Recent Posts

Toyota bets $1.1bn on SUVs in Canada with Trudeau help

Bloomberg Toyota Motor Corp. is investing C$1.4 billion ($1.1 billion) in its Canadian operations to build traditional and hybrid RAV4 sport utility vehicles, banking on the nation’s manufacturing sector amid a cloud of uncertainty from Nafta talks. The Japanese automaker’s Canadian unit made the announcement at its plant in Cambridge, Ontario, alongside Prime Minister Justin Trudeau and Ontario Premier Kathleen ...

Read More »

Shares gift to family helps wipe $2.6 billion off PC Jeweller value

Bloomberg An Indian jeweller that saw its market worth reach $3.6 billion at the start of the year is now floundering at about a quarter of that value after one of its founders gifted some shares to family members, raising concern about the company’s governance. PC Jeweller Ltd. slumped about 40 percent in the past week after the company said ...

Read More »

Ant Financial profit up 65% ahead of ‘IPO’

Bloomberg Ant Financial, the Chinese online finance behemoth that’s expected to seek an initial public offering, posted a 65 percent jump in profit in fiscal 2018 as it expanded its footprint in wealth management, consumer lending and overseas markets. The company controlled by Alibaba Group Holding Ltd.’s billionaire co-founder Jack Ma posted $1.4 billion in pretax profit in the year ...

Read More »
Send this to a friend