IN BRIEF (Page 9)

Fosun buys stake in Thomas Cook

Chinese conglomerate Fosun International Ltd said it has bought a 5 percent stake in the United Kingdom-based travel group Thomas Cook Group, deepening its foray into Europe's tourism sector after buying French holidaymaker Club Med last month. Fosun paid 91.9 million pounds ($140.12 million) for the stake and will seek to double its holding in Thomas Cook, the world's oldest travel group, to 10 percent, it said on Friday.

Railway pact with Thailand on track