Business News

China shares extend losses despite better CPI data Posted: 12 Aug 2008 03:16 AM CDT SHANGHAI, China (AP) _ Chinese stocks lost further ground Tuesday, slipping to their lowest close in 19 months as a sharp improvement in consumer price data failed to ease pessimism over the economic outlook.

GLOBAL MARKETS - Economy worries boost dollar, hit commodities Posted: 12 Aug 2008 02:57 AM CDT By Jeremy Gaunt, European Investment Correspondent

Japanese stocks fall on profit-taking, China fears Posted: 12 Aug 2008 02:53 AM CDT TOKYO (AP) _ Japanese shares fell on profit-taking Tuesday following two straight sessions of gains.

Factory output rebounds in June, worries persist Posted: 12 Aug 2008 02:52 AM CDT NEW DELHI (Reuters) - India's factory output grew a better-than-expected 5.4 percent in June from a year earlier, rebounding from an upwardly revised 4.1 in May, but analysts said tight monetary policy and higher costs were hurting.

Personal loan defaults tad up in ABN Amro India ops Posted: 12 Aug 2008 02:47 AM CDT MUMBAI (Reuters) - There has been a slight rise in personal loan delinquencies in ABN Amro's Indian operation, the bank's India country executive, Meera Sanyal, told reporters on the sidelines of an industry conference on Tuesday.

India shares extend losses to 2 pct on day Posted: 12 Aug 2008 02:40 AM CDT BANGALORE (Reuters) - Indian shares extended losses to 2 percent on Tuesday, led lower by ICICI Bank and Infosys Technologies, as investors booked gains after a rise in the main index in recent sessions.

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