 IN BRIEF (Page 20)
(China Daily)
Updated: 2008-08-12 08:15 Clients pull funds UBS AG, the world's biggest money manager for the wealthy, may report that private-banking clients removed funds for the first time in almost eight years in the second quarter as losses at the securities unit mounted. Clients probably withdrew a net 5 billion Swiss francs ($4.6 billion) in the period, according to the median estimate of 10 analysts surveyed by Bloomberg. Chrysler bottoms survey Chrysler LLC, working to cut its parts spending by 25 percent, fell to last place in a ranking of automakers' relationships with US suppliers, while Toyota Motor Corp's grip on the top spot weakened. Chrysler trailed General Motors Corp and Ford Motor Co for the first time in the annual survey by consulting firm Planning Perspectives Inc. Toyota's tumble produced its smallest edge over Honda Motor Co since the ratings began in 2002. Airport stake South Korea will sell a stake in state-owned Incheon International Airport Corp, a government ministry said yesterday, as part of a drive to privatize and reform state-run companies. The Ministry of Strategy and Finance also said in a statement that it would announce detailed plans by the end of August for the sale of shares in Daewoo Shipbuilding and Marine Engineering. iPhone software In the month since Apple Inc opened the App Store, an online software clearinghouse, users have downloaded more than 60 million programs for the iPhone, Chief Executive Steve Jobs told The Wall Street Journal in an interview. Apple sold an average of $1 million a day in applications for a total of about $30 million in sales over the month, Jobs said. Agencies (China Daily 08/12/2008 page20) |
