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Asia Pacific airlines should cut fuel surcharges on passengers - CAPA

Asia Pacific airlines should cut fuel surcharges on passengers - CAPA SINGAPORE (AFX) - The Centre for Asia Pacific Aviation (CAPA) warned that airlines should consider cutting their fuel surcharges on passenger tickets in the face of slowing travel demand and amid concerns over bird flu. CAPA executive chairman Peter Harbison said he will push this message in the annual aviation outlook summit which will be held on Dec. 5-6 in Kuala Lumpur. He noted that some freight carriers have already started to ease their surcharges to reflect the lower jet fuel prices. 'But passenger airlines appear reluctant to move on

Asia rises on lower oil prices

Asia rises on lower oil prices SINGAPORE (Reuters) -- Shares in Asian exporters such as Honda Motor Co. Ltd. and Samsung Electronics Co. rose on Monday, as lower oil prices eased fears of higher energy costs crimping consumer spending in the key U.S. market. U.S. oil futures steadied above $58 a barrel, after slipping to a three-week low due to forecasts of milder winter weather and high crude stockpiles in the United States. The dollar recovered from a seven-week low against the yen as investors bet the worst was over for the U.S. currency, which suffered its biggest one-week loss against the yen

Decline in crude fuels rally

Decline in crude fuels rally TOKYO Asian stocks rose Monday as lower prices for crude oil eased concern that high fuel costs would curb economic growth. LG Electronics and Honda Motor led a rebound by exporters. "Falling oil prices boost investor confidence," said Mike Shiao, a fund manager at Invesco Taiwan in Taipei. The Morgan Stanley Capital International Asia-Pacific Index added 0.62 points to reach 120.47 in Tokyo, its highest point since April 2000. It has risen almost 19 percent this year. The Nikkei 225-stock average rose 218.41 points to 15,391.48. It has jumped 34 percent in 2005, and it is

Indonesian Shares End Lower On Weak Rupiah, Falls In Asia

Indonesian Shares End Lower On Weak Rupiah, Falls In Asia ndonesian shares ended lower Monday, hurt by a weaker rupiah and falls in most major Asian markets after stocks in the U.S. tumbled Friday, dealers said. They said overall sentiment was also hit by concerns over high oil prices and as many investors switched out of their equity funds to bid for the IDR3 trillion in government bonds scheduled to be issued Tuesday. "These factors are good reasons for investors to continue to lock in profits," said a trader with Paramitra Securities. The Jakarta Stock Exchange Composite Index ended down 22.761 points,

Asia Roundup: Shares finish mostly lower

Asia Roundup: Shares finish mostly lower Asian stocks closed mostly lower yesterday, extending losses after US wage data undercut the widely held view that the US Federal Reserve had no more reason to hike interest rates again, dealers said. TOKYO: Japanese share prices were down sharply after a soft performance on Wall Street overnight, dealers said. The Tokyo Stock Exchanges benchmark Nikkei-225 index fell 271.68 points or 1.67 per cent to 16,012.41, off a low of 15,944.03. The broader TOPIX index of all first-section stocks dropped 29.36 points or 1.79 per cent to 1,613.46. Volume fell to 1.72 billion shares. More : btimes.com.my