Nasdaq, SGX in pact to woo firms interested in listing on both boards
(Reuters) – Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.
Nissan Motor says CEO Saikawa to brief on uncertified inspection issue
TOKYO (Reuters) – Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.
Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe
TOKYO (Reuters) – Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe’s falsified quality data had compromised the safety of the products.
China biotech’s ‘coming out party’ masks long road ahead
LONDON/SHANGHAI (Reuters) – Investors are betting on China’s potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.
Australia’s Westpac to refund 200,000 customers for missed benefits
(Reuters) – Australia’s Westpac Banking Corp said on Thursday it will pay refunds to about 200,000 customers who should have received cash benefits, as the country’s lenders seek to ease concerns about their governance after a series of scandals.
Nestle expects 2017 margin to decline on higher restructuring costs
ZURICH (Reuters) – Food group Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine…
Asia stocks shed gains after data shows slower China growth
TOKYO (Reuters) – Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world’s second largest economy slowed slightly in the third quarter.
Thirty years ago this week, Wall Street slid into the abyss
NEW YORK (Reuters) – Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint o…
Could the 1987 stock market crash happen again?
NEW YORK (Reuters) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
Toshiba probed by Japan securities watchdog over results filing: source
TOKYO (Reuters) – Japan’s securities watchdog is investigating Toshiba Corp’s accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.
