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  1. US firm expands welding business in China

    Posted Jan 14th 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai A major United States welding company yesterday announced it would acquire controlling stakes in three welding businesses in China, its fastest-growing ... stakes in the three, one with Tenwell Development of Singapore and two with Kuang Tai Metal Industrial. The acquired entities will have a combined revenue this year of US$55 million. Lincoln ...

  2. Air China may take off into the corporate flying market

    Posted Aug 21st 2010, 12:00am by Charlotte So

    ... an intra-US business jet service through a joint venture with Cessna since June, while Lufthansa has a private jet division operating throughout Europe. 'When you look at business aviation ... said. There are only a handful of business operators, namely HNA Group, Air China, Citic Group and Shanghai Airlines. Unlike the US or Europe, which allow business jets to take off from any ...

  3. Lenovo beats forecast as profit surges 25pc

    Posted Feb 18th 2011, 12:00am by Staff Reporter

    ... shipments. Total revenue for the quarter climbed 22 per cent to US$5.8 billion. Basic earnings per share reached US$1.03. Net cash reserves totalled US$3.2 billion. 'While driving for business ... of International Business Machines for US$1.75 billion in 2005. ...

  4. MGM Mirage keeps eye on Macau in US$548m write-down on land

    Posted Feb 20th 2010, 12:00am by Staff Reporter

    ... year's finding by New Jersey gaming regulators meant MGM would likely face a difficult choice. It could keep its business in Macau, which includes the US$1.25 billion MGM Grand Macau. Or it could ... is now all but certain given the write-down on Renaissance Point, ongoing negotiations with US regulators and moves towards a Hong Kong listing of the Macau business. 'We disagree ...

  5. Genting HK swings to profit as casino business picks up

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... of group revenue. Revenue from passenger ticket sales rose 23.5 per cent to US$50.48 million. Profitability was improved at the Asian cruise business through a renewed focus on cost cutting, ... of US$11.32 million in the first half compared with a loss of US$35.26 million a year earlier. Sales, mainly gaming revenues from onboard casino operations, rose a modest 5.1 per cent to US ...

  6. Bulgari taps growing wealth

    Posted Nov 22nd 2003, 12:00am by Staff Reporter

    ... relatively flat over the past several years, and the US luxury goods business was hard hit by the September 11, terrorist attacks in the US and is just now recovering, Bulgari has experienced some ... Chinese cities. 'Our plan is to build a sizable business in this country in a relatively short period of time,' said the company's chief executive, Francesco Trapani, during a visit ...

  7. PCCW has no plan to inject cash into Reach

    Posted Mar 05th 2004, 12:00am by Ben Kwok

    ... of equity capital into the business'. PCCW also wrote down US$114 million for its investment in Jaleco, its Japanese gaming business. Mr Arena said Jaleco had been competing in a tough market ... it would exit non-core businesses, including Data Access in India, which is planning an initial public offering. Of the US$892 million in one-time charges for last year, PCCW wrote down $150 ...

  8. Luen Thai may encounter safeguard quotas on textiles

    Posted Jun 30th 2004, 12:00am by Toh Han Shih

    ... garment maker. 'Yue Yuen would like to be a strategic investor. Hopefully, Yue Yuen and us can build an apparel business,' said Luen Thai chief executive Henry Tan. On June 20, Luen Thai ... particularly by the US, the company may have to slow down geographic consolidation and expansion of its operations, and its business may be harmed,' according to Luen Thai's initial public ...

  9. ChemChina bids for Dow Chemical assets

    Posted May 11th 2009, 12:00am by Staff Reporter

    ... chemicals business making olefins. The two units are expected to fetch a total of between US$9 billion and US$11.5 billion. Olefins are chemical compounds used to make plastics and synthetic fibres. ... would put cash into. The agricultural unit, Dow Agrosciences, is worth between US$5 billion and US$7 billion, while the olefins business is worth between US$2 billion and US$3 billion. Dow ...

  10. Pay-TV channel business eyes media assets

    Posted Apr 07th 2010, 12:00am by Staff Reporter

    ... Bien Perez Lionsgate Entertainment Corp, a leading independent film studio and television programming distributor in North America, has formed a joint venture with US private investment firm Saban Capital Group to run Hong Kong-based Tiger Gate and expand its fledgling pay-TV channel business across Asia. The partners say they intend to use Tiger Gate, which introduced horror ...




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