Latest news from Channelnewsasia.com - Business feed

Latest news from Channelnewsasia.com - Business feed

  1. Akzo shareholder Elliott says 25 percent of owners want talks: FD newspaper

    Elliott Advisors, the hedge fund with a 3.25 percent stake in Dutch paintmaker Akzo Nobel , has identified shareholders representing 25 percent of the company's owners who want it to engage in takeover talks with PPG Industries , according to Dutch newspaper…
  2. Toshiba's Westinghouse to file for Chapter 11: Japan govt

    Toshiba Corp's troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan's government said on Wednesday, as the conglomerate seeks to limit losses that have plunged it into…
  3. Toshiba approves Chapter 11 filing for nuclear unit Westinghouse: Nikkei

    The board of Japan's Toshiba Corp has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on…
  4. 4.67m passengers passed through Changi Airport in February

    This represented an increase of 1.5 per cent year-on-year, Changi Airport Group…
  5. Dollar bounces on Fed talk, sterling wobbles on Brexit anxiety

    The dollar index, which tracks the greenback against six major rival currencies, edged up 0.1 per cent to 99.754, It moved off a low of 98.858 plumbed earlier this week, its weakest level since Nov. 11, in the wake of U.S. President Donald Trump's failed healthcare reform…
  6. Asia stocks gains with dollar, sterling hit by Brexit woes

    Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused on an improving outlook for global…
  7. General Motors reaches deal with Argentine port operator to import cars

    A unit of General Motors Co has reached a deal with port operator Terminal Puerto Rosario to import cars to Argentina, moving the U.S. automaker a step closer to exporting from its nearby plant, the company said in a statement on…
  8. US launches anti-dumping probe against Chinese aluminium foil

    The United States launched an anti-dumping investigation against imports of Chinese aluminium foil on Tuesday, the latest in a series of cases against the country that could result in the imposition of punitive…
  9. BlackRock cuts fees and jobs; stockpicking goes high-tech

    BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the…
  10. BlackRock cuts fees, jobs; stockpicking goes high-tech

    BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the…
  11. Depomed names new CEO, directors in deal with activist Starboard

    Depomed Inc reached a deal with activist investor Starboard Value LP to name a new chief executive officer and two other directors to its…
  12. BlackRock plans major changes to its active stockpicking business

    BlackRock Inc on Tuesday said it would dramatically recast a portion of its fund management operations, conceding that the business of picking stocks has grown increasingly…
  13. Wells Fargo to pay US$110 million to settle lawsuit over account abuses

    Wells Fargo & Co said it agreed in principle to pay US$110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his…
  14. China telecom firm ZTE removed from US trade blacklist

    The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly US$900 million, the agency said in a…
  15. Possible Westinghouse bankruptcy a potential security concern: US official

    The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for President Donald Trump's administration and a potential national security issue, an administration official told Reuters on…
  16. US stocks end higher on consumer data, higher oil

    Wall Street stocks scored solid gains on Tuesday, and snapped an eight-day losing streak for the Dow, as higher oil prices and a record reading on US consumer confidence boosted…
  17. Westinghouse a 'concern' for US and potential national security: US official

    The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for the Trump administration and is a potential national security issue, an official of the U.S. administration told Reuters on…
  18. MoneyGram bidder Euronet ramps up fight to stop Chinese rival's bid

    Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security…
  19. US Fed's Fischer worried by possible rise of protectionism

    Federal Reserve Vice President Stanley Fischer said on Tuesday he would be worried by any return to protectionism in the global…
  20. Uber diversity report shows shortage of women, minorities

    Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company - just as they are at many other technology…