Asia Pacific Economy

Euro

From Politics & Policy 3:56 pm

Global Losses From Greek Euro Zone Exit Could Reach €1 Trillion

The financial markets appear to have already priced in Greece’s departure from the euro bloc.

The Wheatstone and nearby Iago natural gas resources are located about 200km (124 miles) north of Onslow off Western Australia's Pilbara coast. The Julimar and Brunello fields will tie back to the central processing platform.

From Politics & Policy 1:03 pm

Japan's Tepco, Mitsubishi To Buy 10% Stake In Chevron Natural Gas Field

The Japanese government and local companies will buy a 10 percent stake in Chevron Corp. (CVX)'s Wheatstone natural gas field in Australia for 350 billion yen ($4.37 billion), Nikkei newspaper reported.

Elderly Greek villager

From Politics & Policy 9:27 am

Greece: Possible Expulsion From Euro Zone Would Raise Questions About ‘European’ Identity

Although Greece is considered the “cradle of Western Civilization,” the nation has had a vastly different history and trajectory from the dominant countries of Western Europe.

Greece

From Politics & Policy 9:03 am

Global Markets Signal Imminent Greek Departure From Euro Zone

Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.

Bombay Stock Exchange

From Economy 8:54 am

Rupee Sinks To Record Low; India's Finance Minister Pranab Mukherjee Says Austerity Needed

The rupee on Wednesday closed at a record low of 54.49 against the U.S. dollar, prompting calls for quick government measures to curb volatility.

Facebook

From Economy 8:49 am

Huge Demand Prompts Facebook To Sell More Shares In IPO

Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.

The Wheatstone and nearby Iago natural gas resources are located about 200km (124 miles) north of Onslow off Western Australia's Pilbara coast. The Julimar and Brunello fields will tie back to the central processing platform.

From Politics & Policy 6:29 am

LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B

The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion.

Australian Stock Exchange

From Politics & Policy 6:24 am

Australian Stock Market Report – Afternoon 5/16/2012

The Australian sharemarket lost ground for the second consecutive day, with the All Ordinaries Index (XAO) falling by 2.4 pct or 101.6 pts to 4214.7. Shares have fallen by around 5 pct so far this month and have significantly reduced the gains for the calendar year to just 2.5 pct.

A man walks past the BSE building in Mumbai

From Economy 5:18 am

Sensex Plummets Over 300 Points; Rupee Hits All-Time Low

The BSE Sensex plummeted more than 300 points, falling below the psychological 16,000 edge on Wednesday, for the first time in four months as global markets receded and the rupee breached 54.30 to the dollar to hit new life low.

An anti-nuclear protester holds a placard during a rally in front of the headquarters of Tokyo Electric Power Co. (TEPCO), operator of the tsunami-crippled Fukushima Daiichi nuclear power plant, in Tokyo March 11, 2012, to mark the first anniversary of th

From Politics & Policy 4:55 am

Over and Out for Japan's Nuclear Industry?

The Tokyo Electric Power Company (TEPCO), the owners of the Fukushima Daiichi Nuclear Power Plant devastated by the March 2011 Tohoku Earthquake and Tsunami, reported a net-loss of $9.7 billion for the full year ending 31 March 2012.