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Samsung Group is selling stakes in four chemical and defence firms for 1.9 trillion won (HK$13.3 billion) to Hanwha Group in the latest move in the restructuring South Korea’s largest conglomerate.
Indian eCommerce market to hit $15 bn: Google
NEW DELHI: Increasing Internet penetration and growing preference for shopping online will drive the eCommerce market in India to USD 15 billion by 2016 with a whopping 100 million people going online to shop, tech giant Google has said.
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Vitasoy International, the largest Hong Kong beverage maker, reported a 22 per cent growth in net profit to HK$222 million for the six months ended September 30, boosted by strong growth in China and in Hong Kong.
Amax International, a junket operator controlled by Macau businessman Ng Man Sun, plans to raise HK$9.21 million in a share placement to up to six investors, according to a filing with the Hong Kong stock exchange on Wednesday.
CME Group, the world's largest futures market operator, should continue to develop strategies to detect an illegal trading practice known as "spoofing", the US Commodity Futures Trading Commission said.
Japan's loss-making Sony Corp is targeting a near 70 per cent jump in revenue for its electronic devices division over the next three years, even as it warned further restructuring was in store for its television and smartphone units.
So much money is chasing after China's next round of initial public offerings that the nation's US$4.3 trillion stock market has become hostage to the fundraising plans of companies seeking just US$1.3 billion.
Yes, it is an old story, but the British pound has gained against the euro since July last year when 87 pence were needed to buy one unit of the single currency.
Weak sales of gold products saw Chow Tai Fook Jewellery Group, the world's largest jewellery retailer by market value, post a 23 per cent drop in half-year profit yesterday.