DBS GROUP TO INVEST CNY2.3 BLN CAPITAL INTO CHINA UNIT TO EXPAND
DBS Group Holdings Ltd., southeast Asia's biggest bank by
assets, Wednesday said it will invest CNY2.3 billion into its China
unit to expand. (published 2353 GMT)
AUSTRALIAN UNION SEEKS TO BLOCK BHP BALLOT OF COAL WORKERS
An Australian labor union has applied to the country's
independent industrial umpire to prevent BHP Billiton Ltd. from
balloting members over a proposed new workplace agreement, arguing
hundreds of coal mine workers have yet to receive information packs
outlining details of the offer. (published 2358 GMT)
ASCIANO SAYS UNABLE TO REACH AGREEMENT WITH MARITIME UNION
Asciano Ltd. said Wednesday it has been unable to reach an
agreement with the Maritime Union of Australia over a new workplace
agreement for container terminal employees. (published 2232
GMT)
MEDIATEK TO BUY SWEDISH CORESONIC FOR US$35 MLN
Taiwan's chip-design company MediaTek Inc. said late Tuesday it
has agreed to acquire Sweden-based wireless-technology firm
Coresonic AB for US$35 million. (published 0018 GMT)
ORIENT OVERSEAS UNIT APPOINTS ANDY TUNG AS CEO
Orient Overseas Container Line Ltd.--a wholly owned unit of
Orient Overseas Ltd. --said Wednesday Chief Operating Officer Andy
Tung is to become chief executive officer from July 1, replacing
Philip Chow who is retiring. (published 0054 GMT)
GARUDA CEO: NEGOTIATING TO BUY AIRBUS JETS
PT Garuda Indonesia is finalizing a deal to buy aircraft from
Airbus, its Chief Executive Emirsjah Satar said Wednesday.
(published 0049 GMT)