U.S. office vacancy rate flat in first quarter U.S. office vacancy rate flat in first quarter:- U.S. office vacancy rate was flat at 15.8 percent in the first quarter of 2017, compared with the fourth quarter of 2016, according to real estate research firm Reis Inc (REIS.O). Asking rent rose […]
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ExxonMobil says in talks to buy Singapore Jurong Aromatics ExxonMobil says in talks to buy Singapore Jurong Aromatics:- ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia. "We can confirm that we are currently negotiating with […]
U.S. regulator fines Credit Suisse unit, adviser over improper investments U.S. regulator fines Credit Suisse unit, adviser over improper investments:- Credit Suisse Securities (USA), a unit of Credit Suisse AG (CSGN.S), and a former investment adviser have agreed to pay about $8 million in fines to settle charges relating to […]
Ford recalls F-250 pickups that could roll while in park Ford recalls F-250 pickups that could roll while in park:- Ford Motor Co (F.N) is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission […]
Saudi Aramco formally appoints banks to advise on share sale Saudi Aramco formally appoints banks to advise on share sale:- Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The […]
Toyota recalls 2.9 million vehicles globally over airbags Toyota recalls 2.9 million vehicles globally over airbags:- Toyota Motor Corp (7203.T) on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due […]
GM rebuffs two-class share plan from Einhorn Greenlight Capital GM rebuffs two-class share plan from Einhorn Greenlight Capital:- General Motors Co (GM.N) on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price. In a regulatory filing, the country's largest […]
Asia stocks up with dollar, sterling cold shouldered on Brexit day Asia stocks up with dollar, sterling cold shouldered on Brexit day:- Asian shares inched ahead on Wednesday while the dollar and commodities held gains as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused […]
China telecom firm ZTE removed from U.S. trade blacklist China telecom firm ZTE removed from U.S. trade blacklist:- The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp (000063.SZ) from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed […]
American Airlines takes $200 million stake in China Southern American Airlines takes $200 million stake in China Southern:- China Southern Airlines Co Ltd (1055.HK)(600029.SS) said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc (AAL.O), giving the U.S. airline […]
