SEOUL, Feb 1- Samsung Electronics Co Ltd Chairman Lee Kun- hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favour on Friday.
SEOUL, Feb 1- Samsung Electronics Co Ltd Chairman Lee Kun- hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favour on Friday.
LONDON, Jan 29- Bumi Plc, the London- listed Indonesian coal mining group riven by a shareholder dispute urged investors on Tuesday to reject British financier Nat Rothschild's proposal to replace the board and back its own plan for peace instead.
*Technical pressure adds to platinum selling below $1,700. *Russia, Turkey sharply added gold reserves in December. NEW YORK, Jan 28- Platinum posted its biggest one-day drop in over a month on Monday, as news the world's largest platinum producer Anglo American Platinum agreed to postpone massive job cuts eased supply fears.
A U.S. division of Royal Dutch Shell PLC said Monday that it has agreed to join a venture that plans to export liquefied natural gas from a terminal near Savannah, Ga.. The terminal company, Southern LNG Co., applied for an export permit from the Department of Energy last March.
*Fourth-quarter EPS falls 55 percent to $1.04. Jan 28- Caterpillar Inc, the world's largest maker of construction equipment, posted a 55 percent drop in quarterly profit on Monday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers.
Jan 28- Caterpillar Inc, the world's largest maker of construction equipment, posted a 55 percent drop in quarterly profit on Monday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers.
MUMBAI, Jan 28- The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.
BEIJING/ STOCKHOLM, Jan 26- Sweden's Volvo said it will surpass Daimler as the world's biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Co.. Volvo will pay 5.6 billion yuan for a 45 percent stake in the JV, giving it access to China where it currently has only a minor presence.
BEIJING, Jan 26- Swedish heavy truck producer AB Volvo said on Saturday it had signed an agreement with China's Dongfeng Motor Group Co. to create a new commercial vehicle joint venture in China, pending official approval. AB Volvo said in a media release it would take a 45 percent stake for 5.6 billion yuan.
SAN FRANCISCO, Jan 25- Japanese gaming billionaire Kazuo Okada has filed a lawsuit in a Nevada court in an attempt to keep his seat on the board of Wynn Resorts Ltd..
*Bail set at $5 mln for Chan Ming Fon. NEW YORK, Jan 25- A former Singapore banker charged with helping Japan's Olympus Corp engineer a $1.7 billion accounting fraud was granted bail by a U.S. judge on Friday.
WOLFSBURG, Germany, Jan 25- Volkswagen may build its first low-cost car in China, a company executive said, as the German group ponders a move into no-frills vehicles to compete with Renault's Dacia and Nissan's Datsun.
HONG KONG, Jan 24- A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show.
*Toshiba favoured on news of GE thermal energy tie-up. Ibiden Co Ltd, which makes printed circuit boards for the iPhone, slid 5.7 percent, while Foster Electric Co Ltd, Taiyo Yuden Co Ltd and Sharp Corp, slipped between 1 percent and 2.5 percent.
Simcere Pharmaceutical Group has agreed to sell its stake in Shanghai Celgen Bio-Pharmaceutical Co. Ltd. for about 302 million yuan. The Chinese drug developer said Tuesday it entered into a share transfer agreement with Devont Asset Management Ltd. on Jan. 15 to sell its roughly 35 percent equity interest in Shanghai, which it acquired in 2009..