Saturday, February 21, 2009

Business Update: Asia bank jitters


Business Update: Asia bank jitters

Feb 20 -Growing worries over the extent depth of the U.S. recession and fears it may nationalise banks caused financial stocks to slump, but ANZ said it was bargain hunting in Asia.

* RBS to sell Asia and US operations

* Hyundai to expand incentive plan

* Japan's monopoly watchdog investigation Seven-Eleven

* India to impose safeguard duty on Chinese aluminium

* Rio postpones price negotiations with Chinese steel mills Stefanie McIntyre reports

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