Asian economic and corporate news summary
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BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0500 GMT:
JAPAN:
-Q1 non-financial firms' capital investment up 13.6 pct year-on-year
-May monetary base falls 5.7 pct year-on-year, down for 15th straight month
-Hitachi, Oracle expand IC tags to fight counterfeiting in China
SOUTH KOREA:
-GDP estimate for 2007 revised to 4.8 pct from 4.0 pct - Goldman Sachs
-Daewoo Shipbuilding wins 1.5 bln usd in foreign, domestic orders
-Korean Air confirms reported plan to launch new low-cost carrier
HONG KONG:
-Exchange Fund Q1 investment income 20.7 bln hkd
-United Laboratories Intl to raise up to 825 mln hkd in IPO
-Sunny Optical Technology (Group) to offer 270 mln shares at 3.0-3.82 hkd in IPO
-Wheelock & Co to raise stake in Wharf to 50 pct
-Wing On Travel to buy stake in mainland Chinese luxury trains operator
-Century City obtains a 30-year uranium mining license in Mongolia
-Kingdee Intl sells small stakes to IBM, Lehman Brothers
-ESun Hldgs names former Goldman Sachs official as executive director
-Tianjin Port Devt announces reallocation of 189 mln hkd expenditure
CHINA:
-Govt says US initiative is 'useful complement' to efforts on climate change
-Govt says developing world should not carry too much of climate change burden
-Positive stock market trend to continue after stamp duty hike - editorials
-Mainland markets should be open to Hong Kong, foreign stocks - regulator
-Govt reiterates that it will introduce fuel tax at right time; studying 'environment tax'
-Printer shipments in Q1 2.095 mln printers, up 3.4 pct year-on-year - Analysys
-China, US to sign non-grain biofuel cooperation agreement
-China Yangtze Power sells 2.5 bln yuan in one-year debt
-Foshan Huaxin Packaging to issue 420 mln yuan in 365-day debt
-CAMC Engineering wins 92.33 mln usd deal in Chad
-Trina Solar NY-listed ADS offering priced at 45 usd each
-PacificNet files form 10-Q report with SEC after audit
-Standard Chartered (China) Suzhou branch starts offering yuan services
-UTStarcom China chief executive resigns
-Kelly Services of US to enter mainland through P-Serv acquisition
-France's Societe Generale increases its stake in Fortune SGAM
TAIWAN:
-Central bank to auction 100 bln twd-worth of 364-day CDs June 8
-Taishin Intl Bank May pretax profit 608 mln twd vs 106 mln twd
-Taiwan Cooperative Bank, BNP Paribas Asset to jointly buy Sunrise Asset
-Taishin Intl Bank disposes of 1.30 bln twd in non-performing loans
-China Steel, Brazil's Samarco sign contract for procurement of iron ore pellets
-AU Optronics considers expanding 6th-, 7.5th-generation capacity
MALAYSIA:
-April trade surplus 6.006 bln rgt vs 6.627 bln rgt a year earlier
INDONESIA:
-Gajah Tunggal's proposed 95 mln usd bond issue rated 'B2' - Moody's
-Gajah Tunggal outlook revised to 'positive'; bond rated 'B' - S&P
PHILIPPINES:
-TKC Steel buys 90 pct of Zhangzhou Stronghold Steel
-Alliance Global prices stock offer at 5.759 pesos/share
AUSTRALIA & NEW ZEALAND:
-Australia Q1 company gross profits up 7.6 pct vs Q4 rise of 2.5 pct
-Australian business confidence picks up - Dun & Bradstreet
-ANZ Australia May job ads jump 10.3 pct from April, up 40.8 pct year-on-year
-AnSteel seeking 12.94 pct stake in Gindalbie Metals
-Coca-Cola Amatil signs research and production jv with Anadis
-Macquarie Airports not preparing to bid for Rome airport partner
-Mexico's Cemex wins acceptances for 41.57 pct of Rinker
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