SHANGHAI/HONG KONG: Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the top shareholder of Morgan Stanley Huaxin Fund Management Co. The Wall Street bank, which currently owns 37.4 percent in...
TOKYO: Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent, a day ...
TOKYO: Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, a day after it hit eight ...
REUTERS: Uber Technologies Inc has decided it will seek to sell around US$10 billion worth of stock in its initial public offering (IPO), and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday. Most of the shares sold would be...
SYDNEY: Shares in Australian casino operator Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd abruptly ended takeover talks overnight. Wynn, the world's second-largest casino operator, had proposed a buyout valuing Crown at AUS$10 billion (US$7.1 billion), Crown ...
SAO PAULO: The Brazilian unit of Ford Motor Company said on Tuesday it was initiating a voluntary layoff program for its plant in Camaçari, in the northeast state of Bahia, with the objective to cut workforce it said was in excess of current needs. The company in its statement...
SAN FRANCISCO: A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to US$350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year's wildfires. Judge...
SINGAPORE: Implementing the GPS-based instrument approach procedures at Seletar Airport will ultimately result in having more airlines operate out of the airport, industry experts said on Tuesday (Apr 9). The procedures will be developed by civil aviation authorities from both Singapore and ...
JERUSALEM/NEW YORK: Airbnb said on Tuesday it would not implement a planned delisting of Israeli settlements in the occupied West Bank and would donate proceeds from any bookings in the territory to international humanitarian aid organizations. Heeding calls from Palestinians who want the West ...
NEW YORK: Wall Street is bracing for large U.S. companies to report a decline in quarterly profits even after raking in higher revenues, something that has not happened in more than a decade. S&P 500 companies due to report in the coming weeks face tough comparisons with last year,...
