China Eastern sells 24 percent stake
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Struggling after two years of losses, China Eastern agreed Sunday to sell a 24 percent stake to Singapore Airlines and Temasek Holdings, the Singapore government's investment arm, company officials said.
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SYDNEY: British Airways said it will sell its entire 18.25% stake in Australia&#39;s Qantas Airways in a move seen as likely to fuel a major realignment of airline alliances.
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China Eastern Airlines said yesterday it valued its new order of 20 Airbus jets at $3.4 billion. The A330-300s will be delivered to China&#39;s third-largest airline between 2006 and 2008.
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IBM is selling its PC-making business to China's largest personal computer company, Lenovo Group Ltd., for &#36;1.25 billion, marking the U.S. company's retreat from an industry it helped pioneer in 1981.
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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China&#39;s biggest computer maker, Lenovo Group Ltd.
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Eon, the Germany utility group, off-loaded its last major non-core asset on Wednesday with the sale of its majority stake in Austrian mobile operator ONE  to a consortium led by France Telecom.
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General Electric Co. completed the sale of a majority stake in its global outsourcing business to two U.S.-based equity firms for &#36;500 million, the conglomerate said Friday.
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United Parcel Service, the US delivery company, is to take direct control of its core international express operations in China, paying US$100m to buy out its local partner, Hong Kong-listed Sinotrans.
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Chinese aluminium giant Chinalco said Friday it and US peer Alcoa have bought a 12-percent stake in Anglo-Australian miner Rio Tinto, setting up a possible takeover tussle with rival BHP Billiton.
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Alcoa Inc., the world's top aluminum maker, is selling its entire stake in Aluminum Corp of China Ltd  (Chalco) for up to US$2 billion, reaping a potential profit on its investment of as much as US$1.9 billion.
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China's largest personal computer maker, Lenovo Group Ltd. (0992.HK), said on Wednesday it is buying control of IBM's PC-making business for &#36;1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981.
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China Eastern Airlines has announced an agreement to buy six 737-700 jetliners from US manufacturer Boeing for a total of $US241 million.
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Air China shares are suspended on rumours it may team up with Cathay Pacific to buy a stake in China Eastern.
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Ping An Insurance (Group) Co. Ltd.   2318.HK, China's second-largest life insurer, plans to sell   up to 1.15 billion A-shares worth an estimated US$4 billion   (2.17 billion pounds) to replenish its capital.
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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China's biggest computer maker, Lenovo Group Ltd., for &#36;1.75 billion in cash and stock.
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Ping An Insurance (Group) Co. Ltd.  (2318.HK), China's second-largest life insurer, plans to sell  up to 1.15 billion A-shares worth an estimated US$4 billion  (2.17 billion pounds) to replenish its capital.
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U.S. private equity house Lone Star said on Friday it sold a stake in Korea Exchange Bank as well as two domestic firms for a total of $2.3 billion, speeding up disposals of controversial South Korean investments.