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Business 04 Jan 2003 | 12:00 AM

Foreign business news briefs

Foreign business news briefs including from New York that IBM Corp has closed a deal to sell its hard-disk drive assets to Hitachi Ltd for US$2.05bil, as part of an effort to cut non-performing assets.

Business 09 Jan 2003 | 12:00 AM

News Corp to gain broader China broadcast rights

News Corp#8217;s year-old Mandarin-language TV channel is set to gain new rights from Beijing which will expand its broadcast area in China to selected venues throughout the country, according to an industry source.

Business 28 Jan 2003 | 12:00 AM

Investors go for PGas and MISC

INVESTORS, especially local institutional funds, are beginning to shift some of their portfolio funds into shares of Petronas Gas Bhd and Malaysian International Shipping Corp Bhd (MISC) amid growing fears of a US-led strike against Iraq.

Business 12 Feb 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Hong Kong that the chief executive of Asia Television (ATV) is reportedly in talks to sell part of his stake in the company to several investors, including Japan#8217;s Dentsu group.

Business 14 Feb 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Hong Kong That China Resources Power (CRP) is reportedly buying four mainland power plants from Sithe, an independent power producer under French-American media group Vivendi Universal.

Business 26 Feb 2003 | 12:00 AM

Dairy Farm net profit 11-fold up

Retail group Dairy Farm International Holdings Ltd reported yesterday that its net profit surged more than 11 times last year, boosted by the sale of its New Zealand supermarket business, and said it was planning a major share buyback.

Business 04 Mar 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Mana that Coca-Cola Co is shifting its Middle East and North Africa headquarters from Manama, Bahrain, to Athens.

Business 12 Mar 2003 | 12:00 AM

Foreign business briefs

Foreign business news in brief including from Beijing that BASF AG has secured limited recourse financing worth US$1.4bil from a consortium of banks jointly led by Industrial and Commercial Bank of China and Citibank for BASF-YPC Co Ltd, the German company's US$2.9bil joint venture with China Petroleum Chemical Corp.

Business 13 Mar 2003 | 12:00 AM

tom.com in talks to buy into AOL's China broadcast unit

Media company tom.com has confirmed it is in early talks on buying a stake in AOL Time Warner Inc#8217;s China Entertainment Television (CETV) channel, which broadcasts in south China.

Business 15 Mar 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Melbourne that Australian brewer Lion Nathan Ltd is merging its ready-to-drink (RTD) arm Indio in a 50:50 joint venture with Bacardi-Martini to market, sell and distribute RTD and spirits brands in the country.

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