Sources
Syngenta to withdraw China IPO application on weak market: sources
SYNGENTA Group is planning to withdraw its application for a stock-market listing in Shanghai, according to people familiar with the matter.The Chinese-owned seed and pesticide giant may announce the...
Chinese EV maker BYD targets 20% jump in annual sales: sources
CHINESE electric vehicle maker BYD has set a 3.6-million-unit sales target for 2024, a jump of 20 per cent from its record-breaking sales last year, according to three people...
Citi lays off 10 research staff in Asia-Pacific as part of global revamp: sources
CITIGROUP has laid off at least 10 people in its equities research department in Asia-Pacific this week, two sources with knowledge of the matter said, as the bank pushes...
Phillips 66 explores sale of pipeline stake worth over US$1 billion: sources
US OIL refiner Phillips 66 is exploring a sale of its 25 per cent stake in the Rockies Express Pipeline that it hopes could be worth more than US$1 billion,...
Bosch, Lennox, Samsung vie for Johnson Controls HVAC assets, sources say
ROBERT Bosch GmbH, Lennox International and Samsung Electronics are among the suitors competing to acquire heating and ventilation businesses worth over US$6 billion from Johnson Controls International, people familiar...
UK’s Legal & General shelves China business licence plan, cuts headcount: sources
BRITISH insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a...
China’s state banks step in to arrest yuan slide after key level breached, sources say
CHINA’S major state-owned banks were seen selling dollars on Friday, two people with knowledge of the matter said, in an attempt to arrest weakness in the yuan after it...
Boeing chair to meet key airline customers without planemaker’s CEO, sources say
MAJOR airline chiefs plan to hold discussions with Boeing board chair Larry Kellner in meetings that will not include CEO David Calhoun after raising concerns over an Alaska Airlines...
