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Markets

BMW achieves record 2019 sales, looks to 2020 with confidence

German carmaker BMW achieved record sales of 2.5 million vehicles in 2019, sales chief Pieter Nota said on Wednesday, adding that he was upbeat about the company's prospects in 2020.

Markets

CITIC to sell 22% stake in McDonald’s China business to PE arm: Sources

CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22per cent stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm.

Markets

Construction demand hit 5-year high in 2019; to remain strong in 2020, medium term

SINGAPORE: Despite the economic headwind and global uncertainties, construction demand in Singapore is expected to remain strong this year, said Minister for State for National Development and Manpower Zaqy Mohamad on Wednesday (Jan 8). This follows a record year for the construction sector ...

Markets

CITIC to sell 22per cent stake in McDonald’s China business to PE arm: sources

CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22per cent stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm.

Markets

Finablr sees no financial hit after Sodinokibi ransomware crippled Travelex systems

Finablr Plc said on Wednesday it did not expect a material financial impact after its foreign exchange firm Travelex was hit by a ransomware known as Sodinokibi that forced it to take its systems offline at the end of December.

Markets

Ghosn lawyers in Japan refuse to comply with seizure warrant

Lawyers for former Nissan chief Carlos Ghosn on Wednesday refused to turn over a computer used by the auto tycoon before he jumped bail and fled the country last month.

Markets

Saudi Aramco hits new low on US-Iran tensions

Shares of Saudi Aramco opened at 34 riyals (US$9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on U.S. targets in Iraq.

Markets

‘Shot across the bow’: US increases pressure on Britain ahead of key Huawei decision

The United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, amid threats to cut intelligence-sharing ties, people with knowledge of the matter told Reuters.

Markets

‘Shot across the bow’: US increases pressure on UK ahead of key Huawei decision

The United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, amid threats to cut intelligence-sharing ties, people with knowledge of the matter told Reuters.

Markets

Futures slip as Iran’s attack on US forces heighten Middle East tensions

U.S. stock index futures fell on Wednesday as Iran fired missiles at U.S.-led forces in Iraq in retaliation to the killing of a top Iranian commander last week, sparking fears of a wider war in the Middle East.

Markets

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