China Merchants Bank forecasts doubled H1 net profit

CHINA Merchants Bank said its unaudited net profit for the first half of this year would more than double compared with 6.12 billion yuan (US$886.96 million) in the first half of 2007. The rise was driven by...

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Oil prices back off from record in previous session

OIL prices fell more than US$1 a barrel yesterday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action...

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Chrysler accelerates into China with Great Wall deal

CHRYSLER LLC is accelerating its development in China by beginning a long-term strategic business relationship with China's Great Wall Motor Co, the company said yesterday. The United States' third largest car...

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Daewoo takeover spurs selling

DOOSAN Group, parent of South Korea's largest excavator maker, said it may sell property and infrastructure assets to finance a bid worth US$3.4 billion to take over Daewoo Shipbuilding & Marine Engineering Co. ...

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Stockholder revolt as brewery suits rise

ATTORNEYS for Anheuser-Busch Cos Inc have argued that two shareholder lawsuits in the brewer's hometown should be suspended. The move comes as a Delaware judge considers nearly a dozen similar lawsuits related...

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