Daum Kakao to Buy Path's Social Media Services -- 2nd Update
In a sign that the battle for control of mobile messaging is
heating up, the operator of South Korea's dominant messaging app
said Friday that it would acquire two of San Francisco-based Path
Inc.'s services for an undisclosed amount. (published 0452 GMT)
China Bad-Loan Bank Denies Making $200 Million Loan to Hanergy
China Huarong Asset Management Co., one of the country's largest
buyers of bad debt, said Friday it didn't extend a $200 million
loan to clean-energy producer Hanergy Holding Group or its
subsidiaries. (published 0539 GMT)
Vivendi Closes GVT Sale, Gets Telecom Italia Stake
Vivendi SA on Friday said it has completed the sale of its
Brazilian telecom unit GVT to Telefónica SA, a move that will add
another cash pile to its already large money reserve and make the
French group a significant shareholder in Italian telecom company
Telecom Italia SpA . (published 0555 GMT)
Cathay Pacific Flight Attendants' Union Puts Off Strike in August
Flight attendants at Cathay Pacific Airways Ltd. have put on
hold a planned strike during the summer after they reached an
agreement with the airline over pay and benefits. (published 0422
GMT)
Ctrip Says Outage Due to Staff Error, Not Hack
Ctrip.com International Ltd. on Friday blamed staff error rather
than a hack for an outage on Thursday. (published 0438 GMT)
AirAsia Rises as Much as 5.3% on 1Q Net Profit Growth
Shares in AirAsia Bhd. rose as much as 5.3% on Friday after the
airline's first-quarter net profit rose 6.9%, mainly on a one-time
gain from the partial sale of a stake in an online travel venture.
(published 0444 GMT)
Moody's Upgrades Four Top U.S. Banks--Update
Morgan Stanley received a long-awaited ratings upgrade from
Moody's Investors Service, an endorsement of the firm's strategy
shift and a move that could help the bank pick up new trading
clients. (published 0138 GMT)
Sincere's Last FY Net Loss Widens to HK$122.6 Mln
Department store operator Sincere Co.'s losses widened in the
last fiscal year, as retail demand in Hong Kong weakened and
operating costs rose. (published 0157 GMT)
CST Mining Group: Raising Up to HK$540 Million Via Share Placement
CST Mining Group Ltd. a miner of copper and other mineral
resources, said Friday it is raising up to HK$540 million from a
share placement to fund potential investments and for general
working capital. (published 0138 GMT)
Jinhui Shipping & Transportation Swings to Net Profit
Jinhui Shipping & Transportation Ltd., the Norway-listed,
Bermuda-based ship chartering company, said Friday it swung to a
first-quarter net profit as continuing cost-cuts and a settlement
from a legal claim helped boost earnings. (published 0539 GMT)
Vestas Wind Systems Gets 99 MW Order in Mexico
Denmark's Vestas Wind Systems A/S said Friday it has received a
firm and unconditional order in Mexico for 30 V112-3.3 MW turbines,
with a total capacity of 99 MW. (published 0509 GMT)
Oi Wah Pawnshop Credit Holdings: Year Ended Feb Net Profit HK$80.1 Mln
Pawn loan business Oi Wah Pawnshop Credit Holdings Ltd. said
Friday its net profit for the year ended February 2015 rose to 80.1
million Hong Kong dollars from HK$41.1 million a year ago.
(published 0438 GMT)