Business Times Online - All The Headlines
The Business Times Online Edition - Singapore



Boeing Q2 net earnings dip 19% (BOSTON) Boeing Co posted second-quarter earnings that trailed analysts' estimates after rising fuel costs spurred airlines to buy smaller, more efficient jets that bring less profit to the No 2 commercial planemaker.


US airlines blame oil prices for steep losses (WASHINGTON) The top US airlines have posted heavy losses in the current earnings season as upwards spiralling fuel prices have forced them to cut flights, fleet and staff, as well as raise fares and add fees.


US govt should tap petroleum reserves: industry (WASHINGTON) The US government should tap the national petroleum reserve to relieve ailing airlines that have been stung by soaring oil prices, the industry's leading trade group told lawmakers on Wednesday.


China Eastern and Shanghai Airlines dismiss merger talks (SHANGHAI) China Eastern Airlines and its smaller rival Shanghai Airlines said yesterday they had not discussed a possible merger, playing down a media report on a possible tie-up that had sent their shares surging. Shanghai Airlines said in a statement to the Shanghai Stock Exchange that neither it nor its state-run parent had taken any action on a major transaction that would be related to restructuring in the country's aviation industry.


Investment out of China doubles in H1 (BEIJING) China's overseas investment more than doubled in the first half of 2008, the government said yesterday, as the energy-hungry nation sought to secure resources globally to fuel its economic boom.


Taiwanese tycoon to pledge billions to charity: report (TAIPEI) The head of Taiwan's leading hi-tech company has lodged his own bid for Bill Gates-style tycoon philanthropy by pledging to donate billions of dollars to charity, according to reports yesterday.


China's investment rules good for foreign firms: govt (BEIJING) China on Thursday defended its foreign investment rules, with a senior government official saying companies may think Beijing is being too stringent but they would benefit in the long term.


SATS, SIAEC Q1 earnings hit by industry slowdown DETERIORATING operating conditions in the aviation sector have started hitting the bottomlines of two of Singapore Airlines' key subsidiaries.


M1 posts 1.2% rise in Q2 profit, adds 57,000 customers MOBILEONE (M1) yesterday reported a slim 1.2 per cent increase in second-quarter net profit to $41.1 million, as it struggled with higher customer costs in a competitive market.


Evergro second-quarter earnings slide 89.1% KEPPEL Corp unit Evergro Properties yesterday said that its net profit for the second quarter fell 89.1 per cent to $212,000 from the previous corresponding quarter's $1.9 million, which included a net divestment gain of $2.5 million.