SINGAPORE — Singapore has unveiled billions of dollars of semiconductor-related investments over the past year – but it still has far to go if it wants to match Taiwan and other chipmaking powerhouses in Asia. Although it is known in Asia as a prominent financial and technology hub, Singapore’s peers in the region dwarf it… Continue reading Singapore plays catch-up with Taiwan as chip investments soar
Category: Automotive
Martinrea International Inc. Reports Second-Quarter Results, Declares Dividend, and Reiterates Positive Long-Term Outlook
TORONTO, Aug. 10, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2021 and declared a quarterly… Continue reading Martinrea International Inc. Reports Second-Quarter Results, Declares Dividend, and Reiterates Positive Long-Term Outlook
TransDigm Response to Meggitt PLC Announcement
CLEVELAND, Aug. 11, 2021 /PRNewswire/ — This press release is being issued in response to the announcement from Meggitt PLC regarding TransDigm’s approach to Meggitt for a possible acquisition. The below press release was made in accordance with Rule 2.4 of the City Code on Takeovers and Mergers. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN… Continue reading TransDigm Response to Meggitt PLC Announcement
Rossiya Airline Begins Flights to Egyptian Resorts from Sheremetyevo
MOSCOW, Aug. 11, 2021 /PRNewswire/ — Rossiya Airline (Aeroflot Group), in partnership with the largest tour operator Biblio-Globus, has resumed scheduled flights to popular Egyptian resorts from Sheremetyevo International Airport. Flights from Moscow to Hurghada and Sharm el-Sheikh will operate five times a week – on Mondays, Wednesdays, Fridays, Saturdays and Sundays on Boeing 747 aircraft… Continue reading Rossiya Airline Begins Flights to Egyptian Resorts from Sheremetyevo
Miami Dolphins, Lexus Announce Multi-Year Partnership
“We are excited about our partnership with Lexus, a brand that has set the standard for luxury and first-class experiences throughout South Florida,” said Jeremy Walls, senior vice president, chief revenue officer of Miami Dolphins and Hard Rock Stadium. “Lexus is a legacy brand, and we look forward to engaging our shared fans and broadening… Continue reading Miami Dolphins, Lexus Announce Multi-Year Partnership
AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
AutoIMS uses an array of superheroes to promote its quarterly Industry View report. Graphic: AutoIMS With two quarters of data accumulated, AutoIMs is gaining more clarity about key industry remarketing and auction trends, according to its latest quarterly report released Aug. 9. One defining mega-trend is low vehicle volume for the foreseeable future. Among notable… Continue reading AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
Hertz said it expects to relist on a major exchange by year-end 2021. Photo via Atomic Taco/Flickr. Hertz Global Holdings announced financial results for the second quarter of 2021 on August 9. For Q2, the company generated total revenues of $1.9 billion, attributed to strong leisure travel demand and tighter fleet inventory. Adjusted corporate EBITDA was $639 million, resulting in… Continue reading Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims ’21 View
Magna International MGA reported second-quarter 2021 adjusted earnings of $1.40 per share, turning around from the loss of $1.71 incurred in the year-ago period. The bottom line, however, missed the Zacks Consensus Estimate of $1.44 per share. For the reported quarter, net sales skyrocketed 114.7% from the prior-year quarter to $9,034 million but fell short… Continue reading Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims ’21 View
Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems
GUELPH, ON, Aug. 11, 2021 /CNW/ – Linamar Corporation (TSX: LNR) today announced that it has entered into an exclusive Global Manufacturing Agreement with Netherlands based Innovative Mechatronic Systems B.V. (IMSystems) to bring the Archimedes Drive transmission system to market, a promising technology that offers a major innovation in the Industrial Robotics & Automation sector.… Continue reading Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems
Japanese shares end higher for fourth day on earnings, rising U.S. yields
TOKYO, Aug 11 (Reuters) – Japanese shares closed higher for a fourth straight session on Wednesday, helped by strong earnings from Bridgestone and other firms, while banking stocks received support from rising U.S. bond yields. The Nikkei share average climbed 0.65% to 28,070.51, its first close above 28,000 since July 16, though it could face… Continue reading Japanese shares end higher for fourth day on earnings, rising U.S. yields