AsiaNet Daily Summary - Press Releases for Tuesday August 27, 2002

LOS ANGELES: Motion picture company Dreamworks today announced a new financing arrangement totaling $1.5 billion. DreamWorks' Head of Finance Anthony Hull stated, "in this difficult financing environment, JPMorgan Chase, Fleet and Ambac have worked closely with us to develop an innovative financing structure that provides DreamWorks with ample liquidity and a lower cost of capital, as well as a solid financial foundation."

MOSCOW: The CEO of Russia’s state arms exporter Rosoboronexport, said last year was very successful with sales in excess of US $4 billion. The company said Russia’s top selling arms continue to be Combat and military transport aircraft, accounting for more than 65% of the country's revenues from arms exports.

UTRECHT: Eurailpass travelers will enjoy increased flexibility with the Eurail Selectpass, valid for travel in a selection of 4 or 5 European countries, reported the Eurail Group. The company said details of the expanded range of Eurailpasses would be published on the official Eurail website http://www.eurail.com during September 2002.

HONG KONG: Asia Global Crossing today announced the completion of East Asia Crossing, a telecommunications system connecting the major business centres of Asia. "With the completion of East Asia Crossing, Asia Global Crossing's network connects the major business centres that account for more than 90 percent of all intra-Asian traffic routes," said Bill Barney, president and chief operating officer, Asia Global Crossing.

TIANJIN: Dynasty wines exports its products to more than 20 countries around the world and produces over 30 kinds of Western-style wines in three series, the company said today. General Manager, Gao Xiaode said the Dynasty brand has been assessed with a value of $273 million US dollars.

DEARBORN: Visteon Corporation today announced they would provide future Chrysler Group vehicles with reliable and lightweight compressors. A media release revealed the main function of the compressor is to move refrigerant through the air conditioning system.

NEW YORK: There has been an increase in demand for risk management certification in Asia and throughout the world according to the Global Association of Risk Professionals. A media release said increased demand for the most vital certification in the field, the FRM, is a sign of the current economic climate.

(AsiaNet is a consortium of leading news agencies distributing unedited,translated press releases for worldwide clients. Contact: www.asianetnews.net for full-text versions).

• ข่าวJPMorgan Chase
• ข่าวinnovative
• ข่าวmotor
• ข่าวo:heal
• ข่าวo:asn