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Article: BUSINESS IN ASIA TODAY - JULY 24, 2008.

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AsiaPulse News
Article date:
July 24, 2008
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Business in Asia on July 24, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

HYUNDAI MOTOR'S Q2 PROFIT TUMBLES 10.6 PCT

SEOUL - Hyundai Motor Co. (KSE:005380), South Korea's largest automaker, said today its second-quarter net profit fell 10.6 per cent from the same period the year before. Hyundai earned 546.9 billion won (US$539 million) in the three month period ending June 30, compared with 611.5 billion won for the same period last year, the company said in a statement.

CHINA'S XUGONG DROPS PLANS TO SELL STAKE TO CARLYLE

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