China Eastern shareholders torpedo Singapore Air deal
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SHANGHAI/HONG KONG  - Shareholders of China Eastern Airlines  on Tuesday rejected a deal to sell a 24 percent stake in the country's third-largest carrier to Singapore Airlines  for US$920 million.
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China Aviation Oil (Singapore) Corp. faces a liquidation application as early as tomorrow unless it pays debt owed to Standard Bank London Ltd.
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The Bank of China has bought Asia's largest aircraft leasing company SALE, Singapore Airlines -- one of four shareholders in the firm -- has announced.
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China rejected an overture from Taiwan for talks on direct charter flights and stepped up accusations that President Chen Shui-bian is plotting to declare the island&#39;s independence.
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A China Eastern commuter plane crashed  into a frozen lake seconds after takeoff in Inner Mongolia on  Sunday, killing all 53 passengers and crew, state media said.
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China Eastern Airlines  (0670.HK) shareholders rejected a deal to sell a 24 percent  stake to Singapore Airlines  for US$920 million,  opening the door for bigger rival Air China (0753.HK) to make a  play for the country's third-largest carrier.
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China is expected to tighten controls on its companies&#39; financial dealings abroad after the Singapore arm of China&#39;s biggest jet fuel supplier suffered massive losses trading risky energy derivatives, state media said Friday.
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The Singapore Exchange is warning investors not to rely on the Straits Times Index, after a computer inaccurately reported stock values.
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SINGAPORE (Dow Jones)--China Aviation Oil Singapore Corp. (C47.SG) Chairman Jia Changbin has expressed &quot;regret&quot; at the company&#39;s US$550 million losses from trading oil futures and reiterated its Chinese parent
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Police said they arrested the chief executive of Beijing-backed China Aviation Oil&#39;s subsidiary in Singapore on Wednesday, following the company&#39;s announcement last week of massive trading losses.
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Singapore Airlines' offer to buy a stake in China Eastern Airlines is rejected by a   shareholders' vote.
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Singapore Airlines Ltd, Asia&#39;s most profitable carrier, may use new Boeing Co planes to try to win long-haul passengers from Emirates and Cathay Pacific Airways
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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China will not approve any new commercial aircraft purchases in 2005 in an effort to curb &quot;over-heated&quot; growth in the sector and uncontrolled capacity expansion by domestic airlines, a government official said.
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Australian travel retailer Flight Center Ltd.  said its planned A$1.62 billion ($1.28 billion) management buy-out did not receive shareholder approval at a meeting on Wednesday.
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HONG KONG : China&#39;s flagship carrier Air China has been handed a controlling stake in Hong Kong-listed aviation services company China National Aviation Co Ltd, the airline said on Monday.
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China Southern Airlines Co. Ltd., the countryÂ¡Â¯s largest airline, said over the weekend it would buy assets worth US$2 billion from its State parent as part of a restructuring of the fragmented industry.