S Korea Banks' Household Loan Growth Slows in July
South Korean bank lending to households grew in July at a slower pace than in the month prior, as people took out less mortgage loans amid a vacation season lull in the housing markets, the Bank of Korea said Wednesday.
Hong Kong Airlines to End Hong Kong-London Gatwick All-Business-Class Service From September
Hong Kong Airlines Ltd., the fledgling carrier backed by Chinese aviation-and-leisure conglomerate HNA Group Co., is terminating its all-business-class service between Hong Kong and London because of poor demand, an executive revealed to Dow Jones Wednesday.
Cathay Financial Raises US$254 Million in 2-Year Convertible Bond Sale
Cathay Financial Holding Co. (2882.TW), Taiwan's biggest listed financial conglomerate by assets, said Wednesday it raised US$254 million from the sale of two-year convertible bonds.
UGL Gets A$99.5 Million Contract for Work on BHP's Jimblebar Mine
Engineering firm UGL Ltd. (UGL.AU) said in a statement Wednesday that it has secured a 99.5 million Australian dollar (US$101.4 million) contract from BHP Billiton (BHP) for work on the Jimblebar iron ore mining operation in Western Australia, including building and installing equipment for
Sharp Likely to Review Reform Plan
Sharp Corp. (6753.TO) has entered talks with its creditor banks Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ to review an already disclosed plan to strengthen its financial standing, the Yomiuri Shimbun reported in its Wednesday morning edition.
Spanish Banks to Get First EU Aid Tranche in Next Few Days
Spanish banks will likely receive a first tranche of European Union aid of 30 billion euros ($37.2 billion) in the next few days, reports El Pais in its Wednesday Internet edition, citing sources at the Spanish Finance Ministry.
Asian Shares Rise on Stimulus Hopes
Asian markets crept higher Wednesday, following gains on Wall Street, with Japan ahead of the pack as a weaker yen helped the Nikkei climb to a near one-month high.
Hong Kong Stocks Extend Rally On Resource Sector
Hong Kong stocks rose early Wednesday to set out for a third straight day of gains, with the resource sector particularly strong after another higher finish on Wall Street overnight.
China Pullback Slows Iron-Ore Exports from Australia's Port Hedland
Iron-ore exports from Australia's Port Hedland declined for the second straight month in July as shipments to China fell, port authority figures showed Wednesday.
Sembcorp Marine Gets US$4.03 Billion Sete Brasil Order
Sembcorp Marine Ltd. (S51.SG) said Wednesday it has secured a contract to build five drillships valued at US$4.03 billion for Sete Brasil Participacoes SA, a day after its rival Keppel Corp. Ltd. (BN4.SG) announced a similar contract from the same customer.