Exclusive: Foreign insurers gear up to tap China’s $1.6 trillion pensions business – sources
Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.
Danone sells U.S. organic salad business to Taylor Farms
French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms.
Honda’s China sales likely to catch U.S. sales in two-three years: CEO
Honda’s sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company’s chief executive said on Friday.
Tesla begins offering leases for Model 3
Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base.
India’s SpiceJet to lease 16 Boeing 737s to fill gap as groundings push up fares
Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a “first lot” of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September.
Asian shares dip on caution over global growth, U.S. earnings
Asian shares turned lower on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data.
Uber filing lists revenue gains, struggles of food business
Uber Technologies Inc’s restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc.
Tesla, Panasonic to seek productivity gains before new battery investments
Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday.
Toshiba shares slump after sale of U.S. LNG business canceled
Toshiba Corp shares fell by the most in two months on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed, a blow for the Japanese company which has been shedding assets to turn around its business.
SoftBank picking its battles with U.S. national security committee
SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United States.
