plan
Sumitomo to bolster shareholder returns in new mid-term plan
Japanese trading firm Sumitomo said it will buy back its stock and adopt a progressive dividend policy, bringing it in line with the other four major peers in an...
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City
THE UK’s Financial Conduct Authority (FCA), the principal financial services watchdog, has got itself in a spot of bother over proposals to “name and shame” financial services firms at the...
Fading bets of early RBA cuts frustrate Albanese reelection plan
AUSTRALIAN Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate relief, raising the prospect of further financial stress for...
Tesla’s plan for affordable cars takes page from Detroit rivals
ELON Musk’s new plan to use current product lines as the basis for new affordable vehicles – rather than springing for all-new models – follows the playbook of Tesla’s...
Tesla profits tumble but shares rise on new vehicle plan
TESLA reported a big drop in quarterly profits on Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for...
Volkswagen to face investors sceptical of China turnaround plan
VOLKSWAGEN (VW) faces an uphill battle to convince investors it can turn around its business in China.After being leapfrogged by China’s BYD as the nation’s top carmaker, Volkswagen said...
China approves BNP Paribas plan for fully-owned securities brokerage unit
BNP Paribas has received approval from the Chinese securities watchdog to set up a wholly-owned securities brokerage arm in China, the latest foreign financial firm making inroads into the...
GIP said to halt plan to buy stake in Malaysian ports operator
GLOBAL Infrastructure Partners (GIP) has shelved plans to buy up to 49 per cent of Malaysia’s biggest port operator from a local tycoon on valuation concerns, according to people...
