Business News

Institutional investors turn their backs on Australian banks

SYDNEY (Reuters) - Investors are turning against Australia’s big banks as earnings tumble, growth plans are abandoned, and fee income cut in the fallout from a powerful financial sector misconduct inquiry and more challenging economic conditions. More than 31 growth-oriented institutional funds, which have long relied on the banks to deliver strong and predictable earnings, have closed their positions this year. A...

21 Oct 11:34 PM 0 Read More...

Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: sources

MILAN/LONDON (Reuters) - Fiat Chrysler (FCA) has agreed to sell its Magneti Marelli unit to KKR’s Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday. The sale is the first big decision for newly minted FCA Chief Executive Mike Manley, who took over in July when long-time boss Sergio Marchionne fell ill and later died after succumbing to complications ...

21 Oct 11:34 PM 0 Read More...

Bombardier sues Mitsubishi jet program over trade secrets

(Reuters) - Canadian airplane maker Bombardier Inc (BBDb.TO) has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd (7011.T), saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. Bombardier filed the lawsuit late Friday in a federal court in Seattle against Mitsubishi Aircraft Corporation, Seattle-based Aerospace Testing Engineering &...

21 Oct 6:29 PM 0 Read More...

MUFG says bank’s CEO will not attend Saudi conference

TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. A spokesman for the Japanese company said that MUFG Bank Deputy President Eiichi Yoshikawa will attend the Saudi e...

21 Oct 3:24 PM 0 Read More...

MUFG says bank's CEO will not attend Saudi conference

TOKYO (Reuters) - The CEO of Mitsubishi UFJ Financial Group’s banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. A spokesman for the Japanese company said that MUFG Bank Deputy President Eiichi Yoshikawa will attend the Saudi event in p...

21 Oct 1:29 PM 0 Read More...

China says must balance stable growth and risk prevention

BEIJING (Reuters) - China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers. Data released on Friday showed the world’s second largest economy growing at its weakest pace since the global financial crisis, underscoring challenges for...

21 Oct 1:29 PM 0 Read More...

10/22/2018 – FACES PLACES

21 Oct, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 10/22/2018 – FACES PLACEShttp://rifleareachamber.chambermaster.com/events/details/faces-places-9060http://rifleareachamber.chambermaster.com/Feed/rss/UpcomingEvents.rssTOP 10 Communit...

21 Oct 10:21 AM 0 Read More...

10/25/2018 – Teen Night

21 Oct, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. Teen Night is held the fourth Thursday of the month at the Stone House. All teens are invited to come createon their own or with instructor.  Supplies included. Source Articl...

21 Oct 10:20 AM 0 Read More...

10/27/2018 – Craft and Hobby Loving Fellowship Group

21 Oct, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 10/27/2018 – Craft and Hobby Loving Fellowship Grouphttp://rifleareachamber.chambermaster.com/events/details/craft-and-hobby-loving-fellowship-group-9011-9011http://rifleareachamber.c...

21 Oct 10:20 AM 0 Read More...

10/27/2018 – The Play-Ground Theatre’s Halloween show

21 Oct, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 10/27/2018 – The Play-Ground Theatre’s Halloween showhttp://rifleareachamber.chambermaster.com/events/details/the-play-ground-theatre-s-halloween-show-9061http://rifleareachamber.ch...

21 Oct 10:20 AM 0 Read More...