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April 1, 2008 |
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* S&P Says New Zealand Firms Face More Downward Ratings Pressure Global market uncertainty and softening local-market conditions pose greater downward than upward ratings pressure for the New Zealand (N.Z.) finance company industry, according to a Standard & Poor's Ratings Services report. Nevertheless, most rated... Read More |
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BANK OF SHANGHAI: Seeks to Improve Services to SMEs Bank of Shanghai will provide better financial services for local small enterprises in the future, said its assistant to president He Qing at a press conference for small enterprises held on March 18... Read More |
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C&M CO: S&P Downgrades Long-Term Corporate Credit Rating to 'B' Standard & Poor's Ratings Services had lowered its long-term corporate credit rating on C&M Co. Ltd. to 'B' from 'BB+'. The rating was removed from CreditWatch with negative implications, where it was placed on Feb. 20, 2008... Read More |
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HUAXIA BANK: Targets Slower Profit Growth at 24% Shanghai Daily reports that Hua Xia Bank Co. has targeted a slower profit growth of 24% this year on a tight monetary policy. According to the report, the bank targeted a gross profit of CNY4.74 billion (US$676 million) in 2008 after its profits grew... Read More |
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MAZDA MOTOR: Domestic Sales Up 5.9% for February 2008 Mazda Motor Corporation's domestic sales for the month of February has increased 5.9% year-on-year to 24,900 units... Read More |
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OPES PRIME: Placed in Receivership Due to Some Irregularities Ferrier Hodgson Partners John Lindholm, Peter McCluskey and Adrian Brown have been appointed Administrators by the directors of Opes Prime Group Limited and a number of its subsidiaries and related entities including, Opes Prime Stockbroking Limited... Read More |
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PERUSAHAAN GAS: 2007 Net Profit Down 16.9% to IDR1.57 Trillion PT Perusahaan Gas Negara's 2007 net profit decreased 16.9% to IDR1.57 trillion from IDR1.89 trillion a year earlier, as the firm was hit by US$55 million in foreign exchange losses, Reuters relates... Read More |
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TATA MOTORS: EU to Rule on Jaguar & Land Rover Deal by April 30 The European Commission said it would rule on Tata Motor Ltd.'s proposed takeover of Ford Motor Co.'s Jaguar and Land Rover units by the end of April, various reports say... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
