China Paying Close Attention to Risks From Property Loans - Report
The Chinese authorities are weighing the possibility of implementing further property tightening measures as they pay close attention to the risks that property loans could pose to the banking system, the Shanghai Securities News reported Tuesday, citing unnamed people familiar with the matter.
Philippine Airlines Expects $300 Million in Annual Savings From Fleet Redeployment
Philippine Airlines Inc. expects to save around $300 million a year from its plan to use its new Boeing Co. (BA) 777 jets for long-haul routes while redeploying other aircraft to handle shorter routes, which will increase efficiency and profitability, the carrier's president said late Monday.
Brazil Retailer Grupo Pao de Acucar Appoints Financial Director
Brazil's largest retailer, Grupo Pao de Acucar, on Monday appointed Christophe Hidalgo to take over as chief financial officer, the most senior management change since France's Casino Guichard-Perrachon SA (CGUSY, CO.FR) took control of the company in late June.
Peru's Humala Names Juan Jimenez Prime Minister
LIMA, Peru--Peru's President Ollanta Humala on Monday shuffled his cabinet, moving his one-time justice minister Juan Jimenez over to the high-profile post of prime minister.
Brazil's Vale Appoints Luciano Siani CFO to Replace Tito Martins
Brazilian mining company Vale SA (VALE, VALE3.BR, VALE5.BR) on Monday said Luciano Siani has been named as chief financial officer to succeed Tito Martins, who will leave the company.
Billabong Says Received Offer From TPG
Billabong International Ltd. (BBG.AU) said Tuesday it received a bid from private equity firm TPG International LLC at A$1.45 a share, valuing the company at 695.6 million Australian dollars (US$713.4 million).
Hong Kong Typhoon To Cancel Morning Stock Trade
Hong Kong Exchange & Clearing Ltd. were set to cancel Tuesday's morning stock and derviatives trading session due to extreme weather, although the market looked likely to open for the afternoon session.
PTT Exploration & Production to Pay THB2.80/Share Dividend for 1st Half Operations
PTT Exploration & Production PCL (PTTEP.TH) said late Monday its board approved a plan to pay an interim dividend of THB2.80 per share for its first-half operations.
PTT Exploration & Production 2Q Net Profit Down 31%, Expenses Surge
PTT Exploration & Production PCL (PTTEP.TH) said Tuesday that its second-quarter net profit fell 31% from a year earlier due mainly to higher expenses and income tax.
CommSec, Citigroup Got Australia ABS Retail Data Early
Commonwealth Bank of Australia (CBA.AU) and Citigroup Inc. (C) received retail sales data for March early because of a mistake by the Australian Bureau of Statistics, or ABS, the banks confirmed on Tuesday.