InfoAnda - Fresh Greek debt woes send Asian markets down

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China PLA officer urges new Internet control agency | 22 February 2010
Military allows Twitter, other social media | | 27 February 2010
Indian parliament ends session without passing a bill | 14 December 2010

Sanofi seeking entry to Japan's generic drug market | 27 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : Fresh Greek debt woes send Asian markets down

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Fresh Greek debt woes send Asian markets down AFP - Friday, April 23 Send IM Story Print HONG KONG (AFP) - – Asian investors mostly sold up on Thursday as Greece's cost of borrowing hit record highs, raising fresh fears about other European Union nations' financial stability. As talks between Greece, the European Union, and IMF to discuss Athens' debt bailout got under way, the yen rose against the euro and dollar as dealers moved into less risky currencies, which in turn weighed on Japanese exporters. Tokyo was 1.27 percent, or 140.96 points, off at 10,949.09 and Sydney fell 0.95 percent, or 46.9 points, to end at 4,907.4. Some traders also moved in to take profits from the previous two days' gains. Under-fire Japanese car giant Toyota was also dealt a blow when ratings agency Moody's downgraded its credit rating, citing concerns over its "product quality." Greece needs about 10 billion euros within the next few weeks and about 30 billion euros in total for the rest of the year to pay its bills and allow it to press ahead with massive budget cuts and structural reforms. But the interest rate investors demand to hold Greek debt surged past 8.0 percent, well beyond levels Athens has said it can afford to pay. The dollar fell to 92.84 yen in Tokyo morning trade from 93.17 in New York late Wednesday. The euro slipped to 1.3380 dollars from 1.3387 and to 124.23 yen from 124.76. The yen has also been boosted by stocks' weakness across the region as dealers look for safer vehicles for their money. "Investors are worried about Greece, as well as other European Union nations' financial problems," Nikko Cordial Securities analyst Tsuyoshi Kawata told Dow Jones Newswires. And Barclays Capital analyst Yuki Sakasai said: "Markets have become more nervous about the negotiations... and the potential for contagion if these negotiations fall through." The government announced Thursday that exports tumbled at a record 17.1 percent last year as global trade was stunted by the financial crisis. However, Tokyo also said shipments rose for a fourth straight month in March as demand picked up in Asia for its cars, auto parts and microchips. Moody's said its Toyota downgrade "reflects the ongoing low level of profitability evident at Toyota, and which we expect to continue for an extended period". It added that the car maker's outlook was "negative." Toyota has been severely hit by the recall of around 10 million vehicles due to accelerator and brake defects that have been blamed for a number of deaths in the United States. The car maker ended down 1.5 percent Thursday. Other exporters were hit on a stronger yen. Sony fell 1.8 percent, Sharp was off 1.4 percent and Canon dropped 1.5 percent. Nissan Motor slipped 2.0 percent. Hong Kong and Shanghai were hit by concerns over moves by their governments to clamp down on property speculation, which is sending prices soaring on the mainland and in the southern city. Hong Kong ended 0.26 percent, or 55.99 points, lower at 21.454.94 after Financial Secretary John Tsang said he may raise the transaction tax on homes valued at or below 20 million Hong Kong dollars (2.60 million US). In February the city's government said it would raise stamp duty on homes valued at 20 million dollars or more. Shanghai fell 1.11 percent, or 33.79 points, to end at 2,999.48. Over the past week, the government has tightened restrictions on advance sales of new property developments, introduced curbs on loans for third home purchases, and raised the minimum down payment for second homes. Singapore was flat. Wall Street edged up just 0.07 percent despite upbeat corporate results, with aircraft maker Boeing posting a 15 percent loss in the first quarter, which was better than market expectations. And investment bank Morgan Stanley said it made a 1.8-billion-dollar profit in the first quarter of 2010, reversing losses from a year ago. Markets also had an eye on upcoming G20 talks in the United States, where a global tax on financial transactions and the Chinese yuan's peg to the dollar will likely be discussed. Oil was mixed, with New York's main contract, light sweet crude for delivery in June, down 21 cents at 83.47 dollars a barrel, while Brent North Sea crude for June was up seven cents to 85.77 dollars. Gold closed at 1,148.50-1,149.50 US dollars an ounce in Hong Kong, up from Wednesday's close of 1,143.00-1,144.00 dollars. In other markets: -- Singapore closed up 0.44 percent, or 13.04 points, at 2,980.69. Oil rig maker Keppel Corp climbed 33 cents to 9.97 dollars, bourse operator Singapore Exchange rose 20 cents to 8.27 and Singapore Airlines was unchanged at 15.32. -- Seoul closed 0.46 percent, or 8.06 points, lower at 1,739.52. -- Taipei closed down 0.15 percent, or 11.84 points, at 7,978.69. Taiwan Semiconductor Manufacturing Co fell 1.29 percent to 61.6 Taiwan dollars and United Microelectronics Corp was 0.62 percent lower at 16.25. -- Jakarta rose 0.47 percent, or 13.70 points, to 2,926.53. Energy company Medco Energi gained 5.3 percent to 3,000 rupiah, while Bank Negara Indonesia jumped 4.1 percent to 2,550 rupiah. -- Kuala Lumpur ended 0.25 percent, or 3.37 points, higher at 1,337.01. Semiconductor manufacturer Unisem rose 5.80 percent to 3.31 ringgit, construction firm WCT gained 5.20 percent to 3.06 while car assembler Tan Chong shed 1.7 percent to 4.59. -- Manila rose 1.03 percent, or 33.10 points, to 3,237.57. Officials announced earlier that the IMF had raised its forecast for the country's economic growth this year to 3.6 percent on signs of an improving investment environment. Philippine Long Distance Telephone Co. gained 0.20 percent to 2,445 pesos while Banco de Oro Unibank rose 1.22 percent to 41.50 pesos. -- Wellington dropped 0.53 percent, or 17.51 points, to 3,287.46. Fletcher Building fell 1.1 percent to 8.43 New Zealand dollars and jeweller Michael Hill shed 1.4 percent to 73 cents, but Telecom added 1.4 percent to 2.18 dollars. -- Bangkok rose 0.44 percent, or 3.33 points, to close at 761.18. Coal producer Banpu gained 4.00 baht to 626.00 baht, and PTT Plc rose 1.00 baht to 256.00 baht. -- Mumbai closed up 0.58 percent, or 101.43 points, at 17,573.99. State Bank of India rose 5.58 percent to 2,222.65 rupees while Reliance Industries rose 2.03 percent to 1,075.55. Recommend Send IM Story Print Related Articles Australia rules out corruption probe after BHP revelation AFP - 26 minutes ago China COSCO 2009 net loss 7.54 bln yuan Reuters - 35 minutes ago Economic signs show recovery, point to low rates Reuters - 35 minutes ago China forex bill has high US Senate support-author Reuters - 35 minutes ago Japan finmin plays down fiscal worries Reuters - 35 minutes ago News Search Top Stories Greece hit by widening deficit, ratings downgrade Obama makes defining pitch for finance reform At least 45 wounded in Bangkok blasts: hospital Airlines want compensation as Europe's skies reopen Deficit slide plunges Greece deeper into turmoil More Top Stories » Most Popular Most Viewed Most Recommended Apple engineer loses iPhone prototype Iceland turns to jokes -- and soul-searching Airlines want compensation as Europe's skies reopen Former IOC chief Juan Antonio Samaranch dead at 89 Airlines lost '$1.7 bln' from ash chaos More Most Viewed » Apple engineer loses iPhone prototype Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 22 April 2010
NATO ministers to meet on Afghan trainers, nuclear policy
Ukraine extends Russia naval base lease for 25 years
Turkish soldier killed, another hurt, in blast
eBay founder's online Hawaii news service launches
Former IOC chief Juan Antonio Samaranch dead at 89
Greece races to finalise aid deal by May 15
Afghanistan 'peace jirga' delayed until end of May
Greek debt costs soar at start of EU/IMF talks |
Visa buying CyberSource for two billion dollars
Turkey in transition seeks closure on troubled past
Global recovery patchy but quicker than expected: IMF
Russia, Ukraine extend Black Sea fleet lease
Inventors float novelties at Geneva fair
American Airlines Parent, AMR, Posts $505 Million Q1 Loss
International anti-counterfeit plans published, EU reassures
50 years on, Brazil's utopian capital faces reality |
Mo'Nique Upset About Oprah's Interview With Sexually Abusive Brother
Apple shares hit record high, slides
Police battle Bosnians protesting IMF-imposed cuts |
McDonald's Q1 Profit Tops Estimates On Strong Global Sales
Florida Police Search For Man; Found Napping
1 Dead, 3 Survive Fishing Vessel Sinking In Gulf of Alaska
Wells Fargo Q1 Profit Dips On Credit Costs
U.S. warns Syria again on alleged Scud transfers |
Josh Groban, Olivia Newton-John Guest Star On "Glee" Finale
Justin Bieber Holds #1 For Third Week On Billboard Albums Chart With "My World 2.0"
Patriot battery seen in Poland late May |
Men Who Tunneled Into Medical-Marijuana Dispensary Arrested
Bomb-hit India fights to secure major sports events |
EADS To Bid For Pentagon Tanker Contract; Seeks U.S. Partner
Missing found after Gulf of Mexico oil rig blast: report
Cargo plane crashes in the Philippines; 3 dead
6.2-magnitude earthquake strikes Samoa
Cargo plane crashes in the Philippines; 3 missing
Antonov aircraft crashes in Philippines; 3 missing
Facebook's Zuckerberg says site use increasing |
Tibetan monks ordered out of China's quake zone
Popular ex-minister quits Japan's main opposition party
Sri Lankan president tightens grip on power
Target to carry Kindle at stores in late April |
Indian guru arrested over sex scandal: police
IMF backs stronger Chinese currency as Asia powers ahead
AmEx to issue travelers checks in Chinese yuan
Day of mourning for China's earthquake victims
Sotheby's to auction manuscript by America's Mark Twain
Irish top Europe's binge drinking chart: EU survey
US-ENTERTAINMENT Summary
Weller on course for 6th no.1 album in UK charts
Iceland turns to jokes -- and soul-searching
Japan says 'sayonara' to Tokyo's kabuki theatre
Russia bans texts by Scientology founder
France to ban full Islamic veil from public spaces
Police Pinch Lady Claiming Lost Purse Containing Cocaine
Florida Police Search For Man; Found Napping
Men Who Tunneled Into Medical-Marijuana Dispensary Arrested
Muslim group issues warning to South Park show |
Green Day musical no time of your life: critics |
Billy Joel, ex-drummer settle royalty lawsuit |
Weller on course for 6th no.1 album in UK charts |
Iran Guards start three-day military exercise
Deutsche Bahn buys Britain's Arriva for 1.585 bln GBP
Rogue McAfee update paralyzes PCs worldwide
Ahmadinejad plans exodus to avert Iran quake disaster
Building up Afghan capacity seen as key challenge |
Facebook seeks to spread across Internet
NATO ministers meet on Afghan trainers, nuclear policy
Blocking single gene 'aids spinal cord injuries'
China military paper spells out nuclear arms stance |
UN launches website to track Haiti aid use
Obama Syria outreach under fire amid Scud reports
Airlines want compensation as Europe's skies reopen
Kindle to be sold in Target stores in first for Amazon
GM has repaid all government loans: CEO
US-TECH Summary
Ahmadinejad plans exodus to avert quake disaster |
Target to carry Kindle at stores in late April
Option of striking Iran never off the table: Pentagon |
Fast-growing Facebook aims for more social Web
North Korea torpedoed South's navy ship: report |
Kyrgyzstan to hold election on Oct 10 |
Bill Gates and Geithner to launch agri-fund for poor |
Tension deepens in Bangkok, fears unrest may spread |
New warnings for tourists in New Delhi
Microsoft charters flights for stranded workers |
China GoMe tycoon goes on trial for graft
Building up Afghan capacity seen as key challenge
Challenge to IPCC's Bangladesh climate predictions
Snow the latest challenge in China quake recovery
11 missing after Gulf of Mexico oil rig blast
Foot-and-mouth spreads on mainland S.Korea
Anger rises against Red Shirt protests in Bangkok
US warns Syria over 'supplying' missiles to Hezbollah
Gales and snow hit China's quake zone
U.S.'s Geithner, Bill Gates to launch agri-fund for poor
Sri Lanka former army chief demands 'rule of law'
Sri Lanka's former army chief demands freedom
North Korea torpedoed South's navy ship
Moody's lowers Toyota debt rating
Privacy chiefs keep watch over Facebook |
Japan exports recover after record fall
Brazil tops world asking Google to remove content |
Hyundai Motor's Q1 net profit hits record high
China puts appliance tycoon on trial
Seoul shares slip; Hynix, Hyundai Motor advance
S.Korea spotted buying dlrs to stem won's rise-traders
Japan's exports rise for 4th straight month
S.Korea's Samsung Heavy wins major order
Hyundai Motor's Q! net profit hits record high
Himalayan trail takes trekkers across top of world
Hyundai Heavy 1st-quarter net profit hits record
'Cove' director defiant of base ban, harassment
"South Park" airs censored episode after threat
Commercial paradigm brings inventors down to earth
Ogre "Shrek" looms in 3D to open Tribeca festival
Tim Urban out as "Idol" raises millions for charity
Weinsteins, Burkle continue exclusive talks with Disney
'South Park' creators draw radical Muslim ire
No drug role in suicide of Marie Osmond's son: officials
South Park airs censored episode after threat |
Ogre Shrek looms in 3D to open Tribeca festival |
Tim Urban out as Idol raises millions for charity |
Patti Smith rescued from penury by song royalties |
No drug role in suicide of Marie Osmond's son: officials |
We still don't know Jack, despite Pacino's efforts |
Weinsteins, Burkle continue exclusive talks with Disney |
Networks blasted for shunning plus-sized models |
Lisa Ray -- cancer-free and ready to re-embrace India |
New Afghan elections chief sworn in
UK Catholic Church apologises for abuse scandal
German bishop tenders resignation to pope
Armenia halts ratification of Turkey peace deal
Greece plunges deeper into debt turmoil
Study launched on health impact from mobile phones
Iran tests speed boats in major Gulf war games |
Greek 2009 deficit surges to 13.6% of GDP: EU
Jordan confirms blast near Israeli city
Japan eyes 'mind-reading' devices, robots 'by 2020'
European flights back to normal Thursday |
Obama says US economy doomed without finance reform
Rockets fired at Israel fall in Jordan
Sony brings streaming baseball games to PS3 console
Obama urges Wall Street to back finance reform
Rockets fired at Israel fall in Jordan: source |
U.S. Mideast envoy launching new mission
Belgium, France, move against full Islamic veil
Nokia slashes prices, to delay new software
Bomb halts Iraq-Turkey oil pipeline flow
Goldman chief says US charges are political: report
Privacy chiefs keep watch over Facebook
France wants to apply burqa ban to tourists |
Iran tests speed boats in "major" Gulf war games
ICC prosecutor seeks ruling against Sudan over warrants
Riding surge in support, UK's third party in spotlight |
Two rockets fall near Israeli city of Eilat: TV
Pakistani troops kill 20 Taliban in Orakzai |
Study launched on health impact from mobile phones
Armenia halts ratification of Turkey peace deal |
Sony brings streaming baseball games to PS3 console
Nokia slashes prices, to delay new software
Belgian government collapses, economy at risk |
Iran president on controversial visit to Zimbabwe |
Thai army threatens new crackdown on protesters
Bristol Palin: Hacked e-mail meant harassing calls
Cigarette sponsor pulled from Kelly Clarkson show
Pakistan announces measures to save energy
3 Kashmiris sentenced to death for India bomb
Motorcyclist deaths drop, sour economy cited
Series of grenade blasts wound 50 in Bangkok
Sri Lanka's Fonseka says govt trying to silence him
New animal species discovered in Borneo
Defector accuses N.Korea over S.Korea ship blast
China to punish those who dumped babies at river
S.Korean warship 'hit by N.Korean torpedo'
Sony brings streaming baseball games to PS3 console |
Hyundai Heavy 1st-quarter net profit hits record
Study launched on health impact from mobile phones |
Pakistani stocks rise; rupee firms; o/n rates down
Pakistan's forex reserves flat at $15.05 bln
Pakistan's budget deficit to overshoot target
Nokia slashes prices, to delay new software |
Hyundai Motor's Q1 net profit hits record high
"Shrek" series finally ends with tired 3D outing
Fresh Greek debt woes send Asian markets down
Cartoon Network reviving "Looney Tunes"
LG Display turns Q1 profit as sales, prices gain
"The Losers" an action film for ADD sufferers
Moody's lowers Toyota debt rating
Kelly Clarkson flies into smoke storm
Moody's downgrades Toyota credit rating
Don't blame sports stars for young fans boozing: study
US, China announce anti-dumping steps
Lebanon's 'Shankaboot' brings Arab drama online
Indonesian workers protest against foreign manager
Patti Smith rescued from penury by song royalties
Kelly Clarkson refuses to cancel Indonesia concert
Film fetes small steps to address climate change |
Kelly Clarkson flies into smoke storm |
Punk pioneer McLaren to be buried in London |
Cartoon Network reviving Looney Tunes |
The Losers an action film for ADD sufferers |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01