SAIC Motor Sells 320,568 Cars in July, up 18% on Year
SAIC Motor Corp. (600104.SH), China's largest car maker by sales, said Monday it and its joint ventures sold 320,568 cars in July, up 18% from a year earlier.
Polish Post Likely To Accept PKO BP's Offer for Postal Bank
Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA), Poland's No. 1 bank by assets, expects the country's government-owned postal service company to accept its offer to buy out the postal service's stake in Bank Pocztowy SA, Chief Executive Zbigniew Jagiello said Monday. PKO BP already holds a 25%
Volvo Cars CEO Has No Plan To Move To GM's Opel - Volvo Spokesman
The chief executive of Sweden's Volvo Cars Corp., Stefan Jacoby, has no plans to take over the top position at the troubled Opel/vauxhall division of General Motors Co. (GM), a spokesman for Volvo said Monday.
Singapore Airlines Unit SilkAir Names Leslie Thng As New CEO
Singapore Airlines Ltd. (C6L.SG) unit SilkAir said Monday that Leslie Thng will succeed Marvin Tan as the regional carrier's chief executive from Sept. 3.
SFR Sues France Telecom for Alleged Unfair Competition - Report
Vivendi's (VIV.FR) telecom operator unit, SFR, is suing France Telecom (FTE.FR), parent company of Orange, for 218 million euros ($270 million) in damages over alleged unfair competition regarding specific high-speed Internet packages for second homes, French business weekly L'Expansion reports
Standard Bank Places Offshore Renminbi Bonds With African Central Banks
Standard Bank Group Ltd. (SBK.JO) said Monday it was the sole bookrunner for the placement of China Development Bank Corp.'s most recent placement of three-year offshore bonds worth 500 million renminbi ($79 million) to African central banks.
PKO BP CEO: See Provisions In Coming Quarters Flat Vs Second Quarter
Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA), Poland's largest bank by assets, expects its provisions against bad loans in coming quarters to be of a similar size to its second-quarter provisions, Chief Executive Zbigniew Jagiello said at a news conference Monday.
AngloGold Ashanti Profit Drops On Higher Spending, Taxes
AngloGold Ashanti Ltd. (AU), Africa's largest gold producer, Monday said its second-quarter profit fell compared with the same period a year earlier due to higher capital expenditure and a higher tax charge, but the decline was expected after the company had warned the market in July.
Cnooc Shares Up on Unconventional Natural Gas Deal
Cnooc Ltd. (0883.HK) shares rose as much as 3.3% in Hong Kong on Monday, buoyed by news that the blue-chip offshore oil producer signed a deal Friday to develop coalbed methane in China over the next three decades, as part of efforts to expand into alternative energy sources in order to meet
Siemens Consortium Gets Steel Plant Order In India
A consortium led by industrial conglomerate Siemens AG's (SI) VAI Metals Technologies unit has received an order for a steel making plant from an enterprise owned by the Indian government, Siemens said Monday.