09262016Mon
Last update: Mon, 26 Sep 2016 03am

Business & Finance - Industries & Sectors

Motorcycle maker Yamaha to launch small cars in Europe TOKYO: Japanese motorcycle giant Yamaha will join the four-wheel market by launching small cars in Europe as early as 2019 to meet rising demand for energy-efficient vehicles, a company official said Friday.The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show.Yamaha is planning to build car plants in Europe to sell them in the region before 2020, the company spokesman said, without elaborating."As small cars are already prevalent in Europe, our first car launch will be (there)," he said."But we are also studying opportunities in emerging countries" as well, he added.His comments were in response to an interview with company chief Hiroyuki Yanagi that appeared in the leading Nikkei business daily, in which he said Yamaha will supply its own engines for the new European market cars, while outsourcing some other parts production.While ...


Business & Finance - Industries & Sectors

Australia, Thales deal on 'world first' air traffic control SYDNEY: Australia on Friday said it will partner with French industrial giant Thales to develop a "world first" joint civilian-military air traffic control system that could help track MH370-type incidents.The "OneSky" system will replace Australia's current civilian system which dates from the late 1990s and was also developed by Thales, the government said."This programme will make Australia the first country in the world to commission an integrated joint civil-military air traffic management system," Defence Minister ...

Business & Finance - Managed Funds

Bond prices dip on higher Jan core CPI, weak 7-year auction NEW YORK: US Treasuries prices fell on Thursday after an increase in core U.S. consumer prices in January pointed to marginally less dovish Federal Reserve policy and as an auction of seven-year notes met with soft demand.Core CPI, which strips out food and energy costs, rose 0.2 percent in January after edging up 0.1 percent in December. Traders focused on the increase even as the headline figure showed U.S. consumer prices posted their biggest drop ...

Business & Finance - Banking & Finance

Fed's Williams sees first rate rise in summer or fall SAN FRANCISCO: The Federal Reserve will probably start raising rates "sometime this summer, or this fall" if the economic data come in as expected, a top Fed official said on Thursday.San Francisco Fed President John Williams, in an interview on Fox Business Network, said he expects the United States to reach full employment by the end of this year and inflation to reach 2 percent by the end of next year.The Fed will need to ...

Business & Finance - Managed Funds

Bond prices dip on stronger January core CPI, incoming supply NEW YORK: US Treasuries prices edged lower on Thursday after stronger aspects of U.S. consumer price data failed to bolster the case for dovish Federal Reserve policy and incoming supply weighed on prices.U.S. consumer prices posted their biggest drop since 2008 in January as gasoline prices continued to tumble, falling 0.7 percent. Core CPI, which strips out food and energy costs, rose 0.2 percent in January, however, after edging up 0.1 percent in December.Analysts said ...

Business & Finance - Banking & Finance

RBS shrinks investment bank, posts $5.4bn loss LONDON: Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.RBS is seven years into an unprecedented corporate diet, shedding more than 1 trillion pounds ($1.54 trillion) in assets as it retreats from the acquisitions that once made it the largest bank in the world and an enormous financial burden for ...

Business & Finance - Banking & Finance

Apple to hold event on March 9, as Watch launch nears SAN FRANCISCO: Apple Inc sent out invitations for a media event in San Francisco on March 9, about one month before the much-anticipated launch of the new Apple Watch.The world's largest technology company did not specify what the event will be about in the invitation which reads simply "Spring Forward," a word play on the resetting of watches for daylight saving time.Chief Executive Tim Cook said last month that the company plans to launch the ...