×

Leadership Business Events

  • *Hutchison Telecom sees profit of HK $5.8 bln on the sale. Hutchison Telecom, a unit of Hong Kong's richest man Li Ka-Shing's CK Hutchison Holdings, said in a filing on Sunday that it had agreed to sell its fixed-line telecoms business to I Squared Capital for HK $14.5 billion in cash. Hutchison Telecom said it expected to make a profit of HK $5.8 billion on the sale of...

  • MEXICO CITY, Aug 4- Toyota Motor Corp said on Friday it planned to build pickup trucks and possibly SUVs at a new plant in Mexico, a move that followed threats by U.S. Toyota de Mexico spokesman Luis Lozano said the global auto maker would study producing SUVs in Guanajuato, in addition to the Tacoma truck model. "Instead of building lower value cars that generally...

  • MEXICO CITY, Aug 4- Toyota Motor Corp on Friday said it planned to build pickup trucks and possibly SUVs at a new plant in Mexico, a move that followed threats by U.S. Toyota de Mexico spokesman Luis Lozano said the global auto maker would study producing SUVs in Guanajuato, in addition to the Tacoma truck model. "Instead of building lower value cars that generally...

  • *Plant to produce Toyota Corollas, new Mazda SUV crossover. *To develop electric vehicle technologies. TOKYO, Aug 4- Toyota Motor Corp said on Friday it planned to take a 5 percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles.

  • *Toyota to take 5 pct stake in Mazda, Mazda takes 0.25 pct in Toyota. TOKYO, Aug 4- Toyota Motor Corp and Mazda Motor Corp plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. The two will take small stakes in each other as part of the tie-up:...

  • *Toyota to take 5 pct stake in Mazda, Mazda takes 0.25 pct in Toyota. *Plant to produce Toyota Corollas, new Mazda SUV crossover. TOKYO, Aug 4- Japanese automakers Toyota Motor Corp and Mazda Motor Corp said on Friday they plan to build a $1.6 billion U.S. assembly plant and jointly develop electric vehicle technologies.

  • WASHINGTON/ DETROIT Aug 3- Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. Japan's Nikkei reported earlier on Thursday that Toyota would take a roughly 5 percent stake in Mazda Motor Corp to develop key electric...

  • MADRID, Aug 3- Spain's Gas Natural said on Thursday it had agreed to sell 20 percent of its Spanish gas distribution assets to a consortium of foreign investors for 1.5 billion euros. The minority stake in the Spanish gas business was sold to Allianz Capital Partners and Canada Pension Plan Investment Board. The sale price implies an enterprise value for the...

  • WASHINGTON/ DETROIT Aug 3- Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to launch a joint venture and build a new U.S assembly plant, a person briefed on the matter said. Japan's Nikkei reported on Thursday that Toyota would take a roughly 5 percent stake in Mazda Motor Corp to develop key electric vehicle technologies and...

  • WASHINGTON, Aug 3- The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 240,000 for the...

  • WASHINGTON, Aug 3- The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. "The labor market remains tight as a drum even if it is not throwing off the sparks of higher wages and more...

  • NEW YORK, Aug 3- The number of planned layoffs at U.S. companies dropped in July to its lowest since November while job-opening announcements notched up, a sign that businesses are confident that the economy will continue to expand, a report released Thursday showed. U.S. companies announced 28,307 planned job cuts in July, a 9 percent decline from 31,105 in June...

  • JOHANNESBURG, Aug 3- South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday. Sibanye, which has 58,000 employees in South Africa, will start consultations with labor unions and government about the restructuring of its loss-making Beatrix...

  • JOHANNESBURG, Aug 3- South Africa's Sibanye Gold will restructure operations in its home market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday. Sibanye, which employs 58,000 people in South Africa, will start consultations with labour unions and government about the restructuring of its loss-making Beatrix West...

  • NEW YORK, Aug 3- Invesco Ltd is in discussions to acquire part of the investment management business of Guggenheim Partners LLC, including its exchange-traded funds business, according to a person familiar with the matter. In April it acquired Europe- based asset manager Source, bolstering its ETF product lineup. The company managed $858 billion in assets as of...

  • Aug 2- Cyber security company Symantec Corp has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC, people familiar with the matter said on Wednesday, a move that extricates it from a feud with Alphabet Inc's Google. Symantec stands to receive close to $1 billion in an upfront cash payment as a result of the deal, and...

  • Aug 1- Sportswear maker Under Armour Inc cut its full-year sales forecast due to weak demand for its products in North America, and launched a restructuring plan that involves closing facilities and leases as well as job cuts. It expects full-year earnings of 37- 40 cents per share, missing analysts' average estimate of 42 cents per share, according to I/B/E/S.

  • LONDON, July 31- Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world's second-largest oil company by market capitalisation said in a statement...

  • *China July official manufacturing PMI 51.4. *China July official services PMI 54.5. *China July new factory orders 52.8.

  • TOSHIBA CORP AGREES TO GIVE WESTERN DIGITAL CORP TWO WEEKS' NOTICE BEFORE CLOSING SALE OF MEMORY CHIP UNIT- COURT HEARING.