Archive for June, 2008

Samsung Heavy wins US$1.5 bln container vessel order

Monday, June 30th, 2008 Samsung Heavy Industries Co. (KSE:010140), the world's second-largest shipyard, said today that it has received an order to build nine container vessels for 1.58 trillion won (US$1.5 billion).

G8 to ante up US$10 bln yearly to fund r&d on cutting emissions

Monday, June 30th, 2008 The Group of Eight industrialized nations will collectively invest more than US$10 billion a year on research and development of technology to combat climate change, such as storing carbon dioxide underground, The Nikkei learned Saturday.

Mobile phones no health risk, says German study

Monday, June 30th, 2008 One in four Germans who worry that mobile phones and their transmission towers are health hazards can now relax a little following studies coordinated by the Berlin-based Federal Office for Radiation Protection (BfS).

Daewoo Shipbuilding wins US$2.3 bln in orders in June

Monday, June 30th, 2008 The Daewoo Shipbuilding & Marine Engineering Co. (KSE:42660), the world's third-largest shipyard, said Sunday that it had won US$2.3 billion worth of orders this month to build 12 ships.

Baosteel, rivals open US$5.2 bln jv in South China

Monday, June 30th, 2008 The Baosteel Group, China's largest steel producer, on Saturday opened a 35.86 billion yuan ($US5.2 billion) joint venture with smaller rivals in the southern province of Guangdong.

Oil nears 142 dollars in Asian trade

Monday, June 30th, 2008 World oil prices closed in on 142 dollars in Asian trades Monday, pushed up by continued worries over supply and the weak US currency, dealers said.

Indonesian shares end morning firmer led by coal miners

Monday, June 30th, 2008 Indonesian shares finished the morning session firmer on Monday led by select coal miners and plantation stocks on the expectation that commodity prices will remain high in the coming months in line with high oil prices.

India and China propel internet audience growth in Asia-Pacific

Monday, June 30th, 2008

Taiwan banks start trading in Chinese currency

Monday, June 30th, 2008 Taiwan on Monday allowed its banks to trade in renminbi, the Chinese currency, to prepare for the arrival of Chinese tourists and to assist cross-strait trade.

Taiwan banks start trading in Chinese currency =

Monday, June 30th, 2008 Taiwan on Monday allowed its banks to trade in renminbi, the Chinese currency, to prepare for the arrival of Chinese tourists and to assist cross-strait trade.