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Battling slowing sales, insurer AIA hires new CEO from rival Ping An

Asia-focussed insurer AIA Group Ltd on Friday named a senior executive at Chinese rival Ping An Insurance Group Co as its chief executive officer to replace company veteran Ng Keng Hooi.



5 years ago

KKR reaches halfway in $3 billion Asia infrastructure fundraising: source

Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. KKR began to target Asia's infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.



5 years ago

China's Xi: Should strengthen communication with U.S. to avoid misjudgment - Xinhua

Chinese President Xi Jinping said on Friday that Beijing and Washington should strengthen communication on strategic issues in order to avoid misjudgment and misunderstanding, China's official Xinhua News Agency reported.



5 years ago

South African Airways signs wage deal with non-striking union

South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April.



5 years ago

Tesla's electric pickup breaks the mould with angular design and armored glass

Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers' profits.



5 years ago

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi's executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker's executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters.



5 years ago

Stock futures edge higher as China fuels trade deal optimism

U.S. stock index futures rose on Friday as latest comments from China lifted hopes of a trade deal after conflicting headlines this week knocked Wall Street off record highs.



5 years ago

Factbox: Tesla, Detroit, Amazon-backed Rivian race to electrify pickup trucks

Tesla Inc debuted its electric pickup truck Cybertruck on Thursday, joining a list of automakers and start-ups that have been working on electrifying pickup trucks - the heart of the Detroit automakers' profits.



5 years ago

Tesla's cybertruck launch takes hit as 'shatterproof' windows crack

Tesla Inc's highly anticipated unveiling of its futuristic pickup truck suffered a setback after its "armored glass" windows shattered during a demonstration.



5 years ago

Analysts are starting to believe Uber has bottomed and is headed for a big 2020

Uber has struggled since going public in May, but some say the stock has turned a corner and is ready to surge in 2020.

5 years ago

Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more

Here are the biggest calls on Wall Street on Friday

5 years ago

Wall Street analysts say Tesla's pickup is 'really weird' and Ford can 'breathe a sigh of relief'

Wall Street analysts are all talking about Cybertruck's dramatic styling.

5 years ago

Bitcoin plummets to a six-month low on China crackdown

Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.



5 years ago

South African Airways agrees deal to end eight-day strike

South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline.



5 years ago

Uber still in the dark on London taxi license renewal, three days before expiry

Uber is waiting to find out whether its taxi license in London, one of its most important markets, will be renewed, just three days before it is due to expire in the latest stage of a long-running battle with the city's transport regulator.



5 years ago