1.   Friday, the company said it acquired the activities of its Australian distributor, Trace Pacific Pty. Ltd., and is opening a subsidiary in Taiwan.

2.   It also opened subsidiaries in Thailand and Brazil.

3.   Islamic Development Bank is considering opening a subsidiary in Trinidad, Information Minister Senator Wade Mark said.

4.   It plans to open new subsidiaries in Poland and Switzerland and to open representative offices in Shanghai and Beijing in China.

5.   Not long after I took over the account, the chairman of Clicquot asked me to open a subsidiary in the United States.

6.   Rival Raiffeisen Zentralbank Oesterreich AG said last week it will open subsidiaries in Romania and the Ukraine, as it expands its activities in that region.

7.   Rival Raiffeisen Zentralbank Oesterreich AG said last week that it will open subsidiaries in Romania and the Ukraine, as it expands its activities in that region.

8.   Two weeks ago Morgan Stanley Group Inc. opened a subsidiary in Sao Paulo.

9.   U.S. companies open subsidiaries abroad and foreign firms branch into the United States, creating a spreading global maze of financial tunnels into which profits can disappear.

10.   While foreign banks are rushing to open subsidiaries in the Philippines, the banking industry may already be ripe for consolidation.