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Boeing hones US$15 billion financing plan to weather crises: sources
BOEING is closing in on a plan to raise around US$15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a...
Jamie Dimon charts JPMorgan expansion plan into Africa
JPMORGAN Chase, the largest US lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters.
International markets are a...
Local farms push ahead with international collaborations to further Singapore’s 30 by 30 plan
WEBSTER Tham, co-founder of local agri-technology company Tomato Town, is looking to harvest Japanese cherry tomatoes and heirloom varieties of tomatoes through a collaboration with a Japanese company that...
Judge approves Fisker bankruptcy plan favored by car owners
Fisker Inc. will wind down operations under a bankruptcy plan approved Friday that should allow car owners to drive their cars for years — while not paying anything to...
HSBC mulls cost-cutting plan of up to US$300 million, targeting top ranks: report
HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to US$300 million by reducing top management layers, the Financial Times (FT) reported on Thursday (Oct 10).The...
China’s Chery delays plan to build EVs in Spain on EU tariffs
CHERY Automobile has pushed back a goal to bring electric-vehicle (EV) production to Europe by a year, after the European Union (EU) imposed provisional tariffs on EV imports from...
Fed’s relaxed bank-capital plan faces bipartisan FDIC pushback
A PLAN to dial back US regulators’ landmark bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp (FDIC).At least three of five FDIC...
Bank of England hold rates, extends bond reduction plan
THE Bank of England held interest rates at 5 per cent on Thursday (Sep 19) and voted to run down its stock of British government bonds by another £100...