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Wednesday, February 25, 2015
World stocks were mostly higher and the dollar strengthened Tuesday as investors awaited remarks from U.S. Federal Reserve Chair Janet Yellen and the Greek government prepared to unveil reforms aimed at winning final approval for extended rescue loans.
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The euro held steady Tuesday as traders awaited a Greek government reform package critical to winning a four-month extension of its huge international bailout — and avoiding a disastrous default.
Oil turned lower in Asia Tuesday as a feeble rebound failed to take hold, with prices under pressure in an oversupplied market.
Irish airline and takeover target Aer Lingus sank into a net loss in 2014 on the back of one-off pension and staff restructuring costs, it said Tuesday.
Tuesday, February 24, 2015
With the government set to launch phase-two water rationing on Thursday, electronics, chemical, base metal, textile, petrochemical, and pulp and paper industries will be the hardest hit, according to the Ministry of Economic Affairs (MOEA).
 > Taiwan
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As the stock market re-opens today after Lunar New Year, foreign institutions expressed optimism over the market's performance in the new year, predicting the index will hit close to the 10,000-point mark.
 > Taiwan
Honda to replace president following airbag fiasco
Honda Motor Co., the Japanese automaker at the center of an air-bag defect scandal, said Monday its president Takanobu Ito will step aside and be replaced by another Honda executive.
Canadian drugmaker Valeant Pharmaceuticals International Inc. has agreed to buy Salix Pharmaceuticals Ltd. for about US$10 billion in cash. The companies said Sunday that their boards of directors approved the transaction, which amounts to about US$158 for each of Salix's outstanding shares.
Japan's All Nippon Airways on Monday announced plans to help turn around bankrupt Skymark Airlines, reportedly joining a string of other firms offering a lifeline to the struggling carrier.
France's nuclear group Areva said Monday its provisional net losses in 2014 widened to 4.9 billion euros (US$$5.6 billion) after it was forced to absorb costs linked to project delays.
  
  
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