Hong Kong’s securities regulator banned UBS on Thursday from sponsoring initial public offerings (IPOs) domestically for a year for failures in that role in three IPOs, the first major bank involved in stock listings to face such action in the city.
China’s customs authority has lifted a warning notice that barred Tesla Model 3 imports into the country last week, an official in the authority’s news department told Reuters on Thursday.
Hong Kong’s securities regulator banned UBS on Thursday from sponsoring initial public offerings (IPOs) in the city for one year for failures as a sponsor of three IPOs.
China’s customs authority has lifted their suspension on imports of Tesla’s Model 3 after the U.S. electric car maker made the necessary rectifications, two sources familiar with the matter said on Thursday.
Audi the premium brand owned by Volkswagen said it expects to deliver an operating return on sales between 7 percent and 8.5 percent, below its long-term target, as costs for developing electric cars weigh on profits.
Novartis’s generics chief is quitting after the Swiss drugmaker sold parts of the business and initiated an 18-month revamp, fueling speculation about an eventual spin-off or sale.
Two black boxes from the Boeing 737 MAX airplane that crashed in Ethiopia arrived on Thursday in Paris for expert analysis, officials said, as regulators around the world awaited word on whether it was safe to resume flying the jets.
Japan’s transport ministry on Thursday said it had banned flights by Boeing Co’s 737 MAX 8 and 9 aircraft from its airspace, the latest country to do so following the Ethiopian Airlines plane crash that killed 157 people.
Garuda Indonesia’s chief executive said on Thursday there is a “possibility” the airline will cancel its orders of Boeing Co’s 737 MAXs, with the final decision depending on what the U.S. Federal Aviation Administration (FAA) does.
The black boxes from the crashed Ethiopian Airlines Boeing 737 MAX 8 arrived in Paris on Thursday but are not yet in the possession of France’s BEA air accident investigation agency, a BEA spokesman said.
Two black boxes from the Boeing 737 MAX airplane that crashed in Ethiopia were being taken to Paris for investigation, Ethiopian Airlines said, as regulators around the world awaited word on whether it was safe to resume flying the jets.
Asian shares stumbled on Thursday after Chinese data signaled further weakness in the world’s second-biggest economy while the pound eased off nine-month highs ahead of another Brexit vote.
Malaysia’s securities commission said on Thursday that it has issued a show-cause letter to Goldman Sachs, which is embroiled in multi-jurisdictional investigations into Malaysian state fund 1Malaysia Development Berhad (1MDB).
Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit.
Lufthansa forecast stable margins and revenue growth in the mid-single digits this year as it eyes cautious expansion in the busy summer months, minds costs and targets break even at its budget airline Eurowings.
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