Dallas-based Greyhound was put up for sale by Britain’s FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines.
Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.
Germany’s financial watchdog Bafin could fine Commerzbank, business daily Handelsblatt reported, adding the lender may have been late in informing markets of a strategic overhaul three years ago.
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner – threatening to put a halt to five years of strong profits in the cut-throat air travel industry.
China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said.
Britain’s FirstGroup plans to sell U.S. coach service Greyhound and spin-off its First Bus operations in an attempt to head off shareholder pressure, lifting its share price by 13% on Thursday.
Toyota Motor Corp said on Thursday it would launch a plant in Myanmar to manufacture Hilux pick-up trucks from 2021 as the Japanese automaker plans to locally assemble vehicles for the emerging nation where demand for cars has been soaring.
Train and bus operator FirstGroup said on Thursday it would sell U.S. coach service Greyhound and look to separate off its UK First Bus operations as it seeks to head off pressure from major investors for returns.
Rail and bus operator FirstGroup said on Thursday it was looking to sell its U.S. coach service Greyhound and is also looking at ways to separate its UK First Bus operations from the group.
The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange market has regulators scrambling for answers.
Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signaled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
SoftBank’s Vision Fund is looking to borrow $4 billion against its stakes in Uber Technologies Inc, soon-to-go-public Slack Technologies Inc, and blood-testing company Guardant Health Inc, the Financial Times reported, citing people directly involved in the deal.
China’s commerce ministry said on Thursday it would keep levying anti-dumping tax on tetrachloroethylene imported from the European Union and United States until May 30, 2020, while it reviews domestic requests to extend the duties.
Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation.
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