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(MENAFN - AFP) Asian stock markets retreated Wednesday, with airlines taking a hit as dealers fret over increased geopolitical tensions following the downing of a Russian jet by Turkey.

Already delicate nerves were frayed on trading floors Tuesday after Turkey shot down the Russian war plane on the Syrian border. The incident sent shares in Europe tumbling and oil surging ...

(MENAFN - AFP) Singapore's economic growth will dip to "close to 2.0 percent" this year after the city-state avoided a technical recession, the government said Wednesday, with a potential further slowdown seen in 2016.

The decline from a growth rate of 2.9 percent in 2014 reflects the impact on Asia of slowing demand for its exports from major world economies including the ...

(MENAFN - AFP) A Japanese rocket lifted off Tuesday and successfully put the national space programme's first commercial satellite into orbit, officials said, as Tokyo tries to enter a business dominated by European and Russian companies.

The Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries oversaw the launch from Tanegashima Space Center in southwest Japan.

The ...

(MENAFN - AFP) An Australia-led consortium of investment funds from Canada and the Middle East won the bid for electricity transmission network TransGrid Wednesday, beating a Chinese challenger in a deal worth Aus$10 billion (US$7.3 billion).

China's State Grid was considered a frontrunner but the New South Wales state government said the strongest bid belonged to the locally ...

(MENAFN - AFP) Britain's finance minister will on Wednesday unveil budgets for government departments over the next five years, in a spending review expected to herald further austerity measures and bitter recriminations.

George Osborne, a possible successor to Prime Minister David Cameron and his de facto deputy, is aiming to eliminate Britain's budget deficit and run a ...

(MENAFN - AFP) It's the land of the free and Americans don't like Nazi insignia laid over the stars and stripes. Nor do they want to sit on it.

A furious backlash has prompted Amazon to pull ads for a television show that featured the Nazi German eagle and Imperial Japan's rising sun on the New York subway.

The Metropolitan Transportation Authority allowed the company ...

(MENAFN - AFP) Heightened terror fears battered tourism sector stocks Tuesday, with airlines especially affected after Washington issued a travel warning and Turkey shot down a Russian warplane.

Shares in airlines as well as in travel and hotel groups slid after the United States issued a worldwide travel alert for its citizens on Monday.

Russia meanwhile confirmed ...

(MENAFN - AFP) US consumers turned markedly less confident in the economy in November -- both in its current and future conditions -- as they viewed prospects in the job market dimming, a report showed Tuesday.

The Conference Board said its Consumer Confidence Index dropped to 90.4 in November, its weakest level of the year, after falling to a revised 99.1 in October from ...

(MENAFN - AFP) Swiss food giant Nestle vowed Tuesday to stamp out any forced labour used in its supply chain in Thailand, after a probe confirmed workers were toiling in slave-like conditions to catch and process fish for Nestle products.

"Nestle is committed to eliminating forced labour in our seafood supply chain in Thailand," executive vice president of operations Magdi ...

(MENAFN - AFP) A nationwide strike by construction workers in Panama on Tuesday stalled already delayed work on expanding the Panama Canal, a union leader said.

"The strike is successful across all the country. More than 90 percent of worksites are paralyzed, among them the Panama Canal expansion," Saul Mendez, secretary general of the SUNTRACS union told AFP.

The union, ...

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