Asia Africa Intelligence Wire articles from April 2004, page 6

Asia Africa Intelligence Wire archives from April 2004

Monetary Policy - Irrelevance of consistency exercise.
April 30, 2004... (From Business Line) The areas to be addressed in the Monetary Policy have to be analytically sound and pragmatic. Should there be, in the policy statement, a consistency between money, output and prices? Asks A. Vasudevan, if the...

Indian Rayon net up 24.7 pc.
April 30, 2004... (From Business Line) Mumbai, April 29 - BETTER employment of funds and lower interest rates helped Indian Rayon notch an improved performance over last year. For the year ended March 31, 2004, net profit rose 24.76 per cent to Rs 131.3...

Rubber prices dip on sales.
April 30, 2004... (From Business Line) Kottayam, April 29 - THE physical rubber market declined on Thursday. After a day's moderate buying, the covering groups disappeared to the sidelines. The selling from traders anticipating further fall put pressure...

Court convicts Dhan Raj Agro, promoters.
April 30, 2004... (From Business Line) Mumbai, April 29 - A DELHI court has passed an order convicting Seth Dhan Raj Agro India Ltd and its directors (the accused persons) who were held guilty for offence punishable under Section 24 read with Section 27...

'TRAI hasn't focussed on bandwidth pricing'.
April 30, 2004... (From Business Line) New Delhi, April 29 - IN its recommendations on the broadband sector, the Telecom Regulatory Authority of India (TRAI), say service providers, should have focused on bandwidth pricing, a major stumbling block in the...

Reliance profit tops $1-billion mark.
April 30, 2004... (From Business Line) YET ANOTHER FIRST: Mr Anil D. Ambani, Vice-Chairman and Managing Director, Reliance Industries, at a press conference in Mumbai on Thursday. - Paul Noronha Mumbai, April 29 - DRIVEN by higher margins in its...

Prize Petroleum-Aban consortium lands ONGC deal.
April 30, 2004... (From Business Line) Chennai, April 29 - A CONSORTIUM of Prize Petroleum Company Ltd and Aban Loyd Chiles Offshore Ltd has secured a service contract from ONGC to develop three marginal fields at Hirapur, Khambel and West Becharji in...

Kochi Refineries Q4 net falls 28 pc.
April 30, 2004... (From Business Line) Kochi, April 29 - KOCHI Refineries Ltd (KRL) on Thursday said its net profit in the fourth quarter ended March fell by 28 per cent to Rs 210.4 crore, compared with Rs 290.6 crore for the same period in the previous...

Bite into a Big Mac at IOC bunks soon.
April 30, 2004... (From Business Line) Chennai, April 29 - PETROL bunks around the country are changing. At some you can drink your frappe or cappuccinos, and at others pick up bread and eggs. Soon you can order a Big Mac with mustard sauce and French...

OM Kotak Life posts 263-pc rise in premium.
April 30, 2004... (From Business Line) Mumbai, April 29 - OM Kotak Mahindra Life Insurance (OM Kotak) has recorded a 263 per cent growth in its premium income for the financial year ended March 2004 at Rs 127 crore as against Rs 35 crore in the previous...

Reliance lays out Rs 35,000-cr capex plans.
April 30, 2004... (From Business Line) Mumbai, April 29 - RELIANCE Industries today said it would spend Rs 35,000 crore over the next five years; nearly three-fourths of it on exploration, production and marketing of oil and gas. Mr Anil Ambani,...

Alcatel wins ITI order for BSNL network.
April 30, 2004... (From Business Line) Bangalore, April 29 - TELECOM box-maker Alcatel won 65 million euros (around Rs 340 crore) order from ITI Ltd to supply and install GSM network for the state-owned Bharat Sanchar Nigam Ltd in Gujarat, Maharashtra,...

Rupee weakens on heavy dollar buying.
April 30, 2004... (From Business Line) MUMBAI: The domestic currency closed 25 paise weaker on Thursday at 44.40/42 per dollar in the forex market against its closing at 44.15/17 on Wednesday. After opening the day at 44.20/22 the rupee touched an...

Wheat prices recover in M.P.
April 30, 2004... (From Business Line) Chennai, April 29 - WHEAT prices in Madhya Pradesh, which declined on a record 96 lakh tonnes (lt) crop in the State earlier this month, have begun to improve. "Wheat prices were below the minimum support price...

Sensex slips on negative sentiments.
April 30, 2004... (From Business Line) NEGATIVE sentiments continued to prevail in the markets as the benchmark BSE Sensex closed Thursday's trading on a negative note. The sharp fall in the key index heavyweights Reliance Industries and Infosys...

RRL-T develops tech for houseboat sewage disposal.
April 30, 2004... (From Business Line) The prototype marine sanitation device is designed to treat 1,000 litres per day of 'black' water (from toilets), 'grey' water (from showers and washing) and macerated kitchen waste and food waste from the pantry....

TRAI proposes lower duties for broadband push.
April 30, 2004... (From Business Line) New Delhi, April 29 - INDIA can achieve 20-million broadband and 40-million Internet subscribers by 2010 if the Government steps in with reduced duties and takes major e-governance initiatives, according to the...

Eicher Motors net up 100 pc in Q4.
April 30, 2004... (From Business Line) New Delhi, April 29 - EICHER Motors today announced a 100 per cent rise in net profit in the fourth quarter of the last fiscal at Rs 19.51 crore from Rs 9.75 crore in the same period in the previous year. Gross...

'FedEx committed to corporate social responsibility'.
April 30, 2004... (From Business Line) Mumbai, April 29 - TODAY, more than ever, corporates have become acutely aware of the need to be seen as socially responsible citizens, so much so that corporate social responsibility flows from a company's business...

India, China to lead Asian paper industry growth.
April 30, 2004... (From Business Line) New Delhi, April 29 - THE Asian paper industry is all set for an explosive growth. And this growth, according to Mr Gautam Thapar, Vice-Chairman and Managing Director, Ballarpur Industries Ltd (BILT), will be...

'Reliance Infocomm no longer needs parent for funds'.
April 30, 2004... (From Business Line) Mumbai, April 29 - RELIANCE Infocomm has achieved cash profit for the financial year ended March 31, 2004, although the net loss appropriated on account of it by mother company Reliance Industries stands at Rs 265...

LogicaCMG to invest $25 m more.
April 30, 2004... (From Business Line) Hyderabad, April 29 - LOGICACMG, a technology solutions and consultancy corporation, has drawn up expansion plans that includes a new technology campus, induction of over 600 people which would effectively double its...

Andhra Bank Q4 net down on higher provisioning.
April 30, 2004... (From Business Line) Mumbai, April 29 - HIGHER provisioning in the fourth quarter of the financial year ended March 31 has led Andhra Bank to record a lower net profit during this period at Rs 114.30 crore as against a net profit of Rs...

Bank dividends.
April 30, 2004... (From Business Line) This is with reference to "Raising the bar for banks" (Business Line, April 27): The article has rightly pointed out that by putting out a detailed dividend policy for banks, the RBI has raised the efficiency bar for...

MFs with unlisted securities draw investor interest.
April 30, 2004... (From Business Line) Kolkata, April 29 - UNLISTED securities held by mutual funds are suddenly in focus with a section of investors, enthused by the likes of Biocon and NDTV, discreetly trying to identify possible listing candidates...

Rasna to set up 2 more plants to triple capacity.
April 30, 2004... (From Business Line) New Delhi, April 29 - WITH an aim to garner sales from the cola drinks segment, Rasna, on Thursday, announced that it would spend Rs 10 crore towards setting up two more plants for manufacturing its cola product...

God proposes, Posts disposes ... and makes a neat pack.
April 30, 2004... (From Business Line) Chennai, April 29 - WITH couriers taking away more than 40 per cent of the 'letter' or retail business from the Department of Posts, the department with its wide reach and infrastructure has decided to put just that...

Hind Lever PAT takes a 21% dip in Q1.
April 30, 2004... (From Business Line) Mumbai, April 29 - COMPETITIVE pressures appear to have finally caught up with Hindustan Lever Ltd (HLL) as the FMCG major ended the first quarter of 2004 with a 21 per cent decline in profit after tax at Rs 302.91...

HLL chalks out 10-point plan to rebuild margins.
April 30, 2004... (From Business Line) Mumbai, April 29 - THE decline in margins across all categories is clearly a major issue for Hindustan Lever Ltd (HLL) prompting it to put forward a 10-point programme to address it. Mr M.S. Banga, Chairman, HLL,...

Cox & Kings offers trade fair packages.
April 30, 2004... (From Business Line) Mumbai, April 29 - COX and Kings has ventured into the international trade fairs market segment. According to a company official, the addition of the Trade Fair Tours division would help Indian visitors avail...

IIMB thinking hard to fill the coffer.
April 30, 2004... (From Business Line) Bangalore, April 29 - WHAT the outcome of the fee cut issue will be is anybody's guess. Meanwhile, the pros and cons of a host of other resource issues are being debated. How can the IIMs patch up the gaping...

Bartronics to partner EMS.
April 30, 2004... (From Business Line) Hyderabad, April 29 - BARTRONICS India, a barcoding, smartcard and identity software company, has announced its partnership with Escort Memory Systems, part of the Datalogic Group, to cater to the growing need for...

Liquidity continues to surge with no Govt borrowings in sight - RBI may deploy prepayment bonds for mop-up.
April 30, 2004... (From Business Line) The sale is being resorted to as there are still no indications of any fresh round of borrowings by the Government. The auctions for one round of borrowing were postponed earlier this month. Bangalore, April 29 -...

Equal distribution.
April 30, 2004... (From Business Line) This is with reference to "Will it be a hung Lok Sabha" (Business line, April 28). The article literally ripped wide open and laid bare the loopholes and deficiencies of the present government being mostly urban...

London varsity opens office in Chennai.
April 30, 2004... (From Business Line) Chennai, April 29 - THE London Metropolitan University (LMU) has opened an office in Chennai, the second in the country after Delhi. The Chennai office will cater to the southern region, which sends the maximum...

MRF Q2 net down at Rs 13.19 cr.
April 30, 2004... (From Business Line) CHENNAI: MRF Ltd has reported a net profit of Rs 13.19 crore for the second quarter ended March 31, 2004 , compared to Rs 17.45 crore in the corresponding quarter of last year. In fact, the company had made a net...

Taking stock of wheat, sugar.
April 30, 2004... (From Business Line) THE LATEST ESTIMATES suggest that the wheat crop being harvested would be down three million tonnes to 73 million tonnes from the initial forecast of 76 million tonnes. This is attributed to lower yields in late-sown...

Volatile movement.
April 30, 2004... (From Business Line) THE sentiment reading of tradable counters stands mildly bearish. Bull domination on Friday is likely to change the reading in their favour. Nifty futures recommendation: The May contract opened with a bear gap of...

In-house R&D products fetch BHEL Rs 575 cr.
April 30, 2004... (From Business Line) New Delhi, April 29 - BHARAT Heavy Electricals Ltd (BHEL) has achieved a turnover of Rs 575 crore - nearly seven per cent of the company's total turnover in 2003-04 - from commercialisation of products and systems...

NetApp plans to expand reach.
April 30, 2004... (From Business Line) Hyderabad, April 29 - NETWORK Appliances (NetApp), the $1.1-billion storage solutions provider, is eyeing a larger chunk of the Indian market and has drawn up plans to lay special thrust on financial services,...

Outlook positive for SBI, Tata Tea.
April 30, 2004... (From Business Line) The following strategies are based on Thursday's trading in the spot and derivatives segments on the NSE: SBI: The stock closed at Rs 639 in the spot market. The primary trend appears positive. The upside price...

FM cos silent on licence fee payment.
April 30, 2004... (From Business Line) New Delhi, April 29 - PRIVATE FM radio companies may be celebrating their completion of one year of operations in the Capital, but the Government had really no reason to smile. For, none of these companies coughed up...

Jindal Steel to complete expansion ahead of schedule.
April 30, 2004... (From Business Line) New Delhi, April 29 - JINDAL Steel & Power Ltd (JSPL) is all set to complete its expansion in the steel and power sectors ahead of schedule. The company has informed the stock exchanges that various projects,...

GDP may rise to 7.1 per cent this fiscal, says NCAER.
April 30, 2004... (From Business Line) New Delhi, April 29 - THE National Council of Applied Economic Research (NCAER) on Thursday revised its recent GDP projection for the current fiscal from 6.7 per cent to 7.1 per cent now "as the year has begun on a...

Gillette India net up 140 pc.
April 30, 2004... (From Business Line) NEW DELHI: Gillette India Ltd (GIL) has reported a net profit of Rs 19.68 crore for the quarter ended March 31, 2004, up by 140.88 per cent against Rs 8.17 crore during the same period in the previous year. A...

iGate to borrow $9 m this fiscal to fund expansion.
April 30, 2004... (From Business Line) Bangalore, April 29 - SOFTWARE services and business process outsourcing firm iGate Global Solutions plans to borrow $9 million - $10 million in the current fiscal to fund its expansion, its CEO, Mr Phaneesh Murthy,...

Satnam Overseas PAT up 49 pc.
April 30, 2004... (From Business Line) NEW DELHI: Satnam Overseas Ltd has reported a 49 per cent increase in its profit after tax for fiscal 2003-04 to Rs 14.1 crore as against Rs 9.49 crore recorded during 2002-03. Total revenue during the year stood at...

Cashew merchants pay Rs 1.5-cr tax.
April 30, 2004... (From Business Line) Srikakulam, April 29 - THE cashew merchants of Palasa in Srikakulam district, the main cashew producing centre in the State, paid Rs 1.5 crore as sales tax in advance to the commercial tax authorities on Wednesday....

Merger news smoothens run.
April 30, 2004... (From Business Line) THE counter of IBP gained on Thursday following the announcement of its merger with Indian Oil Corporation. Markets talk has it that the merger ratio is likely to favour the shareholders . According to dealers,...

IDBI provides for Dabhol; earns Rs 102-cr net in Q4.
April 30, 2004... (From Business Line) Mumbai, April 29 - DESPITE making provisions for its exposure to the Dabhol Power Project, IDBI has managed to register a net profit of Rs 102 crore for the fourth quarter ended March 2004, down from Rs 209 crore in...

Polaris, plenum in pact to service German clients.
April 30, 2004... (From Business Line) Chennai, April 29 - POLARIS Software Lab Ltd has announced a partnership with plenum AG, a Germany-based information technology IT consulting organisation, to jointly offer clients in Germany, Austria and...

BIFR directs trifurcation of Ferro Alloys Corpn - Results for fourth quarter postponed.
April 30, 2004... (From Business Line) Hyderabad, April 29 - THE Board for Industrial and Financial Reconstruction (BIFR) has approved a rehabilitation scheme for the ailing Ferro Alloys Corporation Ltd (FACOR), which could help its early revival. ...

Argentine judge files 67bn dollar suit against UK over Falklands.
April 30, 2004... (From BBC Monitoring International Reports) Buenos Aires, 29 Apr (Telam) - Civil and Commercial Judge Edmundo Carbone has requested that the UK diplomatic representative in Argentina be consulted whether his government will accept...

PHILIPPINES' VMC DECLARES NET INCOME AFTER 7 YEARS.
April 30, 2004... (From Asia Pulse) VICTORIAS CITY, April 30 Asia Pulse - For the first time in seven years, Victorias Milling Company, Inc. (VMC) here will present a net income of P31.5 million (US$562,273) at the sugar firm's annual stockholders'...

AUSTRALIA'S PBL LAUNCHES BURSWOOD TAKEOVER BID.
April 30, 2004... (From Asia Pulse) PERTH, April 30 Asia Pulse - Kerry Packer's Publishing & Broadcasting (PBL) Ltd (ASX:PBL) bidders statement for Burswood Ltd contains a "poisoned pill" for Burswood shareholders who held out against the takeover bid,...

PHILIPPINES MAY OVERTAKE US AS TOP GEOTHERMAL PRODUCER.
April 30, 2004... (From Asia Pulse) DAVAO CITY, April 30 Asia Pulse - The Philippines is now the world's second largest producer of geothermal power and could overtake the US production of 2,050 megawatts, according to Department of Energy Secretary Vince...

S. KOREA'S HANJIN HEAVY WINS US$370 MLN IN SHIP ORDERS.
April 30, 2004... (From Asia Pulse) SEOUL, April 30 Asia Pulse - Hanjin Heavy Industries & Construction Co. said today that it has received US$370 million worth of orders from two Greek firms to build container ships. Under the contracts, Hanjin will...

JAPANESE NEWSPAPER HIGHLIGHTS - APRIL 30, 2004.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Highlights of today's newspapers: NIKKEI NET - Tokyo stocks plunged Friday morning with selling almost across the board on tumbles in U.S. shares for two straight days through...

HONG KONG NEWSPAPER HIGHLIGHTS - APRIL 30, 2004.
April 30, 2004... (From Asia Pulse) HONG KONG, April 30 Asia Pulse - Highlights of today's newspapers: THE STANDARD: - PCCW's new property flagship Dong Fang Gas might become a cash machine for chairman Richard Li and the fixed-line giant, after...

DAEWOO SHIPBUILDING WINS ORDER FOR LNG CARRIER.
April 30, 2004... (From Asia Pulse) SEOUL, April 30 Asia Pulse - Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipbuilder after South Korean rival Hyundai Heavy Industries, said today it has won a US$200 million order for a...

JAPAN'S NOMURA ASSET TO SET UP GLOBAL SRI FUND.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Nomura Asset Management Co. will in May establish a fund that invests in domestic and foreign companies considered to be contributing to the environment and society. This global socially...

S&P PUTS 7 JAPANESE BANKS ON WATCH FOR LONG-TERM RATING UPGRADES.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Standard & Poor's Corp. announced Wednesday that it has placed the long-term credit ratings of seven Japanese banks, including UFJ Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank, on...

JAPAN'S TOYO INK TO BOOST CAPACITY, OPEN R&D CENTER IN MALAYSIA.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Toyo Ink Mfg. Co. (TSE:4634) plans to increase production capacity for printing ink at a subsidiary in Malaysia by 20 per cent and set up a technical and development center in that nation,...

JAPAN ASKS EU FOR TARIFF CUTS TO OFFSET PENDING HIKES.
April 30, 2004... (From Asia Pulse) BRUSSELS, April 30 Asia Pulse - The Japanese government said Thursday that it has requested that the European Union lower tariffs in about 40 product categories to compensate for higher duties that will take effect next...

TOKYO GAS TO CUT RATES DUE TO COMPETITION FROM POWER FIRMS.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Tokyo Gas Co. (TSE:9531) will lower rates within the current fiscal year through March 31, President Norio Ichino announced Wednesday. The rate cut will likely take place in the autumn...

FUJI XEROX CREATES SCREEN IMAGE COPIER.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Fuji Xerox Co. has developed a prototype color photocopier that enables users to copy content displayed on a personal computer monitor simply by touching the desired part. The copier...

SONY SHRINKS DIGITAL AMPLIFIER TO BUSINESS-CARD SIZE.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Sony Corp. (TSE:6758) has developed a digital amplifier that is compatible with 100-watt-class speakers and is the size of a business card. This makes the product less than 1/50 the size...

JAPAN'S TEITO TO MAKE RUBBER HOSES FOR NISSAN CARS IN CHINA.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Teito Rubber Co. (TSE:5188) plans to begin Chinese production of rubber hoses this October for supply to Nissan Motor Co. (TSE:7201), which is to expand local production in fiscal 2005,...

CONSUMER PRICE FALLS IN JAPAN TO NARROW: BOJ OUTLOOK.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - The decline in consumer prices is expected to moderate, and corporations will face higher prices for the first time since fiscal 1997, according to the Bank of Japan's economic and price...

JAPAN'S CALBEE TO INTEGRATE R&D, FOCUS ON NEW PRODUCTS.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Calbee Co. plans to consolidate its R&D functions at a single location in Tochigi Prefecture, north of Tokyo, to concentrate on developing new products, it was learned Wednesday. The...

BANK OF JAPAN WILL CALM MARKET CONCERNS: FUKUI.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - The Bank of Japan will send signals to the markets if doing so would alleviate financial market instability caused by the specter of a shift in monetary easing policy, Governor Toshihiko...

OSAKA GAS INKS DEAL FOR U.S. POWER STATION OPERATING RIGHTS.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Osaka Gas Co. (TSE:9532) said Wednesday that it has reached an agreement with Shell US Gas & Power LLC to acquire 40 per cent interest in the Tenaska Gateway Generating Station in the state...

NEW AUSTRALIAN TRADE COMMISSIONER FOR IRAQ APPOINTED.
April 30, 2004... (From Asia Pulse) SYDNEY, April 30 Asia Pulse - Greg Hull was today appointed the new Austrade Trade Commissioner for Iraq and will start work in Baghdad next week. Trade Minister Mark Vaile announced Mr Hull's appointment at an...

M'BISHI GROUP BANK WARY OF DEBT WAIVERS FOR CARMAKER.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - The incoming president of Mitsubishi Tokyo Financial Group Inc. (TSE:8306) is taking a guarded stance toward the inclusion of debt waivers as part of the financial aid package for struggling...

BROKERAGES IN JAPAN EYE CLOSER TIES WITH BANKS IN SALES.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - In a bid to strengthen their own retail sales, a number of brokerages plan to bolster ties with the banks with which they are affiliated. This is because brokerages will be able to...

Darfur rebels attack aid convoy in western Sudan.
April 30, 2004... (From BBC Monitoring International Reports) A convoy carrying humanitarian aid from Al-Fashir [capital of Northern Darfur State] to the area of Umm Baru [as heard] has been attacked by armed Darfur [western Sudan] rebels. The...

BRIEFING - ASIA BANKING - APRIL 30, 2004.
April 30, 2004... (From Asia Pulse) An executive briefing on banking for April 30, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. BANK OF...

BRIEFING - ASIA TELECOMMUNICATIONS - APRIL 30, 2004.
April 30, 2004... (From Asia Pulse) An executive briefing on the telecommunications industry for April 30, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, asia-based wire with exclusive news, commercial intelligence and business...

AUSTRALIAN HOME LENDING HITS RECORD ANNUAL GROWTH.
April 30, 2004... (From Asia Pulse) CANBERRA, April 30 Asia Pulse - Home lending picked up again in March to take annual growth to a new record high, new figures showed today, increasing the risk of an interest rate rise in coming months. Reserve Bank...

AUSTRALIA'S BUDERIM GINGER MULLS DELISTING AFTER POOR RESULTS.
April 30, 2004... (From Asia Pulse) BRISBANE, April 30 Asia Pulse - Buderim Ginger Ltd (ASX:BUD) today said it might look at delisting and returning to the private sector if it is unable to produce the desired returns for shareholders. The Sunshine...

BOEING OFFERS BROWSING OF IN-FLIGHT BROADBAND CONNECTION SERVICE.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Boeing Co. on Wednesday invited Japanese aviation industry officials to test-browse its high-speed Internet connection service that is now being offered in Boeing aircraft. The...

BBC Monitoring Iraq Briefing 0400 gmt 30 Apr 04.
April 30, 2004... (From BBC Monitoring International Reports) The following is a round-up of the latest reports relating to Iraq and reaction to developments there in the surrounding region, available to BBC Monitoring by 0400 gmt. This service is filed...

NIPPON BROADCASTING'S TOP SHAREHOLDER BOOSTS STAKE TO 18.3%.
April 30, 2004... (From Asia Pulse) TOKYO, April 30 Asia Pulse - Nippon Broadcasting System Inc. (TSE:4660) announced Wednesday that the stake held by its leading shareholder, investment firm MAC Co., increased by more than 10 points to 18.3 per cent as...

AUSMET DEBUTS ON AUSTRALIAN STOCK EXCHANGE.
April 30, 2004... (From Asia Pulse) PERTH, April 30 Asia Pulse - Junior gold explorer Ausmet Resources Ltd (ASX:AME) kicked off trade on the Australian Stock Exchange today at a small premium to its issue price. The company's shares opened at 22...