Friday, October 6th, 2017

 

Renault plans China growth, more electric vehicles

PARIS, Oct 6 — French automaker Renault, a leader in electric vehicles, announced today plans to launch five new emissions-free models by 2022 and make a major push into China. Renault CEO Carlos Ghosn said he aimed for annual sales of 5…


IMF warns Catalonia tensions could hurt business confidence

MADRID, Oct 6 — The International Monetary Fund kept its growth forecast for Spain for this year unchanged at 3.1 per cent but warned that “tensions” over Catalonia’s separatist drive could take their toll on business. “Our outlook for…


Thyssenkrupp trumpets uplifting demand for next-generation elevators

ROTTWEIL (Germany), Oct 6 — Thyssenkrupp, trying to transform itself into a technology group, is attracting strong demand for its next-generation elevators, which operate without steel cables or ropes, it said today. Based on…


Secret code set in motion HSBC’s currency scheme, US says

NEW YORK, Oct 6 — With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch a buying spree of pounds: “My watch is off.” The bank’s former global head of foreign…


Bank behind ‘Fearless Girl’ statue settles gender pay dispute

NEW YORK, Oct 6 — State Street Corp, the US$2.6 trillion asset manager that installed the Fearless Girl statue on Wall Street, agreed to settle US allegations that it discriminated against hundreds of female executives by paying them less than…


DRB-Hicom: PONSB gets RM1.1b R&D reimbursement grant

KUALA LUMPUR, Oct 6 — DRB-Hicom Bhd announced that Perusahaan Otomobil Nasional Sdn Bhd (PONSB) has received research and development (R&D) reimbursement grant for RM1.1 billion from Ministry of Finance. In a filing to Bursa Malaysia today,…


US jobs data knocks stocks off record pedestal

LONDON, Oct 6 — US stocks slid off record highs today after data showed US payrolls contracted for the first time in seven years last month. Although the 33,000 drop in non-farm jobs was attributable to major hurricanes that struck Texas and…


Ryanair takes on competitors over crisis

LONDON, Oct 6 — Crisis-hit Ryanair has apologised to its pilots and offered to pay more than budget airline rivals, as the likes of EasyJet look to profit from sector turbulence that continued to rumble today. Europe’s no-frills airline…


Japan’s Dentsu gets only small fine for overtime breaches despite outcry

TOKYO, Oct 6 — Japan’s Dentsu Inc was fined just ¥500,000 (RM18,643) after a Tokyo court ruled it had made employees work overtime beyond legal limits — a case that followed a high-profile death from overwork at the advertising giant….


Tour reveals shady Nigerian cash behind London luxury homes

LONDON, Oct 6 —In a bid to expose the murky Nigerian money lurking behind some of London’s most high-end properties, anti-corruption campaigners are offering an unusual property tour of the British capital. As the coach carrying journalists…