Sydney - Shares in Lion Nathan Ltd leapt 40 per cent Monday after Australia's second-largest brewer agreed to a 6.5-billion-Australian-dollar (4.6-billion-US-dollar) takeover offer from Japanese beer maker Kirin Holdings Co Ltd.
Lion Nathan's board has agreed to sell Kirin the 54 per cent of shares it doesn't already own in the brewer that counts the beer brands Tooheys, James Boag, James Squire, Heineken, Hahn and XXXX in its stable.
The deal needs the approval of the Foreign Investment Review Board and non-Kirin shareholders.
New Delhi, Apr 25 : China earned 82.5 billion dollars from nearly two trillion dollars in foreign exchange reserves last year, and is now the fifth largest holder of gold in the world.
Hu Xiaolian, head o9f the State Administration of Foreign Exchange (SAFE), said on Friday that the 82.5 billion dollars return was an increase of 8 percent on the year before, and dismissed foreign media reports that China had lost "tens of billions of dollars" on the value of its reserves during the economic crisis.
Bangkok - US-based Natureworks LLC, the world's largest producer of bioplastics, has shortlisted four countries - Thailand, China, Malaysia and Singapore - for a 100-million-dollar plant in Asia, news reports said Saturday.
Marc Verbruggen, president of the Minneapolis-based company, was in Bangkok recently to assess Thailand's potential as a base for its Asia plant which is expected to start operations in 2014.
San Francisco - Apple has fired some 1,600 employees from its chain of retail stores due to slackening consumer demand, the Wall Street Journal reported Friday.
The job cuts were referenced in a securities filing by Apple Thursday in which the company said it had 14,000 full-time equivalent employees in its retail division as of March 28, down from the 15,600 as of the end of December.
The move came as Apple's recent earnings report showed a drop in sales for its Mac computer line, which is the biggest earner at the stores.
Singapore - Capitaland Ltd, one of Asia's largest real estate developers, said Friday its first quarter net profit dropped nearly 83 per cent from the same period a year ago amidst unprecedented challenges arising from the global financial downturn. In the three months that ended March the Singapore-based company reported net profits of 42.9 million Singapore dollars (28.6 million US dollars), down from 247.5 million Singapore dollars a year earlier, Capitaland said in a statement.
New York - The tool maker Black & Decker barely scraped into the black with its first quarter results as floundering European demand and the rising dollar ate into profit margins, company results released Thursday showed.
The US firm is projecting diminishing returns for the rest of the year, after earnings dropped by more than 90 per cent from the first quarter last year, to 5 million dollars. Revenues were down by 30 per cent to 1.1 billion dollars.
The results were worse than the firm had expected, prompting an even harsher search to save money, the company said.
Sydney - Shares in Lion Nathan Ltd leapt 40 per cent Monday after Australia's second-largest brewer agreed to a 6.5-billion-Australian-dollar (4.6-billion-US-dollar) takeover offer from Japanese beer maker Kirin Holdings Co Ltd.
New Delhi, Apr 25 : China earned 82.5 billion dollars from nearly two trillion dollars in foreign exchange reserves last year, and is now the fifth largest holder of gold in the world.
Bangkok - US-based Natureworks LLC, the world's largest producer of bioplastics, has shortlisted four countries - Thailand, China, Malaysia and Singapore - for a 100-million-dollar plant in Asia, news reports said Saturday.
San Francisco - Apple has fired some 1,600 employees from its chain of retail stores due to slackening consumer demand, the Wall Street Journal reported Friday.
Singapore - Capitaland Ltd, one of Asia's largest real estate developers, said Friday its first quarter net profit dropped nearly 83 per cent from the same period a year ago amidst unprecedented challenges arising from the global financial downturn. In the three months that ended March the Singapore-based company reported net profits of 42.9 million Singapore dollars (28.6 million US dollars), down from 247.5 million Singapore dollars a year earlier, Capitaland said in a statement.
New York - The tool maker Black & Decker barely scraped into the black with its first quarter results as floundering European demand and the rising dollar ate into profit margins, company results released Thursday showed.
