Tuesday, March 28th, 2017
(March 28): Asia is a key part of Moscow-based Rostec State Corp’s plan to become one of the world’s top five defense companies within a decade, according to a senior executive.
Rostec, whose units account for about 70 percent of Russia’s defense industrial base and include AK-47 assault rifles and MiG fighter jets, will focus on selling more to countries including India, Indonesia, Thailand and the Philippines, Viktor Kladov, Rostec’s director for international cooperation, said in an interview conducted by email on March 24.
(March 28): Tsinghua Unigroup Ltd has clinched as much as 150 billion yuan (US$22 billion) of financing from two Chinese government-backed investors, amassing a pool of funds to pursue acquisitions and build a world-class semiconductor industry.
The state-linked chip-maker will receive a total of 100 billion yuan from China Development Bank, a policy lender overseen by the country’s cabinet, in the years till 2020. It’ll get another 50 billion yuan from a national chip fund set up in 2014 to drive advances in domestic semiconductors, Unigroup said in a statement on its website.
NEW YORK, March 28 — The dollar steadied broadly today, hovering above 4-month lows, as a general risk-off mood in currency markets offset comments from Federal Reserve officials that suggested the US central bank was poised to continue its…
FRANKFURT, March 28 — Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr expects France and Germany to take a hard line against the UK aviation industry in Brexit negotiations, threatening to disrupt flight connections across Europe….
DETROIT/WASHINGTON (March 28): Ford Motor Co on Tuesday said it would invest US$1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after US President Donald Trump touted a “major investment” by the automaker on Twitter.
In January, Ford scrapped plans to build a US$1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps criticism that centered on trade and investing in America.
NEW YORK, March 28 — US stocks looked set to open slightly lower today as investors assessed President Donald Trump’s first major policy stumble, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen….
NEW YORK (March 28): US stocks struggled for direction on Tuesday as investors chose to look beyond President Donald Trump’s first major policy setback, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen.
A failed healthcare Bill sent the dollar and stocks down on Monday as investors questioned Trump’s ability to push his ambitious agenda of tax cuts and simpler regulations in Congress.
(March 28): Tesla Inc, the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake in the US company for US$1.78 billion.
The purchase, revealed in a US regulatory filing, gives Shenzhen-based Tencent a growing presence in the rapidly expanding future mobility sector, with investments in US and Chinese startup companies that provide ride sharing services and are developing self-driving electric vehicles.