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Friday, 08 August 2008 |
Neptune Orient Lines' disappointing results could put increasing scrutiny on its ambitious plans to become one of the world's biggest cargo carriers.
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Toyota's profits tumble 28% |
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Friday, 08 August 2008 |
Toyota's net profit fell 28 per cent slump in its financial first quarter after a steep decline in US sales of trucks and sport-utility vehicles
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Guideline lifts stocks higher |
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Friday, 08 August 2008 |
THE Shanghai stock market ended slightly higher yesterday, led by Yangtze River Delta-based companies after the central government announced a guideline for the opening up and development of the delta region on Wednesday....
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HK shines as worries over fuel costs ease |
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Friday, 08 August 2008 |
HONG Kong stocks rose the most in a week yesterday after a retreat in crude oil prices eased concern higher energy costs will hurt consumption and earnings.
Esprit Holdings Ltd, a global clothing retailer, jumped...
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Lower earnings send Asian markets down |
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Friday, 08 August 2008 |
ASIAN stocks fell yesterday after banks, airlines and shipping companies reported lower earnings on slowing economic growth and increases in raw-material costs.
Mitsubishi UFJ Financial Group Inc slumped for a...
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Dark day for electricity giant |
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Friday, 08 August 2008 |
SHARES in British energy giant International Power Plc had their biggest fall in a year in London yesterday after the company said an extended power-station shutdown will hurt second-half results.
International...
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UK rate stays unmoved by 'disastrous outlook' |
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Friday, 08 August 2008 |
THE Bank of England kept the main interest rate unchanged for a fourth month yesterday after inflation accelerated and the economy teetered on the brink of a recession.
The Monetary Policy Committee, led by Governor...
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Slump hits 'disappointed' Barclays |
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Friday, 08 August 2008 |
BARCLAYS PLC, Britain's third largest bank, said yesterday that first-half profit fell by 35 percent, as securities trading slowed and credit writedowns mounted.
Net profit for the six months to June 30 was 1.7...
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Inflation fear keeps Europe rates on high |
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Friday, 08 August 2008 |
THE European Central Bank has kept interest rates at a seven-year high to fight inflation, even as evidence of an economic slump mounts.
ECB policy makers, meeting in Frankfurt, left the benchmark lending rate...
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Friday, 08 August 2008 |
CHINA CITIC Bank wants to have 10 million credit cards circulating next year, a year ahead of its previous target, a senior bank official said yesterday.
The Beijing-based bank has issued more than 6 million credit...
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Loans business boosts income |
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Friday, 08 August 2008 |
BEIJING-BASED Huaxia Bank Co reported a 90.88-percent jump in its net income in the first half of this year.
Its earnings rose to 8.72 billion yuan (US$1.28 billion), or 0.34 yuan per share, and its revenue surged...
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Power coal stockpiles up 7 percent |
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Friday, 08 August 2008 |
STATE Grid Corp of China, supplier of electricity to more than a billion people, said the coal stockpiles of power plants connected to its network have risen after the government took steps to boost supplies of the...
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