PTT Exploration & Production to Request London Stock Exchange to Delist Cove Energy
PTT Exploration and Production PCL (PTTEP.TH) said Wednesday it plans to request that the London Stock Exchange delist shares of Cove Energy PLC (COV.LN) from its Alternative Investment Market after Cove's shareholders, who collectively own 91.4% of the company, accepted a cash offer by a unit of
Country Road to Buy Witchery Group for A$172 Million
Clothing and home wears retailer Country Road Ltd. (CTY.AU) said Wednesday it will buy fashion company Witchery Group from Gresham Private Equity for 172 million Australian dollars (US$180.2 million).
Stockland Sells 2 Properties For Total A$191.6 Million
Stockland Group (SGP.AU) Wednesday announced the sale of two commercial properties for A$191.6 million.
China Average Housing Price Rises in July For 2nd Straight Month - CREIS
The average price of housing in 100 major Chinese cities rose in July on month for the second straight month indicating that property prices appear to have bottomed out, though analysts say a robust rebound is unlikely.
Lenovo Group and EMC Corp Form Partnership on Servers and Storage
Computer maker Lenovo Group Ltd. (0992.HK) and data storage provider EMC Corp. (EMC) will cooperate on developing and retailing servers and network storage, the companies said in a joint statement Wednesday.
XL Axiata 1st Half Net Profit IDR1.46 Trillion Vs IDR1.52 Trillion
Cellular operator PT XL Axiata (EXCL.JK) said Wednesday first-half net profit fell 3.9% to 1.46 trillion rupiah ($153 million) from IDR1.52 trillion a year earlier as higher revenue was offset by greater operating expenses.
Asian Shares Down Ahead Of Fed, ECB Meetings
Asian markets declined Wednesday amid caution as investors awaited the outcomes of meetings of two major central banks.
Hong Kong Stocks Drop After Official China Data
Hong Kong stocks opened on a weak note Wednesday, as weaker-than-expected official manufacturing data for July and overnight losses on Wall Street weighed on banking, resource and mainland property shares.
Bank of the Philippine Islands 1st Half Net Profit up 52% at PHP9.4 Billion
Bank of the Philippine Islands (BPI.PH) said Wednesday its first-half net profit surged 52% to 9.4 billion pesos ($225 million) from PHP6.2 billion a year earlier, supported by a 24% improvement in revenues.
Huaneng Power First-Half Net Profit Up 87% at CNY2.21 Billion
Huaneng Power International Inc. (600011.SH) said Wednesday that its first-half net profit rose 87% from a year earlier, boosted by a rise in electricity tariffs that took effect last year.