Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.
Sectors
Switzerland is China's new trade partner
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Bond yield spike means 'prepare' - Investors
Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.
Asia's shipping industry offers opportunities for investors
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
Australia invests in Indonesia's cows
Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.
Latest News
A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.
The Iranian central bank has set the official dollar-to-riyal rate to 24,779. Iran's central bank has listed on its website on Saturday the new price of a dollar.
The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.
Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.
BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.
Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.
US municipal bond fund drop according to Lipper. According to Thomson Reuters' Lipper, the four-week moving average of US municipal bond funds remained negative at US$2.
Asian chipmakers were expected to earn more due to the increasing demand for gadgets. Asian chipmakers were set to take advantage on a major change in the unstable industry.
Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
