HK financier Francis Leung joins CVC as adviser

(Reuters) - Leung, a long-time banker to Hong Kong tycoon Li Ka-shing with close China ties, was with Citigroup Global Markets as chairman of Asia until last year focusing on developing Citigroup's Greater China investment banking business, CVC said.




CVC, which is a major shareholder in global motor racing business Formula 1, owns interest in Australia's media group PBL Media, Japan's restaurant chain Skylark, Singapore's precision metals stamping firm Amtek, Malaysia's largest paper packaging firm GS Paper and Packaging, and Chinese wood fibreboards maker Plantation Timber Products.


Read more at Reuters.com Business News

Weyerhaeuser earnings tumble

(Reuters) - Excluding items, the company earned 48 cents a share in the latest quarter.




The company's shares have fallen 16.1 percent over the last three months, tracking a 12 percent drop in the Standard & Poor's Paper and Forest Products Index.


Read more at Reuters.com Bonds News

Sappi Q1 earnings of 13 US cents

South African paper producer Sappi posted 13 U.S. cents in first-quarter earnings per share, and said on Thursday it expected even better results in the second quarter, boosting its shares.
Sappi broke even in terms of profit after tex in the corresponding year-earlier period, which runs to end-December.

Shares in Sappi made the strongest gains among blue chips, racing more than 3 percent after the results were released, before paring gains to trade 2.96 percent up at 104 rand by 0724 GMT, beating a 0.71 percent increase in the Top-40 index.

Read Full Article at Reuters South Africa