Saudi Aramco lines up banks, eyes local listing this year: sources
Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering (IPO), a source familiar with the transaction said.
Apple, Foxconn say they overly relied on temporary workers in China
Apple Inc and manufacturing partner Foxconn Technology Co Ltd on Monday rebutted allegations of lapses in people management leveled by a non-profit monitor of worker rights, though confirmed they employed too many temporary workers.
U.S. charges Chinese professor in latest shot at Huawei
U.S. prosecutors have charged a Chinese professor with fraud for allegedly taking technology from a California company to benefit Huawei, in another shot at the embattled Chinese telecommunications equipment maker.
Nissan to discuss CEO Saikawa’s successors at meeting on Monday: source
Nissan Motor Co’s nominations committee will discuss potential successors for Hiroto Saikawa at a meeting on Monday, a source said, as pressure deepened on the embattled chief executive after he admitted to improper compensation.
Ahold’s CFO to leave company in 2020
Ahold Delhaize , the Dutch-American supermarket operator, said on Monday its chief financial officer will leave the company when his term expires in April 2020.
Japan downgrades second-quarter GDP as trade war hits business investment
Japan’s economy grew at a slower pace than initially estimated in the second quarter as the U.S.-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month.
Asia stocks gain as soft data lift stimulus hopes
Asian stocks edged higher on Monday amid a cautious mood as investors pinned their hopes on expected global stimulus to support slowing growth in the world’s major economies.
Geely to bring air taxis to China in tie-up with Daimler-backed Volocopter
German startup Volocopter said it plans to form a partnership with Zhejiang Geely Holding Group that will bring its air taxis to China and that it has raised 50 million euros ($55.13 million) in fresh funding from the Chinese company and others.
Ferrari to lift lid on new F8 Spider to maintain fast track growth
Ferrari will reveal its latest sports car on Monday as the Italian premium automaker pursues an aggressive roll-out of new models to sustain its turbo-charged core earnings and share price growth.
Asia stocks edge up as weak data lift stimulus hopes
Asian stocks tip-toed higher on Monday amid a cautious market mood as investors hoped for stimulus to support growth in the world’s major economies.
