Thai tycoons plan to raise $891 million from property funds
BANGKOK (Reuters) – Thai real estate companies controlled by Charoen Pokphand Group (CP) and TCC Group plan to raise a combined 28 billion baht ($891 million) from selling separate property funds to the public, fund manager Krung Thai Asset Management …
Flybe CFO resigns, three board members step down
(Reuters) – Europe’s largest regional airline Flybe Group Plc , which appointed a new chief executive last month, said its chief financial officer had resigned.
Analysis: TransCanada’s East Coast oil pipeline to change trade dynamics
(Reuters) – TransCanada Corp’s plan to build one of the world’s longest oil pipelines has reverberations far beyond Canadian shores.
China HSBC services PMI shows some resilience
BEIJING (Reuters) – Activity in China’s services sector defied the country’s economic cool down to expand modestly in July, a private survey showed on Monday, as new business orders recovered from a multi-year low in a rare sign of resilience.
Australian miners facing bust look to China’s Zijin
KALGOORLIE, Australia (Reuters) – Gold miner Dianmin Chen – running Australia’s Norton Gold Ltd for China’s biggest gold producer Zijin Mining Group – says there’s still money to be made in mining.
U.S. ambulance operator Rural/Metro files for bankruptcy
(Reuters) – Ambulance operator Rural/Metro Corp, owned by private equity firm Warburg Pincus, filed for Chapter 11 bankruptcy with the aim of cutting its debts after it missed an interest payment in July, according to court filings.
GM says July China auto sales up 11.1 percent year on year
BEIJING (Reuters) – General Motors Co and its Chinese joint ventures sold 221,580 vehicles in China in July, up 11.1 percent from a year earlier, the U.S. automaker said on Monday.
Australia new vehicle sales up 4.1 percent in July: industry
SYDNEY (Reuters) – Sales of new vehicles in Australia were up 4.1 percent in July, compared to the same month last year, though down from a record peak in June when demand is typically boosted by end of financial year discounts.
Beijing invites foreign bids for $55 billion in infrastructure projects
SHANGHAI (Reuters) – Beijing’s Commission of Reform and Development, the city’s economic planner, will invite foreign investors to bid on 126 urban infrastructure projects collectively seeking 338 billion yuan ($55 billion) in financing, the China Dail…
Analysis: T.J. Maxx, others look past chaos to e-commerce bonanza
NEW YORK (Reuters) – Low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc’s Off Fifth outlets, making 2013 the year technology may have caught up with the speed of fashion.
