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Companies in the News

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The latest corporate news includes:

Boeings deal to sell 150 planes to China on the back of the Bush visit; BP and Temaseks purchase of 30 percent of China Aviation Oil; China Unicoms GSM subscribers hit 93.2 million; Ciscos deal with ZTE; General Motors and Chery reach agreement on IP issues; LVMH report strong China sales; Parksons IPO; Tullett Prebon opens the first money broking joint venture in China.

See related news stories:

    China to OK more Boeing buys: reportWashington Post – United States
    HONG KONG (Reuters) – China is expected to agree to buy up to 150 aircraft from Boeing Co. during US President George W. Bush’s …

    BP, Temasek to take about 30 pct stake in China Aviation Oil …
    Forbes – USA
    BEIJING (AFX) – BP and Temasek Holdings, the Singapore state investment group, are expected to inject at least 55 mln usd into China Aviation Oi (Singapore …

    China Unicom end-Oct GSM mobile subscribers at 93.2 mln – UPDATE
    Forbes – USA
    BEIJING (AFX) – China Unicom Ltd (HK 0762; NYSE CHU) said subscribers for its global system for mobile (GSM) service rose to 93.2 mln at the end of October, up …

    Cisco Turns to ZTE in China
    Light Reading – USA
    … Ron Piovesan. “As we look to China’s service provider market, drawing on the expertise of ZTE is very attractive to us.”. “This is …

    China’s Chery, General Motors reach settlement
    Forbes – USA
    DETROIT, Michigan (AFX) – General Motors Corp and its major South Korean subsidiary have reached an out-of-court settlement with China’s Chery Automobile Co …

    LVMH hails China’s luxury goods boom
    LVMH said on Friday that sales of its signature brands in China were rising “exponentially,” suggesting that the luxury industry’s dream of a substantial …

    China Parkson Prices HK IPO At Top End Of Range
    Yahoo! News – USA
    … Parkson, which operates a large network of department stores throughout China, is owned by Lion Diversified Holdings Bhd. (2887.KU), a Malaysian retailer. …

    First Money-Broking Joint Venture Established in China (11 November 2005)
    The first money-broking joint venture was recently established in Shanghai, China. A joint declaration from Tullett Prebon, a wholly owned subsidiary of Collins Stewart Tullett of the UK, and Shanghai International Trust and Investment (SITICO)….

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