NXP, FREESCALE AGREE TO MERGER -- 4TH UPDATE
NXP Semiconductors NV and Freescale Semiconductor Ltd. have
agreed to merge in a deal that values Freescale at $11.8 billion
and which would create a combined company with a market value of
more than $30 billion. (published 0215 GMT)
BRITISH AIRWAYS PARENT BOOSTS TARGET FOR PROFIT
British Airways parent International Consolidated Airlines Group
SA raised its 2015 operating profit target 22% based on further
cost discipline, after the company posted a sharp jump in net
profit for last year as Spanish unit Iberia ended a stretch of
losses. (published 0203 GMT)
AUSTRIA HALTS PAYMENTS ON HYPO ALPE-ADRIA DEBTS
Austria on Sunday said it is halting payments on more than EUR11
billion in debts of Hypo Alpe-Adria-Bank International AG until it
has found a way of winding down the nationalized lender without
more costs for taxpayers. (published 0109 GMT)
ORIENT VICTORY CHINA EXPECTS SUBSTANTIAL DROP IN 2014 PROFIT
Orient Victory China Holdings Ltd. expects a substantial decline
in 2014 profit due to losses from the disposal of financial assets.
(published 0013 GMT)
BESTWAY INTERNATIONAL TO RAISE HK$235.2 MILLION IN SHARE PLACEMENT
Bestway International Holdings Ltd. said Monday it is raising
235.2 million Hong Kong dollars in a share placement. (published
0039 GMT)
NEW WORLD DEVELOPMENT RE-DESIGNATES ADRIAN CHENG AS VICE-CHAIRMAN
New World Development Co. said Monday Executive Director Adrian
Cheng will be re-designated as a vice chairman at the blue-chip
property developer from April 1. (published 0024 GMT)
CIMB GROUP SHARES OPEN 0.7% LOWER AFTER WEAK 4Q EARNINGS
Shares of CIMB Group Holdings Bhd fell Monday after the
second-largest lender in Malaysia reported an 81% slump in
fourth-quarter earnings. (published 0137 GMT)
TANRICH FINANCIAL APPOINTS YU WEIJIA AS CHAIRMAN WITH IMMEDIATE EFFECT
Tanrich Financial Holdings Ltd. has appointed Yu Weijia as
chairman at the Hong Kong-based brokerage house, with immediate
effect. (published 0100 GMT)