China could soon witness a rare hostile takeover battle as Sany would make a bid this month for rival Xugong Group Construction Machinery
Media Release
Jun. 16, 2006

China could soon witness a rare hostile takeover battle after the chief executive of Sany Heavy Industry insisted on Thursday his company would make a bid this month for rival Xugong Group Construction Machinery, which then dismissed him as “irresponsible”.

China could soon witness a rare hostile takeover battle as Sany would make a bid this month for rival Xugong Group Construction Machinery
Media Release
Xiang Wenbo said the heavy machinery maker would present by July a takeover proposal to the main shareholders of Xugong and the relevant authorities.
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EADS, the parent company of Airbus, is facing twin probes by French stock market authorities and its main shareholders
Media Release
EADS, the parent company of Airbus, is facing twin probes by French stock market authorities and its main shareholders following its shock profit warning and admission of delays on its flagship A380 airliner.
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Ben Bernanke upbeat on economy and higher oil price
Media Release
Ben Bernanke, Federal Reserve chairman, eased nerves on Thursday with a measured assessment of the threat posed by higher energy prices to inflation and growth, as stocks advanced worldwide.
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The US on Thursday signalled it would not fight efforts to create an Asian currency unit
Media Release
The US on Thursday signalled it would not fight efforts to create an Asian currency unit, turning the page on over a decade of largely consistent opposition to Asian monetary integration.
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Carryover stocks at the end of this crop year are projected to drop to 57 days of consumption, the shortest buffer since a 56-day-low in 1972 triggered a doubling of grain prices
Media Release
The grain prices can double soon like in 1972.
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Bank of America's India operations have reported a 80 per cent jump in net profit
Media Release
Bank of America's India operations have reported a 80 per cent jump in net profit at Rs 144.6 crore for the year ended March 31, 2006 as against Rs 80.5 crore last year.
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European Union governments were likely to turn down a US proposal on airline ownership and control
Media Release
The head of Air France-KLM on Wednesday warned that European Union governments were likely to turn down a US proposal on airline ownership and control, endangering plans for a new transatlantic aviation pact.
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Shui On Land, the Chinese property flagship of Hong Kong tycoon Vincent Lo postpones its $1bn offering
Media Release
Shui On Land, the Chinese property flagship of Hong Kong tycoon Vincent Lo, on Thursday announced that it would postpone its $1bn offering because of poor market conditions.
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Japanese stocks continued to gain ground on Thursday morning
Media Release
Japanese stocks continued to gain ground on Thursday morning, amid fresh buying in technology and banking stocks. The Nikkei 225 closed the morning session up 1.2 per cent at 14,482.
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