2010-10-31 Business news headlines around the world 

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   Headlines for ChannelNewsAsia, dated: 2010-10-31

Australia, Singapore PMs discuss stock markets merger
SYDNEY : Australian Prime Minister Julia Gillard urged critics of the planned merger between Singapore and Australia's stock exchanges not to seek to "disturb" current foreign investment laws.


   Airlines relish rebound after two lean years
PARIS : Commercial airlines in the United States, Europe and Asia are seeing a rebound in their financial fortunes, announcing profit spurts after two very lean years.

Fed set to apply new stimulus, question is how
WASHINGTON – Having tipped its hand, the Federal Reserve is likely to announce this week it will resume large-scale asset purchases to boost an economic recovery too weak to bring down high unemployment.

Hong Kong brokers' long lunch in the firing line
HONG KONG – Hong Kong's stockbrokers may soon have to wave farewell to three-course lunches at Michelin-starred restaurants and instead settle for a cold sandwich at their desks.

Japan Inc grapples with strong yen
TOKYO – Surging quarterly profits for Japan's top companies belie the threat posed by a strong yen, as the unit's rise prompts firms to shift production out of the country to stay competitive, say analysts.

Japan firms profit from emerging economy demand
TOKYO – Major Japanese companies boosted their profits in the July-September quarter, led by auto and consumer electronics makers exploiting growing demand in emerging market economies, a report said Sunday.

Film giant MGM secures bankruptcy rescue deal
NEW YORK : James Bond seems set to live another day after debt-ridden film giant MGM secured a deal to end months of financial deadlock, which put the latest 007 movie on ice along with the studio's fate.