Bangkok gold price surges to record high amid Mideast tension, weaker dollars

Monday, July 14th, 2008

Gold price in Bangkok, one of the major gold market in Southeast Asia, has surged to a record high upon concerns over renewed Middle East tensions and the weakening U.S. dollar, Thai News Agency quoted an industry executive as saying Monda ...

Foreigners selling of S Korean stocks tops in Asia

Monday, July 14th, 2008

The South Korean stock market faced the greatest exodus of foreign capital in Asia in the first half of 2008 as foreign investors' worries over a global credit crunch and cost-push inflation deepens, the Korea Exchange (KRX) said Monday. ...

War epic "Red Cliff" declares opening victory in Asian market

Saturday, July 12th, 2008

"Red Cliff", reportedly Asia's most expensive ever film, gained 27 million yuan (3.91 million U.S. dollars) of box office on its first-day release, setting the highest record among homemade movies. The first of this two-part epic mo ...

Stressed bankers cool off on the ice

Friday, July 11th, 2008

The ice rink offered sweet release for Paul Ardire, an analyst at Deutsche Bank AG, as credit markets unraveled last autumn. Ardire straps on his skates twice a week as captain of two ice-hockey teams the bank sponsors at Chelsea Pie ...

IPhone 3G ready for global debut

Friday, July 11th, 2008

Apple will roll out its next-generation iPhone on Friday across 22 countries, it was reported on Thursday. Apple aims to position itself as a leading maker of pocket PCs at a pivotal moment in the worldwide smart-phone market, accor ...

Bernanke, Paulson call for new regulatory powers

Friday, July 11th, 2008

U.S. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson Thursday told Congress that regulators should gain greater powers in oversight of financial market. "Cooperation between the Fed and the SEC (Securities ...

BP calls for energy efficiency

Wednesday, July 9th, 2008

Energy efficiency and conservation have never been more important than now for China, which has a growing need for energy and faces rising oil prices on the international market, said BP Group Vice-President Gary Dirks yesterday. "Rising ...

EU finance ministers agree to publish weekly oil stocks data

Wednesday, July 9th, 2008

European Union (EU) finance ministers agreed on Tuesday to publish oil stocks data on weekly basis in an effort to improve market transparency in face of soaring oil prices. "We now have political agreement on improving transparency ...