JAPAN:
-Sumitomo Trust yr to March net profit 100.1 bln yen vs 96.9 bln
-Sumitomo Trust sees yr to March 2007 net profit at 105 bln yen
SOUTH KOREA:
-POSCO agrees to 19 pct iron ore contract price hike with Rio Tinto
HONG KONG:
-China Life Insurance Jan-April premium income 77.75 bln yuan
-China Telecom adds 1.31 mln subscribers in April vs 2.14 mln in March
-Bank of East Asia completes purchase of US' National American Bancorp
-Poly (Hong Kong) to sell entire stake in insurance firm for 100 mln hkd
-Daqing Petroleum to buy stake in China co for 280 mln hkd
-Stone Group disposes 21.2 mln CCB shares at avg 3.56 hkd
CHINA:
-China to boost yuan flexibility this year - central bank
-China end-April mobile phone users reach 416.64 mln - Xinhua
-Germany's Merkel begins China visit
-Germany, China agree Iran should not have nuclear weapons capability - Merkel
-China Unicom end-April GSM mobile subscribers 98.79 mln vs 97.91 mln end-March
-China Southern Airlines launches new Singapore, Azerbaijan routes
-Chinese airlines Q1 net loss at 2.14 bln yuan on rapid rise in costs
-China Biopharm Q1 net profit 0.19 mln usd vs 0.41 mln on acquisition costs
-Guangdong Qinglian Highway signs loan deal for up to 4.66 bln yuan
-ICBC to be among world's top 10 banks by assets, capitalization after HK listing
TAIWAN:
-Taiwan Jan-April China-bound investment approvals up 46.9 pct
-Taiwan approves 10 China-bound investment projects worth 181.05 mln usd
-Asia LCD panel contract prices in 2nd half of May mostly lower than 1st half
-Toppoly Optoelectronics approved to invest in Philips Shanghai unit
-Taiwan exchange gives preliminary approval for Hon Hai unit to list
-China Motor unit buys 0.11 pct of Mitsubishi Motors
SINGAPORE:
-SembCorp Marine to increase stake in Cosco to 8.17 pct
-Mapletree Logistics to buy warehouse property for 38 mln sgd
-SATS, SIA Engg win new 5-yr deal from Jetstar Asia, Valuair
-China Milk yr to Mar net profit up 27.66 pct on strong sales
-China Milk FY net profit 268.20 mln yuan vs 210.08 mln
-BH Global wins 2.5 mln sgd deal from MODEC International
MALAYSIA:
-YTL Power Generation 'AA1' long-term debt rating reaffirmed - RAM
INDONESIA:
-Bank Indonesia says rupiah has factored in Moody's ratings upgrade
-PLN says Java-Bali to face 300 MW power deficit on gas shortage
PHILIPPINES:
-Treasury cancels tomorrow's auction of 25-year T-bonds
-ICTSI buys 95 pct of Indonesian port operator for 5.6 mln usd
-Benpres Q1 consolidated net profit 2.08 bln pesos, up 640 pct
-Paxys Q1 net profit up 49 pct year-on-year on higher revenue
-Semirara Q1 net profit down 20 pct yr-on-yr on higher tax
-Filinvest Land Q1 net profit up 11.7 pct yr/yr on interest gains
AUSTRALIA & NEW ZEALAND:
-Australia April new vehicle sales rise adj 0.5 pct from March
-Air China announces intention to join Star Alliance - CAPA
-PMP says on track to meet FY forecast EBIT of 80-85 mln aud
-Toll has 83 pct of Patrick Corp ahead of offer expiry
-Mission Biofuels wins approval for 2nd Malaysian biofuel plant
xiaojing.jiang@xinhuafinance.com
jod/mas
© 2006 AFX News
