HP Earnings: 87 Cents EPS, $27.58 Billion Revenue vs. Estimates of 81 Cents EPS, $28.01 Billion Revenue
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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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WUXI, China/ HONG KONG, May 22- Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.
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*China power producers slump again, hit by Citi downgrade. HONG KONG, May 22- Hong Kong shares fell further from 3-1/ 2- month highs on Wednesday and mainland China markets were mixed as Chinese power producers extended losses after a broker downgrade added to fears of lower profit margins.
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HONG KONG, May 22- Hong Kong shares fell further from a 3-1/ 2- month high on Wednesday, with Chinese power producers extending losses, hit by a Citi downgrade on fears that a possible tariff cut could hurt profit margins.
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SHANGHAI/ HONG KONG, May 22- Chinese commodities firms importing everything from gold and rubber to base metals are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing's orders to rein in currency speculation.
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HONG KONG, May 22- China shares ended mixed on Wednesday, with power producers extending losses on lingering concerns that potential coal import curbs could hurt margins. The CSI300 of the leading Shanghai and Shenzhen A-share listings edged up 0.1 percent.
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HONG KONG, May 22- Hong Kong shares started Wednesday afternoon trading lower after a severe rainstorm forced the cancellation of the morning session, with Chinese power producers again weak. The Hang Seng Index opened down 0.1 percent at 23,341.1. The China Enterprises Index of the top Chinese listings in Hong Kong also started 0.1 percent lower.
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HONG KONG, May 22- China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial association as saying that May car sales could stay strong.
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DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said. VL Automotive and China's Wanxiang Group are looking to gain control of Fisker through a prepackaged bankruptcy.
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DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer to buy cash-strapped "green" car company Fisker Automotive this month, people familiar with the matter said.
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DETROIT, May 21- A boutique carmaker led by a former General Motors Co executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said.
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HONG KONG-- Fans know her as the sweet schoolgirl in the 2011 blockbuster "You Are the Apple of My Eye." After she graduated from the University of Southern California and returned home to Taiwan, her initial attempts to break into the island's music scene hit a brick wall.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China, while China markets eked out a fifth straight daily gain,. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.9 percent.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. *As of 0800 GMT, Industrial and Commercial Bank of China shed 2.1 percent after Goldman Sachs ended a seven-year investment in the country's largest lender.
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HONG KONG, May 21- China shares eked out a fifth-straight gain on Tuesday, as strength in technology counters outweighed lingering weakness among power producers due to concerns that potential curbs on lower quality coal imports could hurt margins. The Shanghai Composite Index ended up 0.2 percent at 2,305.1.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent.
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HONG KONG, May 21- Hong Kong shares were poised to start down from a 3-1/ 2- month high on Tuesday, with Industrial and Commercial Bank of China sliding 1.8 percent after Goldman Sachs launched a sale of their remaining stake in the leading Chinese lender.
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NEW YORK-- American International Group Inc. said Monday that it will spend $718.1 million Hong Kong dollars in a rights offering by Chinese insurance company PICC Property and Casualty Company Ltd.. The company is a subsidiary of The People's Insurance Company of China Ltd. and is traded in Hong Kong.
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*Pactera expects to form special committee to assess offer. *Pactera shares up 30 percent. May 20- Pactera Technology International Ltd said on Monday that Blackstone Group LP, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private.
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SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
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HONG KONG, May 20- Goldman Sachs Group Inc launched the sale of about $1.1 billion worth of Hong Kong- traded shares in Industrial and Commercial Bank of China on Monday, offering its entire remaining stake in the world's biggest bank by market value. The sale would be the final chapter in Goldman's investment alongside clients and employees in China's ICBC.