http://www.channelnewsasia.com Latest Channel NewsAsia Business News http://www.channelnewsasia.com/images_v1/top_mcnilogo.gif http://www.channelnewsasia.com 129 137 2012 MediaCorp Pte Ltd. All rights reserved. en-us Wed, 08 Feb 2012 16:00:00 GMT www.channelnewsasia.com http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1181948/1/.html HONG KONG : Asian markets were mixed Thursday after marathon talks over Greece's massive debt ended without firm agreement and as China's annual inflation rate hit a three-month high. AFP Asia Pacific Business Thu, 09 Feb 2012 08:47:05 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1181939/1/.html BEIJING: Chinese online commerce giant Alibaba plans to borrow $3 billion to buy back the stake Yahoo! owns in the company, a report said Thursday, as the struggling US Internet firm overhauls its Asia holdings. AFP Asia Pacific Business Thu, 09 Feb 2012 08:33:20 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181903/1/.html ATHENS: Greek leaders Thursday fell short of striking a deal on austerity cuts ahead of crucial eurozone talks, jeopardising chances of winning a new bailout package and averting a disastrous debt default. AFP World Business Thu, 09 Feb 2012 06:10:42 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1181869/1/.html SEOUL: South Korea's central bank Thursday froze its key interest rate for the eighth straight month, amid competing pressures from a cooling economy and high inflation expectations. AFP Asia Pacific Business Thu, 09 Feb 2012 02:29:26 GMT http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1181867/1/.html BEIJING: China's annual inflation rate hit 4.5 per cent in January, the highest level in three months, official data showed Thursday, as the Chinese Lunar New Year holiday boosted consumer prices. AFP Asia Pacific Business Thu, 09 Feb 2012 02:05:59 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181859/1/.html NEW YORK: The euro was flat against the dollar Wednesday as Greek leaders pored over a "final deal" for a debt restructuring and ahead of policy meetings in the European Central Bank and Bank of England. AFP World Business Thu, 09 Feb 2012 00:08:04 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181858/1/.html ATHENS: Greek government coalition leaders ended lengthy talks on austerity measures Wednesday, with one remaining point of disagreement, the prime minister's office said. AFP World Business Thu, 09 Feb 2012 00:05:08 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181844/1/.html NEW YORK: US stocks pared losses and drifted slightly higher Wednesday as investors cautiously awaited the outcome of last-ditch negotiations to prevent a Greek debt default. AFP World Business Wed, 08 Feb 2012 22:15:35 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181836/1/.html NEW YORK: News Corp. posted a sharp rise in quarterly net profit Wednesday as strong television and film growth offset declines in publishing and an $87 million charge related to the phone-hacking scandal in Britain. AFP World Business Wed, 08 Feb 2012 21:40:44 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181830/1/.html NEW YORK: Oil prices closed slightly higher in New York Friday despite weak demand in the United States, lifted by a rebound of London's Brent amid severe cold weather in Europe. AFP World Business Wed, 08 Feb 2012 21:14:53 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181808/1/.html PARIS: French flag-carrier Air France warned that it would cancel 35 percent of its long-haul flights and 25 percent of shorter journeys Thursday as an aviation workers' strike went on for a fourth day. AFP World Business Wed, 08 Feb 2012 18:40:15 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181802/1/.html ATHENS: Greece's coalition leaders on Wednesday met Prime Minister Lucas Papademos for a final round of talks on radical budget cuts and a debt deal to avert default. AFP World Business Wed, 08 Feb 2012 17:50:23 GMT http://www.channelnewsasia.com/stories/afp_world_business/view/1181788/1/.html WASHINGTON: Amazon announced a deal with entertainment giant Viacom on Wednesday, building up its arsenal of television shows as it takes on video streaming market leader Netflix. AFP World Business Wed, 08 Feb 2012 16:07:09 GMT