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HTC's profit upsurge halts as bigger rivals become more innovative

HTC Corp's increase in profit were expected to stop due to advancement in its bigger rivals' technology.


HSBC closes retail banking and wealth management in South Korea

HSBC Holdings Ltd would exits its retail banking and wealth management business in Korea to focus more on the profitable enterprises.

CNOOC signs PSC with PetroBroad Copower

CNOOC announced that they have signed a PSC with PetroBroad Copower CNOOC Limited announced that the China National Offshore Oil Corporation (CNOOC), its parent company, has signed a PSC or a production sharing contract with PetroBroad Copower Limited (PetroBroad Copower) to do work for Block 28/03 in Pearl River Mouth Basin.

Trader Karim Kanji Leaves Barclays

Karim Kanji announced his resignation from Barclays Head of coal, dry-freight and iron-ore trader at Barclays Plc (BARC) Karim Kanji announced resignation from the bank.


Latest News

The Swedish government declared a deficit in June. The Swedish government declared a deficit in government payments amounting to SEK6. 4 billion in June, under SEK28.
Azimuth changed its board members prior to Troy Resources' takeover. Azimuth Resources Limited, a company involved in the exploration of gold and uranium in Guyana, announced that there would changes its board members prior to Troy Resources Limited's takeover of the company.
Etihad announced that they are near to closing deal with JAT Airways Etihad Airways announced that they are close to coming to an agreement over an equity investment with JAT Airways.
British Land announced its acquisition of a west London office complex over a deal priced at GBP470 million.
NTT DoCoMo of Japan still refused to make a deal with Apple resulting to the lessening number of customers.
According to sources, Cerberus Capital Management LP and Seibu Holdings Inc would meet to discuss possible listing on the Tokyo Stock Exchange said on Friday.
Panasonic Corp decided to close its Hungarian solar cell plant after the yen weakened and would transfer its equipment to other plants in Asia.
Telenor appointed Stein-Erik Vellan as CEO of Globul. Telenor announced Stein Erik Vellan as the new CEO of Globul, Bulgaria's second largest mobile operator, with a 36% market share.
General Motors wanted to compete with Japanese auto-makers who dominate Indonesia by launching its no-frills Spin van.
GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.