http://www.channelnewsasia.com Latest Channel NewsAsia Business News http://www.channelnewsasia.com/images_v1/top_mcnilogo.gif http://www.channelnewsasia.com 129 137 2008 MediaCorp Pte Ltd. All rights reserved. en-us Tue, 09 Feb 2010 16:00:00 GMT www.channelnewsasia.com http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1036534/1/.html SYDNEY: Mining giant BHP Billiton on Wednesday said first-half profits had more than doubled to US$6.14 billion, but it remained cautious about the economic outlook. AFP Asia Pacific Business Tue, 09 Feb 2010 23:25:46 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1036530/1/.html WASHINGTON: Chinese Web search giant Baidu, which stands to potentially benefit if Google pulls out of China, posted a nearly 50 per cent increase in quarterly net profit on Tuesday on sharply higher revenue. AFP Asia Pacific Business Tue, 09 Feb 2010 23:07:37 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1036517/1/.html NEW YORK: US stocks snapped back on Tuesday from heavy losses a day earlier as financial market tensions eased along with fears over the eurozone debt crisis. AFP World Business Tue, 09 Feb 2010 21:43:42 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1036512/1/.html NEW YORK: Oil prices rebounded on Tuesday as the US dollar weakened against the euro on whetted risk appetite, making crude cheaper for buyers using stronger currencies. AFP World Business Tue, 09 Feb 2010 20:57:21 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1036467/1/.html TAIPEI: Taiwan's President Ma Ying-jeou said on Tuesday that the island needs a proposed trade pact with China despite warnings that Taipei would become more reliant on its powerful neighbour. AFP Asia Pacific Business Tue, 09 Feb 2010 19:02:59 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1036468/1/.html KUALA LUMPUR: Malaysia's top lender Maybank said on Tuesday its fiscal second-quarter net profit rose 35 percent from a year earlier, helped by higher loans growth and non-interest income as the economy improves. AFP Asia Pacific Business Tue, 09 Feb 2010 18:33:44 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1036462/1/.html TOKYO: Toyota said on Tuesday it was recalling hundreds of thousands of hybrid vehicles globally, including the best-selling Prius, plunging it deeper into crisis as lawsuits in the United States piled up. AFP World Business Tue, 09 Feb 2010 18:24:25 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1036463/1/.html ZURICH: Troubled Swiss bank UBS said Tuesday it had jumped back into quarterly profit for the first time in more than a year even though it was still grappling with a damaging loss of client confidence. AFP World Business Tue, 09 Feb 2010 18:01:22 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1036459/1/.html LONDON: Barclays bank chief executive John Varley on Tuesday said that too much new red tape in the banking sector could increase the cost of credit and adversely affect the economy. AFP World Business Tue, 09 Feb 2010 16:02:16 GMT