Indonesia’s Lion Group buying ATR planes worth $1 billion in Asia expansion
SINGAPORE (Reuters) – Indonesia’s Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer.
SABMiller, Coca-Cola and local firm to create African bottler
LONDON (Reuters) – SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in revenue across 12 fast-growing markets.
Toyota recalls more cars for dangerous Takata air bags
TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.
Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFR
HONG KONG (Reuters) – Chinese real estate developer Dalian Wanda Commercial Properties, a unit of billionaire Wang Jianlin’s Dalian Wanda Group, will seek approval from Hong Kong’s bourse for an up to $6 billion initial public offering on Monday, IFR r…
U.S. regulator orders national Takata driver-side air bag recall
DETROIT (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.
S&P 500 ends at record high boosted by tech shares
NEW YORK (Reuters) – U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.
S&P 500 ends at record high boosted by tech shares
NEW YORK (Reuters) – U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.
Yellen’s ‘optimal’ model calls for rate hike this year, in theory
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen’s own priorities points to a rate increase by the …
Nigeria’s parliament says Shell should pay $4 billion for 2011 oil spill
ABUJA (Reuters) – Nigeria’s National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.
OPEC heading for no output cut despite oil price plunge
VIENNA (Reuters) – OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.
