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News Highlights: Top Equities Stories of the Day

Date : 08/01/2013 @ 06:15
Source : Dow Jones News

News Highlights: Top Equities Stories of the Day

 
 
SINOPEC ENGINEERING SUBMITS LISTING APPLICATION FOR US$1.5 BLN HK IPO -SOURCES 

Sinopec Engineering Co., an engineering unit of state-owned China Petrochemical Corp., has submitted a listing application to Hong Kong's stock exchange for a US$1.5 billion initial public offering, two people with direct knowledge of the matter told Dow Jones Newswires Tuesday. (published 0515 GMT)

 
 
SAMSUNG ELECTRONICS ESTIMATES RECORD QUARTERLY PROFIT IN FOURTH QUARTER 

Samsung Electronics Co. said Tuesday it estimates another record quarterly operating profit for the fourth quarter, indicating that the South Korean technology giant continued to benefit from strong demand for its smartphones despite stiff competition and a global patent dispute with rival Apple Inc. (published 2354 GMT)

 
 
CARLYLE GROUP RAISES US$796 MLN IN CHINA PACIFIC SALE - SOURCE 

U.S. private equity firm Carlyle Group LP has raised US$796 million by selling its remaining stake in China Pacific Insurance Co., a person familiar with the matter said Tuesday, marking the end of a lucrative investment in the Chinese insurer. (published 0118 GMT)

 
 
YANCOAL SECURES US$596 MILLION DEBT FACILITY FROM YANZHOU COAL 

Yancoal Australia Ltd. said Tuesday it had secured a US$596 million loan facility from its majority shareholder, Yanzhou Coal Mining Co. Ltd. (published 2246 GMT)

 
 
FORTESCUE DENIES REPORTS OF ABNORMAL DELAYS TO SHIPMENTS 

Fortescue Metals Group Ltd. said it wasn't experiencing any unusual delays to iron-ore shipments, refuting a media report claiming unspecified equipment problems were holding up the loading of cargoes. (published 0431 GMT)

 
 
WSJ: ANOTHER FIRE HITS BOEING 787 

U.S. aviation safety officials are probing an electrical fire that hit a three-week-old Boeing Co. 787 Dreamliner on Monday, just after passengers and crew had left a Japan Airlines Co. flight at Boston's Logan International Airport. (published 2354 GMT)

 
 
ASAHI: AIM TO SELL 164 MLN CASES OF BEER IN 2013, UP 0.5% 

Asahi Group Holdings Ltd. said Tuesday it is targeting sales of 164 million cases of beer this year, up 0.5% from its sales estimate for 2012. (published 0506 GMT)

 
 
SHANGHAI STOCK EXCHANGE UNVEILS NEW RULES TO BOOST DIVIDEND PAYMENTS 

Shanghai's stock exchange has issued new rules aimed at encouraging listed companies to pay out more cash dividends, as part of a country's broader campaign to boost the local stock market. (published 0457 GMT)

 
 
FIRES MAY WIPE 10% OFF TASMANIA FARM PROFITS IN FY13-FARM LOBBY 

Wildfires have destroyed an area that accounts for 10% of Tasmania's agricultural earnings and may be starting to spread to some of the Australian state's most productive farmland, the head of the state's main farm lobby group said Tuesday. (published 0530 GMT)

 
 
 


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