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Taiwan’s TransAsia suspends flights amid share trading probe

Taipei / AFP Taiwan’s TransAsia Airways said it would suspend flights from Tuesday as officials announced a probe into suspected insider trading at the loss-making airline, which is rumoured to be seeking buyers after two deadly crashes. The airline, in a statement on its website late Monday, said it had requested a halt in trading of its shares before an ...

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Thailand’s economic growth slows in Q3

  Bangkok / AFP Thailand’s economic growth slowed in the third quarter, data showed on Monday, with fears of further pain to come in a nation plunged into mourning following the death of its long-serving King Bhumibol Adulyadej. High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia’s ...

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Nigeria growth shrinks 2.2% in third quarter

  Abuja / AFP Nigeria’s economy contracted in the third quarter as rebels continued to bomb oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24 percent year-on-year in real terms,” the country’s National Bureau of Statistics said in a report. This meant that ...

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