Over the last 11 years, Asia’s IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia’s share of global IPOs has increased from 12% in 1999 to 66%. Mean…
Airbus SAS and Rolls-Royce Group launched an investigation into why an engine on a Qantas Airways (QUBSF) A380 exploded while the plane was in the air, forcing an emergency landing in Singapore.
Investigators from aviation authorities in France, Aust…
Qantas Airways (QUBSF) suspended all flights of Airbus A380s after one of its planes was forced to make an emergency landing following engine failure.
The A380 fleet will remain grounded “until we are confident that Qantas safety requirements have be…
Australia raised interest rates in a bid to control inflation amid an export boom.
The country’s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.
Booming demand for Australian minerals from Asian countries including China and South Korea has stoked Australian inflation.
“The risk of inflation rising again over the medium term…
Continue reading Australia Raises Interest Rates to Control Inflation
Australia Raises Interest Rates to Control Inflation originally appeared on DailyFinance on Tue, 02 Nov 2010 06:36:00.
Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).
The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.
The new company aims to compete with competitors such as the…
Continue reading Singapore Exchange to Buy ASX for $8.3 Billion
Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.
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