Stock market fall ‘not the Big One’, says BAML
LONDON (Reuters) – Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) sa…
China widens foreign access to its giant financial sector
BEIJING (Reuters) – China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major globa…
Kobe Steel blames data scandal on focus on profit, lack of controls
TOKYO (Reuters) – Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data tampering that has shaken up the supply chains of car and plane makers around the world.
China lifts foreign ownership limits on financial firms
BEIJING (Reuters) – The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market.
Exclusive: Carlyle explores sale or IPO of Ortho-Clinical Diagnostics – sources
(Reuters) – Private equity firm Carlyle Group LP is exploring a sale or initial public offering of Ortho-Clinical Diagnostics Inc, a U.S. diagnostics company that could be valued at more than $7 billion, including debt, people familiar with the matter …
Kobe Steel to report on causes of data cheating, CEO to speak
TOKYO (Reuters) – Kobe Steel Ltd said it would announce on Friday the results of an internal investigation into the causes of a data-cheating scandal that has rocked the Japanese steelmaker and affected hundreds of its customers globally.
China will lift foreign ownership limits on financial market JVs: vice finance minister
BEIJING (Reuters) – China will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent, a vice finance minister said on Friday.
Kobe Steel to announce causes of data cheating, CEO to brief
TOKYO (Reuters) – Kobe Steel Ltd said it would announce on Friday the results of an internal investigation into the causes of a data-cheating scandal that has rocked the Japanese steelmaker and affected hundreds of its customers globally.
Hyundai considers adding SUVs, pickup to U.S. factory: Seoul Economic Daily
SEOUL (Reuters) – South Korea’s Hyundai Motor Co is considering building its Tucson and Kona sport utility vehicles and its pickup truck at its sole U.S. factory to reverse a sales slump, Seoul Economic Daily reported on Friday.
Toshiba considering $5.3 billion capital injection: source
TOKYO (Reuters) – Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday.
