversify reserves
India previously announced it had purchased 200 tonnes of the precious metal. -AFP
Japan govt to force JAL pension cuts: media
Govt aims to submit bill to parliament next year. -Reuters
Shell Oil to pay California $26.6 million over violations
Investigation found hundreds of violations at the company's gasoline stations in California.
Berkshire Hathaway's net income triples
Rising stock markets boosted its investment holdings. -Reuters
U.S. jobless rate surges to 10.2%
Increase was unexpected, pressure up on Obama administration to do more. -Reuters
Chrysler dismantles electric car plans under Fiat
Electric cars would only represent "one to two per cent" of Chrysler's sales by 2014.
Opel chief leaves following failed deal
Forster's departure marks first high-profile exit at Opel since GM's decision reversal.
AIG posts second straight profit
But its underlying business remained weak and its shares fell. -Reuters
Freddie Mac posts US$5 billion loss
The US housing loan provider said it would need more government support. -Reuters
US closes Home Federal Savings in Detroit
It is the 117th US bank to fail this year. -Reuters
US stocks eye retailers as jobless ranks swell
Comments from retail stores will be of vital importance to investors. -Reuters
BofA suspending student loan program
US bank becomes one of several to exit federal-backed program. -Reuters
AIG posts profit of $636m
It was a massive turnaround from the loss the bailed out insurance giant reported last year. -AFP
British Airways to axe more jobs after losses balloon
1,200 jobs will be cut. -AFP
Two Japanese trust banks to merge
Sumitomo Trust & Banking Co. and Chuo Mitsui Trust Holdings will create the country's largest trust bank. -AFP
Singapore shares close higher
It was up by 1.1 per cent. -AFP
Megha Mittal to buy luxury fashion house Escada
All key assets of Escada's operating business as well as shares in its subsidiaries will be transferred to Mittal's trust. -Reuters
Taiwan's forex reserves at record high
The increase came after the British pound and the euro appreciated against the greenback. -AFP
Apec to lay foundations for free-trade area
This is to remove trade barriers and explore new growth frameworks. -myp
APEC to maintain stimulus till recovery in place
Economic recovery not yet on a solid footing. -AFP
Biggest challenge for Toyota? Cutting costs
It has not been able to respond to a sudden plunge in revenue with speedy cost reductions.
Experts cautious on S.Korea's recovery
World economy might dip again. -The Korea Herald/ANN
Fannie Mae seeks US$15bil in aid after loss
Net loss of US$18.9bil in Q3. -AFP
GM readies Opel plan, workers strike
It could pay off debt due this month. -Reuters
GM readies Opel plan, workers strike
Thousands of auto workers put down tools at German factories, saying GM had betrayed their interests.
Starbucks raises outlook as turnaround signs mount
It sent shares up almost 4%. -Reuters
Making money wearing t-shirts
Jason Sadler earns a living by selling the upper-half of his wardrobe - his t-shirt - every, single day. -Reuters
DBS Q3 profit surges 49%
July-September net profit of $563m exceeded expectations. -Reuters
HKMA sells $559million to keep HK dlr in trading band
The weakening of the HK currency makes its assets looks attractive. -Reuters
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