Cheung Kong To Buy U.K. Gas Firm For $1 Billion
Cheung Kong Holdings Ltd. and associated entities have agreed to buy British gas-distribution company Wales and West Utilities Ltd. and its parent for 645 million pounds ($1 billion), the firms said Wednesday.
Hong Kong Stocks Extend Losses; Greece Fears Weigh
Hong Kong stocks dropped early Wednesday as worries that Greece may have to restructure its debt again and weak U.S. earnings reports, including from Apple Inc. , put the market on course for a third straight day of losses.
Australian Quarterly CPI Rises 0.5%
Australian consumer prices rose 0.5% in the April-June quarter, accelerating from a 0.1% gain recorded in the January-March quarter, the Australian Bureau of Statistics reported Wednesday.
Australian Agribusiness Conditions Worsened in 2Q -NAB
Australian agribusiness conditions, undermined by declining confidence among customers, weakened in the second quarter of the calendar year but should improve in the second half, according to a quarterly survey National Australia Bank Ltd. (NAB) issued Wednesday.
Cheung Kong to Buy UK's MGN Gas for £645 Million
A consortium led by Hong Kong billionaire Li Ka-shing's flagship Cheung Kong (Holdings) Ltd. (0001.HK) has agreed to buy U.K. gas distribution company MGN Gas Networks (UK) Ltd. for GBP645 million (US$781 million), the companies in the consortium said in a joint statement Wednesday.