Archive for March 31st, 2008

Dollar briefly climbs above 100 yen line in Tokyo

Monday, March 31st, 2008

The U.S. dollar briefly climbed above the 100 yen line Monday in Tokyo. At 5 p.m., the dollar was quoted at 99.35-38 yen against 99.21-31 yen in New York and 99.99-100.02 yen in Tokyo at 5 p.m. Friday. It moved between 98.80 ...

Hawaii’s Aloha Airlines to shut down passenger service

Monday, March 31st, 2008

Hawaii's second-largest airline, Aloha Airgroup Inc., said on Sunday it will halt all passenger service after Monday, as a result of fierce competition and rising fuel prices. The airline said it will stop taking reservations for fl ...

Tokyo stocks close over 2% lower

Monday, March 31st, 2008

Tokyo stocks closed more than 2 percent lower Monday. The 225-issue Nikkei Stock Average lost 294.93 points, or 2.30 percent, from Friday to 12,525.54. The broader Topix index of all First Section issues on the Tokyo Stock E ...

S. Korea aims to attract $12 bln in FDI in 2008

Monday, March 31st, 2008

South Korean government aims to attract more than 12 billion U.S. dollars in foreign direct investment (FDI) this year by greatly improving the domestic business environment, the Korea Herald reported on Monday. The target was made ...

S.Korea’s industrial output grows 10.1% in February

Monday, March 31st, 2008

South Korea's industrial output grows 10.1 percent in February from the same period last year, the country's National Statistical Office (NSO) said Monday. According to the NSO, the country's industrial production grew 10.1 percent ...

S.Korean central bank to conduct flexible monetary policy

Monday, March 31st, 2008

South Korean central bank said Monday that it will conduct monetary policy flexibly this year. "The central bank will conduct flexible monetary policy with a focus on stabilizing consumer prices. At the same time, the bank plans to ...

Philippine foreign debt continues to rise in 2007

Monday, March 31st, 2008

The Philippines saw its foreign debt grow slightly in 2007, the central bank said Monday, adding that however major external debt ratios had improved. According to a statement released by Bangko Sentral ng Pilipinas, or the central ...

New Zealand’s Telecom split to provide "cheaper" internet access

Monday, March 31st, 2008

The New Zealand government promised cheaper prices and faster internet speeds as the result of structural changes to Telecom, which come into force on Monday. Legislation was passed last year requiring Telecom to split into separate ...