(Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. Hyundai Motor Co (005380.KS) and sister firm Kia Motors Corp (000270.KS) are making the investment of 100 million euros ($110 million) in Arrival Ltd. Founded in 2015 and […]
WASHINGTON (Reuters) – The U.S. economy expanded at a modest pace through the final six weeks of 2019 but uncertainty over U.S. trade policy continued to hurt firms, a survey conducted by the Federal Reserve said on Wednesday. “In many districts, tariffs and trade uncertainty continued to weigh on some businesses,” the Fed said in […]
(Reuters) – Bank of America Corp beat analysts’ estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the second-biggest U.S. lender blunt a hit from lower interest rates. Bond trading has been a bright spot for big U.S. banks that reported fourth-quarter results this week, […]
(Reuters) – Bank of America Corp beat analysts’ estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the second-biggest U.S. lender blunt a hit from lower interest rates. Bond trading has been a bright spot for big U.S. banks that reported fourth-quarter results this week, […]
DUBAI (Reuters) – JPMorgan (JPM.N) is the first major brokerage to initiate coverage of Saudi Aramco (2222.SE) with an “overweight”, setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant’s proposed $75 billion base dividend. Goldman Sachs on Tuesday rated the company “neutral” […]
SINGAPORE (THE BUSINESS TIMES) – Developers in Singapore moved 538 private homes in December 2019, half of the 1,147 units they sold in the previous month, amid a dearth of new launches. The latest figure, however, is 10.6 per cent higher than the 602 units sold in December 2018. Developers sold 2,635 units in the […]
TOKYO (Reuters) – Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated 0.40%, Japan’s benchmark Nikkei and South […]
The growing institutional market for investing in the private rental sector accounted for one in three commercial property investments in 2019, according to a report from CBRE. This market is becoming increasingly popular for institutional investors – dubbed ‘cuckoo’ funds – which are rapidly changing the housing market by buying or building entire blocks of […]
BEIRUT (Reuters) – Carlos and Carole Ghosn, the former first couple of carmaker Nissan, are united again in Beirut. They hold hands in the street and whisper together in a mix of Arabic and French. They kiss. But the pair’s most visceral display of unity comes when they talk about Carlos Ghosn’s former home. “I’m […]
(Reuters) – U.S. stocks hit intra-day record highs on Tuesday before turning negative following a report that the United States would likely maintain tariffs on Chinese goods until after November’s presidential election. The eventual removal of tariffs by Washington would depend on Beijing’s compliance with the Phase 1 trade accord, which is expected to be […]