Hyundai Motor Co, South Korea's largest automaker, reported a less-than-estimated increase in first-quarter profit after a loss from derivatives linked to currency hedging eroded gains from higher car sales.
Motorola Inc posted a wider first-quarter loss yesterday, hurt by a lack of new mobile phones to compete with Apple Inc and Nokia Oyj.
The signing of a free trade agreement (FTA) between China and New Zealand on April 7 could give the soon-to-air cartoon Jane and the Dragon a Chinese touch.
China COSCO Holdings Co, Asia's largest shipping company by market value, rose for a fifth day in Hong Kong trading, its longest winning streak this year, after annual profit doubled on the purchase of dry-bulk ships.
The Shanghai main stock index tumbled more than 4 percent to a fresh 13-month low yesterday before bouncing sharply to end higher, led by financials.
With its sales volume crossing the 100,000-unit mark last year, a 25 percent increase over 2006, German premier car producer Audi AG has strengthened its leading position in China's luxury sedan segment. The strong sales have also made China Audi's second biggest market, climbing up from the fourth position in 2006.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
