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Daewoo attracts four bids for shipbuilder |
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Thursday, 28 August 2008 |
POSCO and Hyundai Heavy Industries Co have joined two other South Korean companies to bid for a majority stake in Daewoo Shipbuilding & Marine Engineering Co that could fetch as much as 7 trillion won (US$6.4 billion).
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Chemicals boost copper firm's net |
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Thursday, 28 August 2008 |
JIANGXI Copper Co, whose first half-year net profit rose 32 percent due to strong copper prices and surging by-product prices, cautioned that a global economic slowdown would affect metal demand in the second half...
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Profit up as brewer taps price boost |
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Thursday, 28 August 2008 |
DUTCH brewing giant Heineken NV increased first-half profit by 35 percent after raising prices and acquiring Foster's lager and Strongbow cider in the breakup of Scottish & Newcastle Plc.
Net income was 407 million...
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Winners a bad deal for Irish bookmaker |
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Thursday, 28 August 2008 |
PADDY Power Plc, Ireland's largest bookmaker, lowered its annual profit forecast after customers placed winning bets on Irish golfer Padraig Harrington and on the results of games at soccer's European Championships.
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Opening of stores profitable |
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Thursday, 28 August 2008 |
ESPRIT Holdings Ltd, the Hong Kong-based clothing retailer that makes most of its sales in Europe, said full-year profit rose 25 percent after opening more stores.
Net income rose to HK$6.45 billion (US$826 million)...
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Brostroem agrees to Maersk buyout |
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Thursday, 28 August 2008 |
AP Moeller-Maersk A/S, the world's biggest container shipper, has agreed to buy Brostroem AB for 3.62 billion Swedish kronor (US$568 million), creating the largest operator of gasoline, jet fuel and diesel tankers.
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'Malling' consumes cool Filipino shoppers |
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Thursday, 28 August 2008 |
IN the Philippines, "malling" has become a verb, the act of going to a shopping mall and whiling away the hours.
The Southeast Asian country has three of the world's 10 largest shopping centers, two of them in...
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Suning prefers to grow in suburbs |
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Thursday, 28 August 2008 |
AS Shanghai accelerates development of its transport network and with the city hosting the 2010 World Expo, Suning Appliance Co has decided to expand its outlets in the city suburbs to meet its goal of opening 100...
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Yarn units head home for profits |
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Thursday, 28 August 2008 |
YUAN appreciation and recession in the West are driving Chinese textile makers to shift focus from exports to the domestic market.
Most Chinese textile makers, attending the ongoing China International Trade Fair...
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US orders likely to show decline |
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Thursday, 28 August 2008 |
ORDERS for United States durable goods unexpectedly increased in July, indicating that growing demand from abroad is still helping companies weather a slump in domestic spending.
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UK housing slump pounds builder |
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Thursday, 28 August 2008 |
TAYLOR Wimpey Plc, the United Kingdom's largest home builder, reported a first-half loss of 1.42 billion pounds (US$2.62 billion) yesterday after writing down the value of its land.
The company also said it remains...
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Troubled Market Extends To Business Parks |
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Thursday, 28 August 2008 |
SEGRO Plc, the United Kingdom's largest owner of business parks, reported a first-half loss yesterday after the estimated value of its properties fell by 389 million pounds (US$718 million).
The net loss was 325...
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Industry News 