Archive for May 15th, 2008

S Korea’s leading mobile company buys stakes in Chinese game firms

Thursday, May 15th, 2008

SK Telecom Co., South Korea's leading mobile company, said Thursday it has purchased a 30-percent stake in a Chinese online game company to advance to China's rapidly-growing gaming industry. According to SK Telecom, the company sig ...

"Indonesia Street" to open in Shanghai

Thursday, May 15th, 2008

Indonesia is set to open a permanent market in Shanghai later this month to display high quality Indonesian products with competitive prices, an executive has said. The market, called "Indonesia Street", will start running May 22, ...

Tokyo stocks close higher

Thursday, May 15th, 2008

Tokyo stocks close nearly 1 percent higher Thursday. The 225-issue Nikkei Stock Average advanced 133.19 points, or 0.94 percent, from Wednesday to 14,251.74, hitting a four-month high. The broader Topix index of all First Se ...

TomTom wins EU approval to buy Tele Atlas

Thursday, May 15th, 2008

Dutch navigation devices maker TomTom won approval from the European Union (EU) on Wednesday to buy Tele Atlas, a provider of navigable digital maps. "The transaction would not significantly impede effective competition," the Europe ...

Polls show U.S. in recession

Thursday, May 15th, 2008

More than three quarters of Americans polled say the United States is in recession and the country was "seriously off on the wrong track", according to a Los Angeles Times/Bloomberg poll released on Wednesday. For the first time sin ...

Dollar rises against yen amid carry-trades

Thursday, May 15th, 2008

The dollar rose against the yen and the Swiss franc on Wednesday as rising U.S. stocks boosted risky carry-trades. The U.S. Labor Department reported Wednesday that consumer prices edged up 0.2 percent last month, slightly lower tha ...

Focus on fighting inflation

Thursday, May 15th, 2008

China will give more attention to the problem of rising inflation, said a monetary policy report of the central bank yesterday. China's growth may slow in the first half of this year due to the global economic slowdown, but so far the ec ...

UN agencies, NGOs face security headache in east Chad

Thursday, May 15th, 2008

United Nations agencies and non-governmental organizations are increasingly forced to face the realities of a worsening security situation in eastern Chad where cases of humanitarian workers losing lives in robberies are not rare, according ...