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High fuel costs and disasters hit airlines |
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Wednesday, 27 August 2008 |
AIR China Ltd, the nation's largest international carrier, reported a 21 percent drop in first-half profit and China Eastern Airlines Corp posted a loss after fuel prices doubled and natural disasters disrupted travel.
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Foster's profits down over wine business |
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Wednesday, 27 August 2008 |
Foster's, the Australian beer and wine group, on Tuesday reported a drop in full-year profits after further slashing the value of its global wine business by about A$600m
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Yuan climbs on talk its strength will be used to cut trade surplus |
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Wednesday, 27 August 2008 |
CHINA'S currency rose on speculation the government will use strength in the yuan to narrow the trade surplus and bonds advanced.
United States Labor Secretary Elaine Chao said yesterday that the Bush administration...
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Chinese consumer mood rallies |
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Wednesday, 27 August 2008 |
CHINA'S consumer confidence rebounded in July as inflationary pressure eased, the National Bureau of Statistics said yesterday.
The Consumer Confidence Index settled at 94.5 last month, up from 94.1 in June and...
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BoCom earnings surge to profit growth peak |
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Wednesday, 27 August 2008 |
THE Bank of Communications said yesterday its first-half profit surged 81 percent, a growth its chairman described as a peak.
Net income climbed to 15.5 billion yuan (US$2.3 billion), or 0.32 yuan a share, from...
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Japanese firms snap up bargains |
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Wednesday, 27 August 2008 |
JAPANESE companies are increasing overseas acquisitions, using their cash hoards to snap up assets beaten down by the global credit crisis and economic slowdown.
The value of foreign purchases by Japanese companies...
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Report of profit easing hits shares |
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Wednesday, 27 August 2008 |
SHANGHAI stocks dropped yesterday, led by banks and brokerages after a report said the growth in profit for most listed companies slowed in the first half.
The benchmark Shanghai Composite Index buckled 2.62 percent,...
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Bonds may be used to swap for equities |
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Wednesday, 27 August 2008 |
CHINA may let investors sell bonds that can be swapped for shares to deter equity sales and support the nation's stock market, the world's worst performer this year.
The China Securities Regulatory Commission...
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Temasek warns credit crisis will last another two years |
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Wednesday, 27 August 2008 |
TEMASEK Holdings Pte, Singapore's US$130-billion sovereign wealth fund, said yesterday that the global credit crisis will last two more years, drying up investment opportunities and constraining economic growth.
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Detailed exposure of risks in new rules |
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Wednesday, 27 August 2008 |
LISTED Chinese banks will face stricter rules over their risk exposure details from September 1, said the securities regulator.
Listed banks need to disclose the face values, interest rates and maturities of the...
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Beijing bank plans fund joint venture |
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Wednesday, 27 August 2008 |
THE Bank of Beijing said yesterday it plans to set up a joint venture fund management company with Bank of Nova Scotia to diversify its portfolio.
The city commercial bank will form the 300-million-yuan (US$43.86...
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Sinopec faces the most 'difficult' two quarters |
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Wednesday, 27 August 2008 |
CHINA Petroleum & Chemical Corp, Asia's biggest oil refiner, is facing its most "difficult" year in 2008 even as it receives state subsidies for selling fuels at below cost and the government raises oil product prices.
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