SM Prime 2Q Net Profit up 16% at PHP2.49 Billion
SM Prime Holdings, Inc. (SMPH.PH), the Philippines' largest operator of shopping malls, said Monday its net profit for the second quarter rose 16% to 2.49 billion pesos (59.4 million) from PHP2.15 billion due to the continued expansion of its shopping mall network.
Moody's Warns Korean Bank Report May Spur Profit Curbs
A Korean government report concluding that banks' business practices harm consumers is credit negative for the sector, as it will likely spur calls to restrain bank profitability, Moody's Investors Service said Monday.
China's BoCom Nears Approval for $4.7 Billion Placement
Bank of Communications Co. (3328.HK) is close to receiving final approval from China's securities regulator to complete its 29.8 billion yuan ($4.7 billion) worth of additional A-share sale, with more than two thirds of the shares likely to be purchased by the Ministry of Finance and the National
Rongsheng, Glorious Shares Sink On SEC Allegations
Shares of China Rongsheng Heavy Industries Group Holdings Ltd. and Glorious Property Holdings Ltd. suffered double-digit percentage plunges in Hong Kong Monday after the U.S. Securities and Exchange Commission accused a firm owned by their chairman of insider trading.
Shanghai May Mark Shares Tied To Multi-year Losses
The Shanghai Stock Exchange is considering new rules that would add a special tag to shares of firms with two or more years of consecutive losses and make delisting stocks easier, according to a state media report.