Finance leaders in companies are reviewing their capital investments for the current year with interest rates continuing to rise and the global demand environment looking increasingly uncertain. Last week, the Reserve Bank of India (RBI) hiked repo rates by another 50 basis points, taking them to 5.9%. Rates have been raised by 190 basis points… Continue reading CFOs review capex plans amid global growth worries, rising interest rates
Category: Automotive
@Subaru: Subaru Corporation announces changes in organizational structure and executive officer’s area of responsibility (Effective October 1, 2022)000166
October 3, 2022 Tokyo, October 3, 2022 – Subaru Corporation has announced the following changes in its organizational structure and executive officer’s area of responsibility which took effect on October 1, 2022. 1. Organizational change Manufacturing Div. Effective October 1, 2022 Former TPM Promotion Office (Newly established) — – TPM: Total Productive Maintenance – The function of… Continue reading @Subaru: Subaru Corporation announces changes in organizational structure and executive officer’s area of responsibility (Effective October 1, 2022)000166
Investors are learning to love industry again
A range of factors is driving a resurgence of interest in manufacturing Go to Source
SingTel-owned Australian telecom major Optus says ‘deeply sorry’ for cyberattackThe company has offered support to customers whose data has been breac…
Australia’s second-largest telcoms firm Optus, owned by Singapore Telecommunications, on Saturday ran a full-page apology in major newspapers for a “devastating” cyberattack 10 days ago and pointed affected customers to a new help site. “We’re deeply sorry that a cyberattack has happened on our watch,” the company said in the notice. “We know this is devastating… Continue reading SingTel-owned Australian telecom major Optus says ‘deeply sorry’ for cyberattackThe company has offered support to customers whose data has been breac…
DuPont’s $5.2b Rogers buyout deal faces Chinese regulatory hurdle
Chemicals maker DuPont De Nemours Inc has received all regulatory approvals for its $5.2 billion buyout of Rogers Corp except from China, the companies said on Friday. DuPont‘s all-cash takeover of the engineering materials maker would be its biggest deal since splitting from DowDuPont in 2019. DuPont and Rogers said they were continuing discussions with the State Administration for… Continue reading DuPont’s $5.2b Rogers buyout deal faces Chinese regulatory hurdle
Global hedge fund launches plunge, liquidations rise amid turmoil
New hedge fund launches dove in the second quarter to the lowest level since the 2008 global financial crisis, while fund liquidations spiked, industry data provider HFR said on Friday. There were 80 hedge fund launches between April and June, down 57% from the first quarter and the lowest number of new funds since the fourth quarter of 2008, when 56 funds were launched, according to HFR.… Continue reading Global hedge fund launches plunge, liquidations rise amid turmoil
Toshiba says it received multiple in-depth proposals in 2nd round
Toshiba Corp said on Friday it had received multiple in-depth written indications of interest from potential partners in a second bidding round for strategic alternatives. The written indications of interest included some that were legally binding and they varied in their degree of completeness, the Japanese conglomerate said in a statement. Toshiba would engage with the bidders… Continue reading Toshiba says it received multiple in-depth proposals in 2nd round
ABB sells joint venture stake worth $1.7b back to Hitachi
ABB will sell back to Hitachi its remaining 19.9% stake, worth $1.679 billion, in the Hitachi Energy joint venture, the Swiss engineering group said on Friday. Hitachi exercised its option to buy the stake in the venture formed from ABB‘s Power Grids business in 2020. “ABB does not expect to record any significant gain or loss as a result of the… Continue reading ABB sells joint venture stake worth $1.7b back to Hitachi
@Nissan: 2022/10/03 Nissan announces senior management changes Nissan Motor Co., Ltd. today …000856
2022/10/03 YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced that Tsuyoshi Tatsumi has been appointed to an advisor position reporting to Takashi Hata, senior vice president and chairperson of Management Committee for Affiliate Companies effective October 1st 2022. With this position change he will no longer be a corporate officer in Nissan. Until a… Continue reading @Nissan: 2022/10/03 Nissan announces senior management changes Nissan Motor Co., Ltd. today …000856
Cleantechnica: Revenge Of The ICE Car In Italy As Plug-Ins Down To 7% In August 002285
Originally published on opportunity:energy. There is no sign of relief for the ongoing EV crisis in Europe’s fourth largest auto market. As the rest of the continent continues to enjoy an increasing share of plug-in vehicles across all major countries, Italy is showing a worrying pullback, whose causes — as ever — are also political.… Continue reading Cleantechnica: Revenge Of The ICE Car In Italy As Plug-Ins Down To 7% In August 002285