China's CIC to Buy Nine Office Towers in Australia From Morgan Stanley Unit
China's sovereign-wealth fund China Investment Corp. is
purchasing a portfolio of nine office towers in Sydney and
Melbourne from a real estate unit of Morgan Stanley, continuing its
overseas acquisitions to diversify its massive foreign-exchange
holdings. (published 0237 GMT)
SoftBank Committed to Sprint Turnaround -- Update
A top executive of Japan's SoftBank Corp. said the company is
still committed to turning around Sprint Corp., the struggling U.S.
wireless carrier it owns, though it takes a long time for the
telecom industry to change. (published 0231 GMT)
Wynn Resorts Remains Bullish on Macau
Wynn Resorts Ltd. remains bullish on Macau, the world's gambling
capital, despite gambling revenue in China's semiautonomous
territory being on a downward spiral for the past 13 months.
(published 0204 GMT)
Samsung Profit Falls as Smartphone Sales Disappoint
Samsung Electronics Co. said net profit for the second quarter
fell 8% from a year earlier as sales of the company's flagship
Galaxy S6 smartphone fell short of expectations. (published 0136
GMT)
Canada's Suncor Operating Profit Falls on Lower Crude Oil Prices
Suncor Energy Inc., Canada's largest crude-oil producer,
reported a second quarter net gain late Wednesday even as its
operating profit fell due to weaker global crude prices. (published
0159 GMT)
China Shipping Container Lines to Buy 8 Ships for $934.4 Million
China Shipping Container Lines Co. has ordered eight container
ships from two Chinese shipbuilders for US$934.4 million.
(published 0018 GMT)
Future Land Mulling a Restructuring of Shanghai-Listed Jiangsu Future Land
Future Land Development Holdings Ltd. is considering a
restructuring of its Shanghai-Listed unit Jiangsu Future Land Co.,
as it seeks to streamline its operations. (published 0040 GMT)
SingTel Exits Airline Ticket Business Abacus
Singapore Telecommunications Ltd. said Friday that it has signed
a deal to sell its entire 30% equity stake in Abacus Travel Systems
Pte. Ltd. (published 0218 GMT)
Aboitiz Power 2Q Net Profit PHP3.7 Bln, Down 23% On Year
Aboitiz Power Corp. said Thursday that its second-quarter net
profit dropped 23% on year to 3.7 billion pesos, dragged down by
revaluation losses on foreign debts and weaker sales of its power
generation arm. (published 0209 GMT)