China Hanking Expects to Swing to 1H Loss
China Hanking Holdings Ltd., an iron ore concentrate producer in
northeast China, said late Friday it expects its first-half results
to swing to a loss, partly dragged by the drop in its product's
selling price. (published 0054 GMT)
China Railway: Recently Won Bids For Projects Amounted CNY24.96 Billion In Total
State-controlled rail engineering firm China Railway Group Ltd.
said Sunday it has recently won bids for several projects with the
total bid amount of CNY24.96 billion, representing 4.09% of the
operating revenue of the firm in 2014. (published 0005 GMT)
SouthGobi Resources: Chief Financial Officer Bertrand Troiano Resigns
Mongolia-focused miner SouthGobi Resources Ltd. said Monday
Bertrand Troiano has stepped down as the firm's chief financial
officer following a two-year secondment from Rio Tinto which ended
on July 31. (published 0023 GMT)
Citadel Says One of Its China Accounts Was Suspended -- 2nd Update
U.S.-based hedge fund Citadel LLC said trading in one of the
accounts it manages in China has been suspended, as regulators
battle a steep slide in stock prices. (published 2336 GMT
Sunday)
'China's Airbnb' Tujia.com Raises $300 Million in Funding Round
China's answer to Airbnb Inc., Tujia.com, raised $300 million in
its latest funding round, underscoring strong investor demand for
Chinese startups despite volatility in the country's domestic stock
market. (published 2331 GMT Sunday)
Alpha Natural Resources to Seek Chapter 11
The ailing U.S. coal industry is about to get another black
mark. (published 2322 GMT Sunday)
Uniqlo Aims for Bigger China Gains With New Disney Deal
Many business leaders worry about the clouds gathering over
China. Not Tadashi Yanai of Japanese apparel chain Uniqlo, which is
counting on the country for growth. (published 2130 GMT Sunday)
Emirates National Oil Co Raises Offer For Dragon Oil to 800P Per Share
Dubai's state-owned energy group Emirates National Oil Co. Ltd.
Sunday raised its offer for Dragon Oil PLC to 800 pence per share,
in a move that pushed the company over the 77% ownership threshold
needed to complete the deal. (published 1436 GMT Sunday)
Saudi Arabia's Kingdom Holding Second-Quarter Net Profit Up 12.6%
Kingdom Holding Co., the investment company owned by Saudi
Prince al-Waleed bin Talal, Sunday posted a 12.6% increase in
second-quarter net profit as income from its investments increased
and expenses fell. (published 0923 GMT Sunday)
Verizon Misses Deadline for Union Contract -- Update
Verizon Communications Inc. missed its midnight deadline to
secure a deal with more than 37,000 union employees, but the unions
said employees will keep working without a contract while talks
continue. (published 0445 GMT Sunday)