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Japanese bank gains on rivals |
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Saturday, 29 November 2008 |
JAPAN Post Bank Co, the world's biggest deposit holder, yesterday reported half-year profit of 150.1 billion yen (US$1.58 billion), beating listed rivals that have been struck by rising bad loans and investment loses.
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Saturday, 29 November 2008 |
COMMERZBANK AG, Germany's second-biggest lender, will accelerate its takeover of domestic competitor Dresdner Bank by as much as a year in a revised deal valued at 5.1 billion euros (US$6.6 billion).
Commerzbank...
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Crisis sees HSBC shed jobs in UK |
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Saturday, 29 November 2008 |
HSBC Holdings Plc, Europe's biggest bank, is to eliminate about 500 jobs in the United Kingdom, including positions at its head office in London, two people familiar with the plan said.
The reductions include...
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RBS eyes stake sale to government |
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Saturday, 29 November 2008 |
ROYAL Bank of Scotland Group Plc will sell the government almost 20 billion pounds (US$31 billion) of stock and a majority stake after investors bought just 0.2 percent of shares offered in the United Kingdom's biggest...
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Saudi firm seeks stronger Chinese links |
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Saturday, 29 November 2008 |
SAUDI Aramco is seeking a stronger relationship with China by ensuring a stable oil supply, creating more joint venture partnerships and cooperating in staff training, according to company officials.
The world's...
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Cleaner-fuel pipeline will take gas to the north |
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Saturday, 29 November 2008 |
CHINA Petroleum & Chemical Corp, the nation's second-biggest oil producer, has begun construction of a 1,045-kilometer pipeline to distribute natural gas in the north after a rise in demand for the cleaner-burning...
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Oman deal to secure raw materials |
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Saturday, 29 November 2008 |
JAPAN'S JFE Steel Corp is to form a venture with Bahrain- based steel maker Foulath to make iron ore pellets in Oman, aiming to secure raw material supplies.
The venture, in which JFE's steel unit will take a...
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Steel maker forecasts a 'significant' sales drop |
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Saturday, 29 November 2008 |
GERMANY'S largest steel maker, ThyssenKrupp AG, has forecast a "significant" decline in sales for the current fiscal year as the economic slowdown erodes demand from car makers and builders.
"The increasing uncertainty...
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On paper, it's a gloomy outlook |
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Saturday, 29 November 2008 |
THE paper-making industry, which saw a peak in the second half of last year, is unlikely to escape the effect of the slowdown in the global economy, according to experts.
Paper making has been booming for the...
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Advertisers to increase online spending |
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Saturday, 29 November 2008 |
ONLINE spending on social Websites will grow rapidly in China as a result of the country's huge netizen base and users' loyalty to such sites, industry officials said during an advertising forum in Shanghai.
The...
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Cabin crew to get year off as airline cuts costs |
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Saturday, 29 November 2008 |
CATHAY Pacific, Hong Kong's biggest carrier, has slashed growth plans for next year and offered staff unpaid leave after demand for travel plunged.
Passenger capacity will rise less than 1 percent in 2009, compared...
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Airports may miss passenger targets |
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Saturday, 29 November 2008 |
SHANGHAI Airport Authority, owner of the city's two airports, may miss its passenger target for 2010 because of falling demand for air travel.
Pudong International Airport and Hongqiao Airport forecast a combined...
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