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The latest headlines from the Asia-Pacific zone:
- Australia needs to become Asia Pacific financial hub: Swan (Australian Broadcasting Corporation)
As part of tonight’s Federal Budget, Treasurer Wayne Swan says he wants to make Australia a financial services hub for the Asia Pacific region. - Stocks Rise in Europe, Asia, Led by BA; U.S. Futures Advance (Bloomberg.com)
May 16 (Bloomberg) — Stocks in Europe and Asia rose on speculation earnings and takeovers will increase after British Airways Plc’s profit doubled, shipping rates climbed to a record and British Energy Group Plc attracted bids. U.S. index futures advanced. - Stocks in Europe, Asia Rise; U.S. Futures Are Little Changed (Bloomberg.com)
May 16 (Bloomberg) — Stocks in Europe and Asia rose as prospects for higher earnings lifted airlines and shipping companies, while utility British Energy Group Plc said it received bid proposals. U.S. index futures were little changed. - Merrill to Expand Wealth Management in Asia, Hire `Hundreds’ (Bloomberg.com)
May 15 (Bloomberg) — Merrill Lynch & Co., the world’s third-largest manager of money for the rich, plans to expand its private banking business in Asia and hire hundreds of people. - Asian markets rise as Wall Street extends gains (Nasdaq)
(RTTNews) - Stock markets across the Asia-Pacific region were trading higher Friday, after Wall Street extended gains overnight on the back of a pullback in oil prices and some mixed economic data. - Azure mulls second acquisition (Business Standard India)
After acquiring Southampton-based citizen finance mortgage (CFM), Ahmedabad’s Azure Knowledge Center is now looking for further integration. Eyeing the market research segment, the company has begun identifying research firms in Eastern Europe and Asia Pacific for an acquisition. - Stocks mixed in Europe as Asia stages late rally (International Herald Tribune)
Stocks were mixed in Europe and rose in Asia as BNP Paribas and EADS posted earnings that beat analysts’ estimates and mining shares rallied on takeover speculation. U.S. index futures were little changed. - Asian markets rise on Wall Street gains (Nasdaq)
(RTTNews) - Stock markets across the Asia-Pacific region were trading higher Thursday, after worries about U.S. inflation eased following smaller-than-expected increase in U.S. consumer prices in April and a pull back in crude oil prices. - Asia regains footing as Europe trades higher (International Herald Tribune)
Shares in the Asia-Pacific region recovered earlier losses Monday, with the Australian stock exchange rising 1 percent. In Europe, the FTSE 100, CAC 40 and DAX all gained. - STOCKS NEWS ASIA - Shares may rise as U.S. inflation worries ease (Reuters via Yahoo! India News)
SYDNEY (Reuters) - Asian shares may rise on Thursday, after worries about U.S. inflation eased and reassuring earnings from Macy’s Inc and Freddie Mac sent Wall Street higher.