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Refining losses and tax dent PetroChina profit |
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Thursday, 28 August 2008 |
PETROCHINA Co, Asia's top oil producer, said yesterday its first-half net profit fell 34.5 percent as refining losses and a jump in a windfall tax dented gains from soaring crude oil prices.
Earnings dropped to...
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Price cuts attract handset users |
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Thursday, 28 August 2008 |
CHINA Mobile Ltd, the world's biggest phone company by users, increased second-quarter profit by 51 percent, more than analysts' estimates, after price cuts helped attract subscribers.
Net income jumped to 30.8...
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Datang powers up to brighter second half |
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Thursday, 28 August 2008 |
DATANG International Power Generation Co, the biggest Chinese electricity producer listed in Hong Kong, said profits will improve in the second half as costs ease and power prices rise.
"The next six months will...
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Websites fight for Olympic revenues |
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Thursday, 28 August 2008 |
THE Olympics may be over but the battle for the No. 1 Website slot has just begun. And this will be no clean contest.
Internet companies from Tencent (QQ) to Sina Corp and Sohu.com are all claiming to be the most...
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Karachi struggles to regain sense of stability |
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Thursday, 28 August 2008 |
Pakistani officials were looking at ways to stabilise the country's stock market after it fell a further 3 per cent amid rising political uncertainty
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Global metal shortage to keep rates high |
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Thursday, 28 August 2008 |
CHINA Molybdenum Co, the nation's second-biggest producer of the metal used in steelmaking, expects a global shortage of 2,000 metric tons this year will prevent prices from falling.
Production may decline in...
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Hostile offer sinks friendly merger |
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Thursday, 28 August 2008 |
GFK AG, Germany's largest market researcher, has abandoned a bid for Taylor Nelson Sofres Plc after failing to raise enough financing to counter a 1.1-billion-pound (US$2 billion) hostile offer by WPP Plc.
GfK,...
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GfK Looks Ahead To Other Acquisitions |
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Thursday, 28 August 2008 |
GERMAN market research giant GfK AG will pursue alternatives to a takeover offer for Taylor Nelson Sofres Plc, Chief Executive Officer Klaus Wuebbenhorst said yesterday.
"We didn't want TNS at any price," Wuebbenhorst...
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Shares dip on fears over economy |
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Thursday, 28 August 2008 |
SHANGHAI shares dipped yesterday as investors disposed their holdings, fearing a sluggish economic situation may be in the pipeline.
The benchmark Shanghai Composite Index was off 0.34 percent, or 7.94 points,...
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Hong Kong index soars on strong profit reports |
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Thursday, 28 August 2008 |
HONG Kong stocks rose to the highest in two weeks after earnings increased at China Mobile Ltd and Jiangxi Copper Co, boosting speculation that profits will withstand slowing growth.
China Mobile, the world's...
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Brokerage tipped to offload assets |
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Thursday, 28 August 2008 |
LEHMAN Brothers Holdings Inc may set up a company funded by outside investors to buy some of its mortgage assets, aiming to dispel concern the firm faces crippling losses, industry sources have revealed to Bloomberg...
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Thursday, 28 August 2008 |
CHINA'S Bank of Communications said yesterday it plans to set up a branch in San Francisco, its second outlet in the United States, as part of its overseas expansion.
The country's fifth largest lender has approved...
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Industry News 