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Monthly Archives: February 2012
StanChart 2011 Earnings Up 10.7%, Matches Forecasts
Standard Chartered reported a market-matching 10.7 percent rise in 2011 pretax profit on Wednesday, a ninth consecutive year of record earnings as it continued to ride on the back of strong Asian economic growth. CNBC Asia Top News and Analysis
Greece Is Already in Default
Anastasios Economou, Founder at iGroup, believes Greece is already in default, adding that it has accumulated far too much debt that it is not in a position to pay. Squawk Box Asia: Latest Video
‘Big Four’ Auditors Brace for Big Changes in China
CNBC Asia Top News and Analysis
AXA Looks to Asia for Growth Amid Weak Results
Denis Duverne, Deputy CEO, AXA says the insurance giant invested $ 3.2 billion in 2011 to buy out minorities in Asia in a push to increase business in the region. Squawk Box Asia: Latest Video
HSBC Defends Rising Costs, Says Investing for Growth
HSBC’s Asia Pacific CEO Peter Wong says the company is investing for growth and defended increases in compensation after the bank’s 2011 earnings missed expectations on rising costs. CNBC Asia Top News and Analysis
HSBC Investing for Growth
Peter Wong, CEO, Asia Pacific at HSBC says the company is facing wage inflation but it is also seeing good momentum in terms of revenue in Asia. Squawk Box Asia: Latest Video
China to Be Largest Economy Before 2030: World Bank
China must relax its grip on industry and move towards a free-market economy, the World Bank said in a report that forecast the country would become the world’s largest economy before 2030. CNBC Asia Top News and Analysis
ECB Liquidity Fix Easing Tensions
Jimmy Koh, Executive Director, UOB, says the second round of low-interest financing for European banks, due this week, is helping to ease concerns surrounding the region’s debt crisis. Squawk Box Asia: Latest Video
Samsung Aims to Double Smartphone Sales in 2012
Samsung Electronics’ mobile chief said it aimed to nearly double its smartphone sales in 2012 from last year, stepping up its battle with arch rival Apple. CNBC Asia Top News and Analysis
Investing in Mongolia’s Mining Boom
Gan-Ochir Zunduisuren, CEO, Blue Sky Minerals and Otgonbat Sedbazar, Former Advisor to Mongolia’s Minister of Energy & Resources discuss the improving legal environment for foreign investors in Mongolia. Squawk Box Asia: Latest Video