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AsiaInfo-Linkage To Establish European Headquarters In United Kingdom

AsiaInfo-Linkage, a provider of telecommunications software solutions and related services in China, has announced plans to establish its European headquarters in Cambridge, United Kingdom, as part of an on-going initiative to expand its operations across international markets. AsiaInfo-Linkage has a leading position in China with a greater than 50% share of the telecommunications billing, CRM, and business intelligence markets. In 2009, the company began expanding its core business in Southeast Asia, and it is now targeting a broader geographical expansion ...

BHP states there is a future in nickel

BHP Billiton has pledged its support for its aluminium and nickel businesses, after announcing plans to consolidate its Stainless Steel Materials and Aluminium business units into a single unit that will be based in Perth. The new Aluminium and NickelCustomer Sector Group will be headed by Glenn Kellow, who iscurrently President Stainless Steel Materials. The new CSG will include all current nickel and aluminium assets in the group’s portfolio, including the Nickel West mining and refining business and the Worsley ...

Teen gambling called ‘risky business’

Teens who wager on card games like world wide web poker, purchase lottery tickets or place bets on sports games could be at risk of becoming problem gamblers, Canadian pediatricians say. The Canadian Pediatric Society warned of the dangers of teen gambling in a position statement Monday. “If kids are playing cards or dice games for money — even if it’s with their family members — then they are gambling,” Dr. Jorge Pinzon, chair of the group’s adolescent health committee, ...

Horton, McEniry join AHG board

Former UWA Business School Dean Tracey Horton and former Mitsubishi Motors Australia chief executive Robert McEniry have been appointed to the board of Automotive Holdings Group as non-executive directors. Ms Horton is currently a director of Skilled Group and Cullen Wines, and serves as chairperson of D’Orsogna and deputy chair of Presbyterian Ladies College. Mr McEniry has more than 25 years experience in the automotive industry, holding executive roles at General Motors Holden, Saab Automobile and South Pacific Tyres.

China Unicom Gained Net Profit Of CNY1 Billion In Q1 2012

China Unicom has published its financial report for the first quarter of 2012, stating that its operating revenue reached CNY61.193 billion, a year-on-year increase of 24.8%; and its net profit reached CNY1.007 billion, a year-on-year increase of 594%. The report showed that during the first quarter of 2012, China Unicom’s mobile business operating revenue achieved a year-on-year increase of 42.3% to CNY40.45 billion, of which its service income increased by 25.6% to CNY to CNY29.26 billion; and its mobile value-added ...

55tuan.com To Operate Ganji.com’s Group Buying Business

China’s Ganji.com and 55tuan.com have jointly announced that 55tuan.com has become the operator of Ganji.com’s group buying business. The Chinese classified information website Ganji.com stated that it has reached a strategic cooperation with 55tuan.com and the company will team with this professional group buying website in the operation of its group buying business. Currently, Ganji.com’s group buying page has been redirected to 55tuan.com. Ganji.com warned its users that starting from April 12, 2012, Ganji.com would team with 55tuan.com in the ...

Kate Beckinsale becomes an humiliating mom to daughter Lily

Emirates Airways would, however, appear to have a soft spot for the man who was foreign secretary when Britain went into Iraq. The 65-year-old MP has admitted that he secured two “space available upgrades” for himself and his party on the airline from economy to business class. On the first leg, from Dubai to the Indian coastal city of Cochin on December 28, the upgrades given to Straw and four others was worth £966. Returning from Dubai to Heathrow on ...

FMG swipes back at Swan

Fortescue Metals Group has hit back at Treasurer Wayne Swan, calling his attack on company founder Andrew Forrest “extreme”, “irrational” and “very disappointing”. Mr Swan was quoted in media reports this morning describing the influence of Australia’s richest business people as a “poison” that had “infected” Australian politics and the economy. The Treasurer stated the rising power of vested interests displayed by Mr Forrest, Hancock Prospecting’s Gina Rinehart and mining magnate Clive Palmer, among others, were “undermining our equality and ...

China’s Alibaba.com May Go Private

Alibaba Group and its Hong Kong-listed unit Alibaba.com have jointly announced that Alibaba Group has proposed an offer to the board of directors of Alibaba.com to take the company private. If the privatization is completed, Alibaba.com, the flagship subsidiary and the only listed unit of Alibaba Group, will terminate its listing. According to the report published by Alibaba.com, its proposal offers minority shareholders HKD13.5 per share in cash, which implies a premium of 60.4% over the 60-day average closing price ...

China’s Lenovo Net Profit Up 54% In Third Financial Quarter

Chinese PC maker Lenovo has published its results for the third financial quarter ended December 31, 2011, stating that its sales increased by 44% year-on-year to USD8.372 billion; and its profit attributable to shareholders increased by 54% year-on-year to USD153 million. During the three months ended December 31, 2011, Lenovo’s PC business showed strong performance in sales, revenue, and profit growth. According to the report, Lenovo’s sales increased by 44% year-on-year to USD8.372 billion, of which the sales of PC ...