Who said effect of European debt crisis is over, as Asian stocks witnessed decline due to the crisis, with authorities not reaching consensus to find way to control the effect of the crisis. The decline is the lowest for Asian markets since last two years.
It has been informed that for few months the Royal Dutch Shell, a Singapore refinery, would remain closed. It has further been revealed that after reopening the company might not be able to meet with its commitments.
Recent reports have revealed that the best results of Force India were seen, as drivers Adrian Sutil and Paul di Resta finished at eight and sixth positions, respectively, at the Formula One Singapore Grand Prix.
It was also reported that Sebastian Vettel from Red Bulls, closed in at the first position, this being his ninth win of the year and it shows why he had claimed world title.
Despite economic worries and woes worldwide, Hyundai Motor India gives some good news.
The country’s second-largest carmaker in its report of today stated that the company has earned 12.4 percent increase in its total sales in September to 57, 808 units.
The company’s sales in the last year were 51,444 units, confirmed by Hyundai Motor India Ltd (HMIL) in its statement.
London Metal Exchange (LME) was the focal point of London Stock Exchange Group PLC and Singapore Exchange Ltd. (SGX) as they have been in negotiations regarding the mutual bid of LME.
LME has notified that a large number of Suitors have been approaching it and it will soon initiate with the review plan and would opt out the best one. The bid is expected to go beyond £1 billion ($1.56 billion).
Toshiba Corporation from Japan has declared that it will merge with Amkor Technology Inc to intensify the operations of its Malaysia chip assembly unit. This deal is likely to be of worth more than several billions of yen.
The recent space station launch by China is being observed as the first move to beat US in the field of space. So far, the US has been the ruler in the field of space worldwide for more than 40 years.
Even China could not protect itself from the harsh blow of the declaimed global economy, which has witnessed inflation in the industrial sector. China is the second strongest economic nation in the worlds met downfall for the third time in the month of September.
In a strategic move, India's biggest gas transportation firm, GAIL (India) Ltd, has managed to sign a deal for 20% interest in Houston-based Carrizo Oil & Gas Inc.'s Eagle Shale Ford acreage, which affirms company’s first ever shale gas asset in the US.
Is there any near end to the long running euro-zone debt crisis? Well that’s what every market expert must be pondering as the markets across the world are getting affected by the turn of events in the European Union so often now.