Tuesday, July 21, 2009
Merrill's Asian Business Drawing Interest
Several firms have expressed an interest in buying the management of Bank of America Merrill Lynch's Asian real-estate investment business.
China IPO May Raise $7.3 Billion
China State Construction Engineering set the indicative price range for its IPO between 58 and 61 cents a share.
Bangkok Bank Net Declines 3.4%
Bangkok Bank said net fell 3.4% in the second quarter on a lending drop and narrowed interest margin.
Macau Gambling Revenue Falls
Macau's casino gambling revenue in the second quarter fell 12.2% from a year earlier to $3.21 billion.
SGX Taps Bocker to Be CEO
Singapore Exchange's new CEO, who was president of Nasdaq OMX, could spur regional consolidation.
TI's Net Falls, but Asia Sales Rebound
Texas Instruments' second-quarter profit dropped 56% on lower sales and margins, but revenue rose from the first quarter on strong analog-chip sales and a seasonal increase in sales of its calculators.
Toyota Lost Touch, Executive Says
Toyota's new North American chief said that the car company got "a little bit lost" and fell out of touch with customers and the market.
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