View in Other Languages Asian Markets Overview of March 25, 2010: Tokyo Gas (TYO:9531) to Invest in Energy World's (ASX:EWC) Indonesian Project アジア市場レポート 2010年3月25日:東京ガス (TYO:9531) が Energy World (ASX:EWC) のインドネシアプロジェクトへ投資 2010年3月25日亚洲市场纵览:东京燃气公司 (TYO:9531)将投资Energy World (ASX:EWC)的印尼项目 2010年3月25日亞洲市場縱覽:東京燃氣公司(TYO:9531)將投資Energy World (ASX:EWC)的印尼項目 2010년 3월25일 아시아 시장동향: Tokyo Gas (TYO:9531), Energy World (ASX:EWC)의 인도네시아 프로젝트 투자 نظرة شاملة على الأسواق الآسيوية  في 25 مارس 2010: تقوم Tokyo Gas TYO:9531 بالإستثمار في مشروع Energy World ASX:EWC الإندونيسي 
Japan's Tokyo Gas Co. (TYO:9531) said it has won an exclusive right to negotiate its participation in the Sengkang liquefied natural gas project conducted by Australia's Energy World Corp. (ASX:EWC) on Indonesia's Sulawesi Island.
Japan's Tokyo Gas Co. (TYO:9531) said it has won an exclusive right to negotiate its participation in the Sengkang liquefied natural gas project conducted by Australia's Energy World Corp. (ASX:EWC) on Indonesia's Sulawesi Island.

Sydney, Mar 25, 2010 AEST (ABN Newswire) - US shares overnight declined, led by telecommunications sector. Sprint Nextel officially unveiled a new mobile phone able to tap into super-high speeds. Sprint Nextel rallied but all other telecom fell on competitive worries. Portugal's credit rating downgrade also weighed on the US market. Most Asian markets posted modest gains Wednesday. Japan's Nikkei index was up 0.4. China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports. South Korea's Kospi slightly declined by 0.05 per cent.

Company News

Japan's Tokyo Gas Co. (googlechartTYO:9531) said it has won an exclusive right to negotiate its participation in the Sengkang liquefied natural gas project conducted by Australia's Energy World Corp. (googlechartASX:EWC) on Indonesia's Sulawesi Island. Tokyo Gas aims to take a 25 percent equity stake each in the Energy World's four units involved in the project and buy 500,000 tons of LNG a year, or about 5 percent of the company's total LNG imports. Tokyo Gas hopes to conclude negotiations as soon as end-2010.

Supermarket operator Aeon Co. (googlechartTYO:8267) said Wednesday it will launch a tender offer to boost its stake in drugstore affiliate CFS Corp. (googlechartTYO:8229). Aeon will buy up to 4.3 million shares for 600 yen per share, bringing the stake to as much as 46.53 per cent from the current 33.22 per cent.

Taiwan industrial motor maker TECO Electric & Machinery Co. (googlechartTPE:1504) said it has launched its first own-brand 2-megawatt capacity wind turbine. TECO is talking with clients about orders for nearly 100 onshore turbines and received expressions of interest from potential buyers in the U.S., China and Australia. TECO has signed letters of intent with a company from Singapore for about 20 wind turbines.

Macau casino operator Wynn Macau Ltd. (googlechartHKG:1128) said Wednesday posted an increase in its net profit last year, despite revenue were impacted by global economic downturn a swine-flu outbreak and mainland China visa restrictions. Its net profit for the 12 months ended Dec. 31 was HK$2.07 billion, up 1.4 per cent from HK$2.04 billion in 2008, in line the forecast made in February. Wynn Macau expects to open an expansion of its flagship Macau project in April.

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 8) (Last 30 Days: 55) (Since Published: 15546) 

View in Other Languages 15546132011318713006120519502 (76493)

googlechart