IN BRIEF (Page 8)

Nine Dragons profit may slump

Cardboard maker Nine Dragons Paper (Holdings) Ltd has warned that second-half profit likely halved, buckling under foreign exchange losses as mainland firms begin to absorb the impact of the weaker yuan. Owned by one of China's richest women, Cheung Yan, Nine Dragons issued a preliminary estimate late on Thursday that its net profit for July-December slumped 54 percent to 310 million yuan ($47 million). Stripped of foreign exchange losses, profit would have jumped 144 percent, it said.

8 sectors set for carbon trading