Korea Hyundai Mobis sees '03 net up 5.3%
Seoul: South Korea's auto parts maker Hyundai Mobis Co said on Monday it expected net profit to rise more than five per cent in 2003 against this year's target.
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Japan bank reform results to be visible in '03:Takenaka
Tokyo: The fruits of Japanese bank reform aimed at disposing of huge bad loans should become visible when banks close their books at the end of fiscal 2002 next March 31, Economics Minister Heizo Takenaka said on Sunday.
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China formally breaks up state power monopoly
Beijing: China formally broke up its state power monopoly on Sunday, creating several revamped power firms as expected and saying the move would help bring market order to the creaky sector.
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Kuwait adopts emergency oil plan for possible war
Kuwait's oil minister said on Sunday his country was taking emergency measures to protect its vital oil facilities against any Iraqi attack in the event of a US-led war on Baghdad.
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China finds big gas deposit at Daqing field
Beijing: Some 30 billion cubic metres of natural gas have been found at China's Daqing oilfield, and more is believed recoverable than all other gas reserves previously discovered in the area, the Xinhua news agency said on Sunday.
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China plans early warning system against anti-dumping cases
Beijing: Despite a 20 per cent fall in anti-dumping cases against Chinese firms in 2002 to 47 cases from the same period last year, China has stepped up efforts to establish an early warning system against such market protection measures, senior Chinese trade officials have said.
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FAW-Volkswagen's China car sales jump 70%
Beijing: FAW-Volkswagen, one of German auto giant Volkswagen AG's Chinese ventures, said its sedan sales grew 70 per cent year-on-year by mid-December in China, the world's fastest growing car market.
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