Market news: Asia media round-up

26 May 2009

Hong Kong announces new round of spending in hopes of lifting the local economy while Singapore's manufacturing output falls much less than expected. Meanwhile, a trade delegation of Chinese companies expects to spend several billion US dollars in Taiwan and mainland steel makers are demanding steep cuts in iron ore prices.

Asiamoney rounds up the major financial news stories in the media today in Asia.

Australia
PanAust plans to raise A$358 million (US$278.1 million) through an equity offer to share holders and a share placement to Guangdong Rising Asset Management (GRAM), that will see the Chinese group take a 19.9% stake ...

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