Singapore Stock Blog

easyJet posts higher quarterly revenues
LONDON: British no-frills airline easyJet said Thursday that revenues climbed 17 percent in the first quarter of its financial year, boosted by rising passenger numbers, but forecast losses in the first half, citing a weak economic environment.

Australia airfare issue resolved, says AirAsia
KUALA LUMPUR: Asia's biggest budget carrier AirAsia said Thursday it has taken "corrective action" to resolve complaints in a lawsuit brought by Australian regulators over its online fare information.

Loss-making NEC to cut 10,000 jobs
TOKYO: Japanese electronics giant NEC said Thursday it would axe 10,000 jobs worldwide, as it announced losses for the past nine months had almost doubled.

Nintendo triples annual net loss forecast to US$837m
TOKYO: Game giant Nintendo said Thursday it expected to lose 65 billion yen ($837 million) this year, more than three times the amount it had earlier predicted.

Asian shares mixed after Fed rate announcement
HONG KONG: Asian markets were mixed on Thursday, with confidence following the US Federal Reserve's decision to hold interest rates at "exceptionally low levels" for at least two years offset by profit-taking.

Oil prices higher as US maintains low interest rates
SINGAPORE: Oil prices rose in Asia Thursday on news that the US Federal Reserve would keep interest rates low for at least two years to boost growth in the world's leading economy, analysts said.

South Korea's growth slows due to eurozone crisis
SEOUL: South Korea's economy grew at its slowest pace for two years in the final quarter of last year as Europe's debt crisis took its toll on exports and consumer spending, the central bank said Thursday.