L'Oreal Will Cut Prices of Products Imported to China to Boost Sales
French cosmetics giant L'Oreal SA said it would cut prices of
products imported to China to boost sales. (published 0526 GMT)
UBS Withdraws From Australian Wealth-Management Business -- Update
UBS AG said it plans to withdraw from its Australian
wealth-management business, leaving senior employees to strike out
on their own following a management buyout. (published 0302
GMT)
Alibaba in Talks to Open Data Centers in Europe, Singapore, Japan and Dubai, Executive Says
Alibaba Group Holding Ltd. is in talks to build data centers in
Europe, Singapore, Japan and Dubai as part of a planned global
buildout of its cloud-computing operations, an executive said.
(published 0358 GMT)
Samsung Group to Merge Two Major Entities in Preparation for Transfer of Power -- Update
Samsung Group took a major step in its transition to new
leadership, as it moved to merge its de facto holding company and
Samsung's original construction and trading company. (published
0123 GMT)
Ryanair Profit Jumps as Charm Offensive Pays Off -- Update
Ryanair Holdings PLC, Europe's largest budget airline, on
Tuesday said net income rose 66% in the financial year ended in
March and that the figure should rise further this year when it
expects to carry more than 100 million passengers for the first
time. (published 0525 GMT)
CSPC Pharmaceutical Group 1Q Net Profit Up 53% to HK$400.3 Million
Drug company CSPC Pharmaceutical Group Ltd. Tuesday reported a
53% surge of its first-quarter net profit, thanks to the strong
growth of innovative drugs. (published 0430 GMT)
Fortescue Shares Surge on Speculation of China Investment
Shares in Fortescue Metals Group Ltd. rocketed more than 10%
Tuesday, adding as much as 1 billion Australian dollars to its
market value, after a report that China-linked companies want to
invest in the troubled iron-ore miner. (published 0145 GMT)
CY Foundation Group Seeks HK$133.5 Million in Share Placement
CY Foundation Group Ltd. said Tuesday it is seeking to raise
133.5 million Hong Kong dollars from a share placement and will use
net proceeds for business expansion and general working capital.
(published 0204 GMT)
Kingston Financial Group: See 'Significant Increase' in Fiscal-Year Net Profit
Kingston Financial Group Ltd., a provider of financial services
in Hong Kong and Macau, said it expects a "significant increase" in
fiscal-year net profit, thanks to higher income from its brokerage,
underwriting as well as IPO-financing businesses. (published 0115
GMT)
Charter Communications Nearing Deal for Time Warner Cable -- 3rd Update
Charter Communications Inc. is close to sealing a $55 billion
deal for Time Warner Cable Inc., giving cable mogul John Malone the
prize he has been chasing for two years. (published 0114 GMT)
Eastern & Oriental Plans IPO of U.K. Unit on London Stock Exchange
Property developer Eastern & Oriental Bhd said late Monday
it plans to list its unit on the London Stock Exchange's AIM market
for smaller growing companies as it expands in the U.K. (published
0056 GMT)
Goldman Sachs Changes Asia-Pacific Investment Banking Head
Goldman Sachs Group Inc. is relocating its Asia-Pacific ex-Japan
investment banking head Matthew Westerman to London, replacing him
with Andrea Vella and Kate Richdale, who will become co-heads of
the division in the region. (published 0319 GMT)
China Construction Bank Named Yuan-Clearing Bank in Chile
China's central bank said late Monday it has designated China
Construction Bank Corp., the nation's second-largest lender by
assets, as the yuan-clearing bank in Chile. (published 0334
GMT)
Cocoaland Holdings Rejects MYR377.5 Mln Takeover Offer From Navis
Soft drink and candy maker Cocoaland Holdings Bhd said late
Monday it has rejected a takeover offer worth 377.5 million ringgit
from private-equity fund Navis Capital Partners. (published 0045
GMT)