QBE INSURANCE WARNS 1H RESULTS WON'T MEET EXPECTATIONS
QBE Insurance Group Ltd. warned its half-year results will fall
short of analysts' expectations, with earnings tumbling about 18%
from a year ago after a jump in claims in Argentina. (published
0041 GMT)
OIL-SANDS PROJECT IS MIRED BY PROBE
A Chinese government anticorruption investigation that already
has swept aside dozens of officials is now stretching into Canada.
A shake-up has hit state-run China National Petroleum Corp.'s
Canadian operations and a billion-dollar oil-sands project is now
in limbo. (published 0001 GMT)
BANK OF COMMUNICATIONS CONSIDERING PLAN FOR INCREASED PRIVATE OWNERSHIP
Chinese lender Bank of Communications Co. is studying a plan
that will allow it to raise the level of private ownership in the
firm to boost its competitiveness. (published 0117 GMT)
NISSAN REPORTS HEFTY PROFIT RISE
Nissan Motor Co. said Monday that sales gains in North America,
China and Europe offset weakness in Japan and some emerging
markets, pushing fiscal first-quarter net profit up 37%. (published
1132 GMT Monday)
SKYMARK AIRLINES IN TALKS WITH AIRBUS ABOUT CANCELING ORDER FOR A380 SUPERJUMBOS
Japanese low-cost carrier Skymark Airlines said it is in talks
with Airbus Group about canceling a $1.7 billion order for up to
six A380 superjumbos as it battles losses amid increased
competition and a weaker yen. (published 0246 GMT)
ORACLE REDUCES STOCK-OPTION GRANTS TO LARRY ELLISON
Oracle Corp. significantly cut its yearly stock grants to Chief
Executive Larry Ellison and other top executives nearly a year
after a wave of shareholder opposition to compensation paid to the
billionaire chief. (published 0214 GMT)