Archive for March 10th, 2008

Pharmaceutical giant GSK opens pilot plant in Singapore

Monday, March 10th, 2008

British pharmaceutical giant GSK opened its first and only pilot plant in Singapore on Monday. With the opening of this 82-million-U.S. dollar pilot plant, GSK's operations in Singapore has spanned the entire value chain of activiti ...

Trading on Malaysia stock market resumes

Monday, March 10th, 2008

The trading on the Malaysia stock market resumed one hour later after it was suspended at 2:58p.m. in the afternoon session on Monday. According to a measure introduced by the Malaysia Stock Exchange, if the market falls by 15 perce ...

Tokyo stocks drop nearly 2%

Monday, March 10th, 2008

Tokyo stocks dropped nearly 2 percent Monday. The 225-issue Nikkei Stock Average, which fell over 430 points Friday, lost another 250.67 points, or 1.96 percent, to close at 12,532.13, its lowest since Sept. 1, 2005. The bro ...

Housing market slowdown in New Zealand continues

Monday, March 10th, 2008

Quotable Value, a housing property value assessment agency in New Zealand, said on Monday that the chance of growth in the housing market turning negative has increased after the latest figures. The slowdown is now in its fourth mon ...

Malaysia stocks trading suspended after sharp drop

Monday, March 10th, 2008

Malaysia's stocks trading was halted for an hour on Monday after the benchmark Kuala Lumpur Composite Index plunged by limit-down 10 percent. Under stock exchange rules designed to prevent panic selling, the trading was suspected fr ...

FBI probes largest U.S. mortgage lender Countrywide

Monday, March 10th, 2008

U.S. Federal Bureau of Investigation (FBI) has launched an investigation into Countrywide Financial, the country's largest mortgage lender, for possible securities fraud, according to U.S. media reports Monday. The investigation wil ...

S Korean gov’t aims to achieve 6-pct economic growth

Monday, March 10th, 2008

The South Korean government aims to achieve a 6-percent economic growth and create 350,000 more jobs in 2008 by boosting corporate investment and private spending, said a government report on Monday. Under the report by the Ministry ...

Dollar stays weak at lower 102 yen in Tokyo

Monday, March 10th, 2008

The U.S. dollar stayed weak in the lower 102 yen level Monday morning in Tokyo. At noon, the dollar was quoted at 102.29-34 yen, down from 102.63-73 yen in New York and 102.43-45 yen in Tokyo at 5 p.m. Friday. The euro ...