Asian markets, euro hit by Spain fears
HONG KONG: Asian markets fell for a second day and the euro sank to new lows Thursday as Spain's banking crisis threatened to spin out of control and force Madrid into a financial rescue.
Qantas dismisses Emirates buy-in talk
SYDNEY: Qantas Airways chief Alan Joyce on Thursday dismissed reports that it was considering selling a stake to Dubai airline Emirates.
Losses at India's crisis-hit Kingfisher Airlines triple
MUMBAI: India's cash-strapped Kingfisher Airlines said Thursday its net losses more than tripled in the fourth quarter from a year earlier, hit by high fuel prices and curtailed operations.
WTO warns of Asian protectionism threat
BANGKOK: The head of the World Trade Organisation on Thursday warned against growing Asian protectionism and said the region would not escape the impact of economic woes across the globe.
India reports weaker quarterly growth of 5.3%
NEW DELHI: India's economy grew just 5.3 per cent in January-March, its slowest pace in almost a decade, data showed Thursday, as a global slowdown, high interest rates and political deadlock take their toll.
Irish voters set to approve EU fiscal pact
DUBLIN: Ireland is to vote in a referendum on a key EU pact designed to shore up the troubled eurozone, amid signs that a clear majority will vote to approve it.
Australia and China eye joint farming plan
SYDNEY: Australia is seeking Chinese investment to develop farming land in its sprawling north in a joint bid to boost food security for the Asian giant's 1.3 billion citizens, reports said Thursday.
Oracle aims to dethrone IBM in business hardware
RANCHO PALOS VERDES, California: Oracle boss Larry Ellison has said he is out to dethrone IBM in the realm of business network hardware, including high-end computer servers.
Jeweller Graff postpones US$1b Hong Kong IPO
HONG KONG: High-end London-based jeweller Graff Diamonds says it has decided to delay its $1.0 billion initial public offering in Hong Kong next month due to "adverse market conditions".
Philippines economy grows 6.4% in Q1
MANILA: The Philippine economy grew 6.4 per cent in the first three months of the year, the government said Thursday, exceeding its own forecast.
Euro falls to two-year lows under pressure from Spain worries
TOKYO: The euro plumbed two-year lows in Asia on Thursday as nervous traders ditched the single currency for safer units, including the yen and dollar, amid worries over Spain's faltering bank sector.
Facebook underwriter Morgan Stanley defends IPO
NEW YORK: The chief executive of Morgan Stanley on Wednesday defended his company's lead role in the disastrous IPO of Facebook, which has lost investors billions of dollars.
Japan's industrial production up 0.2% in April
TOKYO: Japan's factory output growth came in at a slower-than-expected 0.2 per cent in April, official data showed Thursday, as the world's third-largest economy mounts a lumbering recovery.