Thailand’s economy fell into recession following a contraction in the past two consecutive quarters, as strong baht and a weak global demand hit the country’s exports.
In Bangkok, on Sunday, a debate was brewing as scores of people gathered to condole the death of more than 2,000 young souls. They placed milk, baby clothes and toys at the morgue of a Buddhist temple where foetuses were found hidden in plastic bags last week. The morgue at the now detested Wat Phai Ngern, is to be demolished next week after a cleansing ritual. The traditionally orthodox Buddhist country, had ruled out abortion on morals grounds.
Rubber futures rallied on Tokyo Commodity Exchange (TOCOM) on Friday, on expectations China may top off its stocks and on continued supply concerns.
ASEAN countries are seeking foreign direct investments -- especially those from OECD countries -- to power their economic growth.
Rubber recovered most of the losses it suffered on China rate hike fears, partly helped by a broadly weak US dollar and speculative buying interest on the commodity. The benchmark April futures on Tokyo Commodity Exchange settled Thursday at 369.2 yen per kilogram, 7.1 yen up on the day and nearly 4.5 percent higher from Wednesday's close.
Storied Russian arms dealer Viktor Bout, who faces trial in the U.S. for plotting to kill Americans by making weapons available to terror outfits, was extradited to the U.S. on Tuesday, almost three months after a Thai court overturned his plea contesting an earlier extradition verdict.
Tata Steel, the world's seventh largest steel company, has said its consolidated net profit after tax increased 8.5 percent to 19.79 billion rupees ($440 million) for the second quarter higher than the profit of 18.25 billion rupees ($406 million) in Q1 FY’11.
The next time you decide to light up a smoke, you may be greeted by an image of a cancer patient or even worse, a corpse, thanks to the U.S. Food and Drug Administration's (FDA) decision to put graphical warning labels on cigarette packs.
Italian shoe designer Salvatore Ferragamo presented its Spring 2011 Collection at the 9th Annual Celebration of Dreams held under the aegis of Dream Foundation in California last Saturday.
A new research study provided insights into how the poor people in four Thailand provinces increased their net worth and pull out of poverty. Poor people in developing countries who used their existing assets most productively were more successful at pulling themselves out of poverty.
The Group of 20 (G20) leaders in Seoul could not thrash out any agreement on contentious forex and currency issues though talks ran through past midnight on Wednesday, said a spokesman at the summit media hall on Thursday morning.
Even as your contemporaries sail to the Caribbean to celebrate to Christmas, you take a different course.
Honda Motor Co will overhaul its sourcing strategy by ditching its one-spec-fits-all method on global car models to better compete with Hyundai Motor and others in emerging markets, an executive said on Tuesday.
World's leading hotel group Hilton Hotels & Resorts has been named as the top hotel brand in Asia for the year 2010 for the second consecutive year by global research company Taylor Nelson Sofres (TNS), in conjunction with one of the region's leading media, marketing and advertising publications, Media. This is the second consecutive year Hilton clinched the title since the study's Travel & Leisu...
Ford Motor Co, which owns 11 percent of Mazda Motor Corp, has not yet fully discussed its long-term relationship with the Japanese automaker but is pleased with the current setup, a top Ford executive said on Thursday.
Gold prices were slightly firmer on Thursday, and could stay on the rise as global economic prospects remain shaky with investors watching for more jobs data out of the United States.
At least four retailers from Europe and Asia are poised to submit first-round bids for Carrefour SA's roughly $1 billion (650 million pounds)-worth of Southeast Asian assets on Wednesday, sources said, showing robust demand for the retail operations.
Retailers from Europe and Southeast Asia are expected to submit bids for Carrefour SA's roughly $1 billion (650 million pounds)-worth of Asian assets, with first-round offers due on Wednesday, sources said, in what is turning out to be a robust auction.
Thousands of people are putting their health and life savings at risk to travel to private clinics around the world for unproven and potentially dangerous stem cell treatments, British experts said on Tuesday.
As part of its rice recovery scheme, Philippines is to produce at least 500,000 metric tons of paddy rice to narrow the expected production shortfall of unmilled rice. Country's Agriculture ministry is in the process of validating its figures with the budget for its rice recovery plan during the wet cropping season.
Anticipating excessive palm oil production this year, Thailand is considering increasing palm oil use in fuel. According to Thai Oil Palm and Palm Oil Association, palm production in the country this year is forecast at 1.5 million tones, and the industry has an additional 200,000 tones in producers' stockpiles.
Two-thirds of Japanese companies expect the yen's strength to squeeze profits and 40 percent will shift production overseas if the currency remains near a 15-year high on the dollar, a government survey showed on Friday.
