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Thursday, June 20, 2013

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Denso slams brakes on profit expectations
12-24 16:46
Japan's leading car parts maker Denso said its full-year net profit would be one 10th of an earlier forecast due to the poor performance of the auto industry and ...

MAN fuels merger hopes with Scania move
12-24 16:10
The German heavy truck maker MAN said it has raised its voting rights access in Swedish counterpart Scania to more than 20 percent, and emphasized its strate...

Singamas in profit warning amid bid to contain economic fallout
12-24 15:32
Singamas Container Holdings, the world's second-largest maker of shipping containers, said full-year profit will show a substantial drop because of the financial...

SEC chief Cox defends response to crisis
12-24 14:04
US Securities and Exchange Commission chairman Christopher Cox, responding to heavy criticism, said he takes pride in his response to the financial crisis. ...

Agriculture Bank closer to listing
12-24 13:05
Agricultural Bank of China will relaunch as a stock-holding company before the Lunar New Year on January 26, bringing it a step closer to an eventual stock m...

Goldman Sachs increases ICBC stake
12-24 12:44
Goldman Sachs Group spent HK$88 million raising its stake in Industrial and Commercial Bank of China, one day after posting its first quarterly loss since ...

Fosun pays US$150m to become top Focus Media shareholder
12-24 12:24
Fosun International, a Shanghai-based based investment company, paid US$150.1 million (HK$1.17 billion) for a 13.3 percent stake in Focus Media Holding, t...

Jiangxi Copper out to foil rivals in 268m yuan expansion
12-24 12:17
Jiangxi Copper, China's second-biggest smelter, will invest 268 million yuan (HK$303.21 million) in a copper foil joint venture to almost double capacity. ...

American Express to get US$3.39b injection
12-24 11:41
Credit card giant American Express said it would receive US$3.39 billion (HK$26.44 billion) in capital injection from the US Treasury as part of an emerge...

Confidence returning to markets, says ECB chief
12-24 11:37
European Central Bank head Jean-Claude Trichet said confidence is returning to financial markets. ''There is a movement toward a revival of confidence...

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