BUSINESS

MANILA, PHILIPPINES - Resurgent global food prices, which posted record increases in the first two months of 2011, are again threatening to push millions of people in developing Asia into extreme poverty, says a new report from the Asian Development Bank (ADB) titled 'Global Food Price Inflation and Developing Asia'.

By Greg PeelThursday: The Dow rose 52 points or 0.4% while the S&P gained 0.5% to 1337 and the Nasdaq added 0.

Australia's proposed $230-million rare earths production facility in the Pahang state in Malaysia needs further environmental assessment, the Malaysian government said.

Thailand’s car companies implement steep production cutbacks for six weeks starting this week due to the shortage of parts from Japan that is now biting into their revenue position.

Holcim Philippines mulling over new cement plant

With the shortage of parts from Japan now biting into their revenue position, Thailand’s car companies have slated steep production cutbacks for six weeks starting this week.

A high-profile gathering of international donors gathered in Kiev last week and came up with $785 million or roughly €550 million for the construction of a steel shield for the ruined nuclear reactor at Chernobyl to prevent further radiation leaks in 100 years

Indonesian car makers posted total sales of 225,413 units in the first quarter of the year, with Astra Motors cornering more than half of the total

The world’s biggest carmaker has announced it will have a drastic cut in production at its factories in Japan and overseas as it continues to face a shortfall in supply of parts after a massive earthquake and tsunami hit Japan.

Canada’s Banro Corp. and China Gold International Resources Corp. have signed a MOU to pursue talks on a proposed joint venture partnership to develop gold mines in the Democratic Republic of Congo.

Staying focused on your daily work to meet deadlines is no mean feat for business owner Ms Kellie Hill, owner and principal consultant at Australia's KHC.

The Australian share market closed more than one per cent higher heading into the longer than usual Easter break, with gold and energy stocks outperforming the index after commodity prices climbed overnight. On Thursday, the benchmark S&P/ASX200 index was 54.8 points, or 1.13 per cent, higher at 4913.8 points, while the broader All Ordinaries index was 55.5 points, or 1.12 per cent, up 4995.7. On the ASX 24, the June share price index futures contract was up 59 points at 4925 points, with 28,383...

Philippine share prices closed mostly higher Wednesday as investors regained their bearing after the previous day’s jitters caused by the Standard & Poor’s downgrade of US bonds.

Philippine conglomerate San Miguel Corp. has raised $900 million in new capital from a public offering of common shares and convertible bonds to foreign investors

Australia is on track of an unprecedented mining boom, the country's Treasurer Wayne Swan in the Mining Weekly publications.

Brazilian steel maker Cia Siderurgica Nacional SA (CSN) has accepted Rio Tinto Ltd's $3.9-billion takeover offer for the Africa-focused coal miner Riversdale Mining Ltd.

Singapore's Tiger Airways' subsidiary in Australia has received a warning from the air safety regulator because of some concerns on its maintenance and flight trainings.

Existing home sales rose by a larger than expected 3.7pct in March. However the median home price fell 5.9pct in March. The inventory of existing homes for sales fell from 8.5 to 8.4 months worth.

- BHP quarterly production impacted by adverse weather- Reasonable result given conditions- No significant changes to earnings expectations- Brokers continue to see value at current levelsBy Chris ShawBHP Billiton ((BHP)) released its quarterly production report yesterday, a key feature being the im...

By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationThe second half of the 20th century saw the biggest increase in the world’s population in human history.

By John Browne, Euro Pacific CapitalIt is rare in recent history for precious metals to appreciate in parallel with the broader stock market.

By Greg PeelThe Dow rose 186 points or 1.5% while the S&P gained 1.4% to 1330 and the Nasdaq added a whopping 2.

Have no doubt; Coles Group continues to run rings around rival Woolies, no matter what anyone says.And yet the market only pushed Wesfarmers shares up 1.

The Aussie has run into some resistance around the US105 cent area and fell from this level during yesterday's domestic session.

The Australian share market closed sharply lower on Tuesday as investors fretted over Standard & Poor's (S&P) downgrade on its outlook for US sovereign debt. Stocks fell across the board.

Australia's Jetstar is preparing to file legal action against the Sydney Airport for its security lapse and causing flight delays and thousands of passengers stranded.

Budget airline Jetstar says it will seek damages after a Sydney Airport security lapse at Terminal 2 left thousands of its passengers stranded.

A rise in the Japanese and Australian stock futures characterize both economies as U.S. housing starts to upsurge and earnings of companies beat estimates.

Australia's natural gas assets are being targeted by China's national oil companies this year, according to energy consultancy firm Wood Mackenzie.