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Enterprise Digest

hitachi data systems pushes 'virtualisation'

With strategic distribution deals in place, storage infrastructure maker Hitachi Data Systems (HDS) aims to crank up sales of its new product line for small and medium-sized firms in China.

Tuesday, 2 August, 2005, 12:00am

Galaxy TV faces legal challenge by PCCW

Fledgling pay-television operator Galaxy has come under indirect attack from PCCW, which is seeking a judicial review into the non-disclosure by the Broadcasting Authority (BA) of information about Galaxy's conversion from a satellite to a broadband service.

30 Jul 2005 - 12:00am

Cathay still looking at double decker

With rising fuel costs taking their toll, the carrier may have to order the energy-saving Airbus A380

Cathay Pacific Airways may add Airbus Industrie's giant A380 to its fleet, although not in the short term, according to the airline's engineering director, Derek Cridland.

30 Jul 2005 - 12:00am

No end in sight to developers' China land-buying spree

Hong Kong's property big guns are continuing their buying assault on second-tier mainland cities.

Spurred by Li Ka-shing's $6.4 billion worth of mainland acquisitions earlier this year through development flagships Hutchison Whampoa and Cheung Kong (Holdings), prominent Hong Kong-based developers are keen to keep up with their competitors.

29 Jul 2005 - 12:00am

SAIC plans 3.6b yuan plant for Rover-style cars

Shanghai Auto Industry Corp yesterday announced it would spend 3.68 billion yuan on a new plant to make cars using technology from Rover and Ssangyong. The models will be sold at home and abroad under SAIC's own brand name.

29 Jul 2005 - 12:00am

Shop 'til you drop

Thousands of residents scramble into Wal-Mart's first Shanghai superstore which was formally opened yesterday by company officials and government dignitaries.

29 Jul 2005 - 12:00am

CNOOC ready to dump bid for Unocal

US$18.5 billion offer may be withdrawn next week due to 'dirty politics in US'

CNOOC is preparing to walk away from its controversial US$18.5 billion bid for Unocal as early as next week because management believes political pressure from Washington has made it impossible to pursue the deal, sources say.

29 Jul 2005 - 12:00am

House bill could deal blow to CNOOC

The United States House of Representatives is poised to vote this week on a controversial national energy bill that, if passed, would deal a further setback to CNOOC's quest for Unocal.

27 Jul 2005 - 12:00am

HK keen to land AirAsia, says airline

The Hong Kong Airport Authority met with Malaysian budget airline AirAsia yesterday and was keen to grant the low-cost carrier landing rights, according to chief executive Tony Fernandes.

23 Jul 2005 - 12:00am

Merger to boost Hutchison unit's share of India market

Hutchison Telecommunications International's Ltd (HTIL) Indian mobile-phone unit will merge with rival BPL Communications to create the country's third-largest operator, according to sources close to the companies.

22 Jul 2005 - 12:00am

Kerry outbids rivals for Sai Ying Pun residential project

Developer's plan to build luxury homes challenges perceptions of older district

Kerry Properties has outbid 10 rivals to win the contract for the Urban Renewal Authority residential redevelopment in Sai Ying Pun estimated to cost $2.5 billion.

22 Jul 2005 - 12:00am

Surging China plays extend share rally

HSI keeps winning run even as investors cash in property gains

Hong Kong-listed China stocks yesterday forged ahead for the second day running, as investors used an interest-rate increase by local banks as an excuse to take profit on blue-chip property counters.

22 Jul 2005 - 12:00am

Chevron lifts Unocal offer 5pc

Latest US$17.1b bid still short of CNOOC's but politics driven by conservative fears swings the balance in favour of US firm

Chevron yesterday increased its takeover bid for Unocal by 5 per cent, raising the stakes in the battle for control of the ninth-largest oil company in the US.

21 Jul 2005 - 12:00am

Microsoft sues to block Google mainland hire

Software giant Microsoft is taking court action to stop a former executive from taking a top mainland job with Google, a move that highlights the growing competition between the two companies as well as the shortage of top-end engineering talent in China.

21 Jul 2005 - 12:00am

Haier calls off takeover bid for Maytag

Haier abandons bid for Maytag

Haier Group, China's biggest maker of home appliances, has abandoned its attempt to buy United States-based Maytag Corp.

Maytag, the third-largest home appliance maker in the US, late on Tuesday said that Haier and its two US private equity partners, Bain Capital and Blackstone Management, had withdrawn an offer to buy the company.

21 Jul 2005 - 12:00am

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