Business News Headlines

Mazda says no decision on Ford's stake sale

Sat, 11 Oct 2008 13:00:00 +0800

Mazda says no decision has been reached on Ford possibly selling its stake in the Japanese automaker, as has been reported in Japanese media.

Reports: Chrysler, GM discuss merger, acquisition

Sat, 11 Oct 2008 12:56:00 +0800

General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday.

Ford plans to sell Mazda shares - source

Sat, 11 Oct 2008 12:52:27 +0800

TOKYO, Oct 11 (Reuters) - Ford Motor Co plans to sell its stake in Japan's Mazda Motor Co <7261.T>, a source familiar with the matter said on Saturday.

Vietnam allows ANZ to set up local bank

Sat, 11 Oct 2008 12:47:00 +0800

Vietnam has given the go-ahead for Australia's ANZ bank to set up a wholly owned subsidiary based in Hanoi, an official statement said here Saturday.

Singapore's NOL says drops out of race to buy Hapag-Lloyd

Sat, 11 Oct 2008 12:37:00 +0800

Singapore's Neptune Orient Lines (NOL) has dropped out of the race to buy German container shipping line Hapag-Lloyd, NOL said.

FCC sides with NFL Network in dispute with Comcast

Sat, 11 Oct 2008 12:32:00 +0800

The Federal Communications Commission has sided with the National Football League in a long-running programming dispute with Comcast Corp., ruling that Comcast should carry the league's NFL Network on its popular digital cable package.

China's central bank pledges global cooperation

Sat, 11 Oct 2008 12:27:00 +0800

China's central bank has pledged to continue international cooperation to tackle the global financial crisis and maintain market stability, according to state media.

China's FAW Car estimates Q3 profit fell 5 pct

Sat, 11 Oct 2008 11:42:55 +0800

SHANGHAI, Oct 11 (Reuters) - FAW Car Co <000800.SZ>, a unit of one of China's three largest auto makers, First Automotive Works, estimated on Saturday that its net profit in the July-September quarter fell about 5 percent from a year earlier.

China Eastern Air predicts large nine-month loss

Sat, 11 Oct 2008 10:48:39 +0800

SHANGHAI, Oct 11 (Reuters) - China Eastern Airlines Corp, one of the country's three biggest carriers, said on Saturday that it expected to post a "relatively large" net loss for the first nine months of this year.

Developing nations blast West for failed aid promises

Sat, 11 Oct 2008 10:26:08 +0800

(Recasts with details from news conference)