23 April 2017

Industrials and Utilities

  • Tesla said less than 5 percent of the vehicles being recalled may be affected. Photo: HKEJ

    Tesla to recall 53,000 cars over parking brake issue

    Apr 21, 2017 9:05am
    Tesla Inc. said it will recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue. Shares of the US luxury electric car maker were down nearly 1 percent at...
  • Visitors view the AeroMobil flying car at the Top Marques Monaco supercar show in Monaco on Thursday. Photo: Reuters

    Flying car costing more than US$1 million unveiled in Monaco

    Apr 21, 2017 8:54am
    A Slovakia-based company unveiled the commercial design for a flying car priced at more than US$1 million, saying it was ready for pre-orders with first deliveries expected by 2020, Reuters reports. AeroMobil said on Thursday its...
  • Malaysia Airlines is expected to start using the global aircraft tracking system next year. Photo: Reuters

    Malaysia Air to use satellite-based aircraft tracking system

    Apr 19, 2017 10:04am
    Malaysia Airlines, which lost a wide-body jet with 239 people aboard as it was flying over the Indian Ocean in 2014, has become the first airline to sign an agreement for space-based flight tracking of its...
  • Despite posting a net loss for 2016, Cathay Pacific remains financially healthy as it reported net operating cash inflow of over HK$6 billion for the year. Photo: YouTube

    Why Cathay is worth a bet for those patient enough

    - Apr 18, 2017 4:38pm
    Soured fuel hedging bets and the reported losses for 2016 have contributed to weak sentiment on Cathay Pacific Airways (00293.HK), but investors may be overlooking some of the encouraging trends going on that could lead to...
  • United's shares rose after reporting better than expected quarterly earnings. Photo: AFP

    United accused of booting out couple traveling to wedding

    Apr 18, 2017 8:10am
    An engaged couple were removed from a United Airlines flight to Costa Rica, as the airline remained under scrutiny following outrage caused by a video last week of a passenger being forcibly removed from a flight....
  • Despite public outcry against United Airlines for dragging an Asian passenger (inset) off a plane due to overbooking, the airline is unlikely to change its policy. Photo: Reuters

    How United Airlines makes more money by offering poorer service

    - Apr 13, 2017 11:43am
    United Airlines is suffering from a public relations crisis after an online video showing a passenger being violently dragged off a plane went viral. The Asian passenger with a bloody face in the viral video has...
  • Ivan Chu will become chairman of John Swire & Sons (China) Limited, the parent of Cathay's largest shareholder Swire Pacific. Photo: Bloomberg

    Cathay Pacific CEO to step down after first loss since 2008

    Apr 13, 2017 9:12am
    Cathay Pacific Airways Ltd. said Ivan Chu will step down as chief executive on May 1, and will be replaced by Rupert Hogg, the airline’s chief operating officer, as part of a wider reshuffle of its top...
  • Nearly 1,000 local policemen have been dispatched to Shanshui Cement’s Jinan office to quell the hostilities. Photo: WeChat

    How Shanshui Cement got mired in violent ownership tussle

    - Apr 12, 2017 11:39am
    China Shanshui Cement Group (00691.HK) is embroiled in a hostile struggle for control of a key operating unit with the contending parties said to have used sticks, axes, pepper spray, smoke bombs and water guns against each...
  • A Tesla Model S charges at a Tesla Supercharger station in California. Tesla now has a market capitalization of  US$50.887 billion. Photo: Reuters

    Tesla becomes most valuable US carmaker, edges out GM

    Apr 11, 2017 8:19am
    Tesla Inc. on Monday became the most valuable US carmaker, hitting a market capitalization of US$50.887 billion and edging past General Motors which produces many more cars, Reuters reports. Helped by an analyst’s recommendation, the luxury...
  • United Photovoltaics inked a preliminary pact with UNDP in September 2016 to jointly build so-called Panda Solar Power Plants. Photo:

    United PV rides China’s Belt and Road push

    - Apr 10, 2017 4:35pm
    Numerous companies related to China’s Belt and Road initiative posted improved results for 2016. This has, in turn, helped spark renewed interest in the economic plan heavily promoted by Beijing. Among the entities associated with the...
  • For areas near big cities to develop their local  economies, ease of commute is of primary importance. Photo: China Daily

    Why transport construction plays look promising

    - Apr 7, 2017 4:48pm
    China’s first-tier cities are always attractive for migrant workers because of the job opportunities they offer. However, the large population of mega cities has put enormous pressure on public transport, housing, environment and public services, and...
  • The Vogtle Unit 3 and 4 site, being constructed by primary contactor Westinghouse, a unit of Toshiba, near Waynesboro, Georgia, is seen this file picture. Photo: Reuters

    US, Japan in talks to prevent China from acquiring Westinghouse

    Apr 7, 2017 8:10am
    The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp.’s US unit Westinghouse Electric Co. does not lead to US technology secrets and infrastructure falling into Chinese hands,...
  • Daimler said the autonomous system will be ready by the beginning of next decade. Photo: Bloomberg

    Daimler, Bosch team up on self-driving cars

    Apr 5, 2017 9:42am
    Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis”. The pact between the world’s largest maker of premium cars and the...
  • China seeks to use Syngenta's portfolio of top-tier chemicals and patent-protected seeds to improve domestic agricultural output. Photo: AFP

    ChemChina wins US regulatory nod for US$43 bln Syngenta deal

    Apr 5, 2017 7:59am
    China National Chemical Corp. (ChemChina) has won US antitrust approval to buy Switzerland’s Syngenta AG for US$43 billion on condition that it divest three products, the Federal Trade Commission said. The deal, announced in February 2016,...
  • The cherry-red Ferrari F430 was finally sold for  US$270,000 after it left the auction block in Florida on Saturday. Photo: AFP

    Donald Trump’s Ferrari underperforms at Florida auction

    Apr 3, 2017 8:42am
    A 2007 Ferrari F430 F1 Coupe once owned by US President Donald Trump fell short of its low estimate when it left the auction block in Florida over the weekend. Bidding on the car stopped at...
  • People visit a Tesla Model S car at an auto show. Tesla expects to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of the year. Photo: Reuters

    Tesla global sales surge 69% to 25,000 in first quarter

    Apr 3, 2017 8:18am
    Tesla Inc., the US luxury electric car maker, said first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, recovering from delays in the previous quarter, Reuters reports. About...
  • Ford is setting up a new R&D facility for internet-connect vehicles, with the workforce to comprise many engineers from BlackBerry. Photo: Bloomberg

    Ford hires BlackBerry engineers for research on connected cars

    Mar 31, 2017 9:03am
    Ford Motor Co. is hiring 400 engineers from BlackBerry’s mobility solutions unit to help develop internet-connected vehicles, the Wall Street Journal reports. About 100 of the BlackBerry staff will come from the firm’s office in Florida...
  • A file photo shows a nuclear reactor being constructed by Westinghouse near Waynesboro, Georgia, in the United States. Credit: Reuters

    Toshiba unit Westinghouse files for bankruptcy protection

    Mar 30, 2017 8:47am
    Japan’s Toshiba Corp. announced that its US nuclear power unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection following huge losses and a huge debt burden. The company filed the petition in the US...
  • Kuwait Oil Minister Ali Al-Omair opens the OPEC second Joint Ministerial Monitoring Committee meeting in Kuwait. Photo: Reuters

    OPEC, non-OPEC weigh 6-month extension of oil output cut

    Mar 27, 2017 8:08am
    A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, Reuters reports, citing a statement. An earlier draft...
  • Chery said it has been using the name "eQ" for its two-door battery electric car over the past two years. Photo: Reuters

    China’s Chery files trademark complaint against Mercedes-Benz

    Mar 24, 2017 8:26am
    Chinese automaker Chery Automobile Co. Ltd. has filed a complaint with the country’s trademark regulator over Mercedes-Benz’s use of the “EQ” name for a line of green-energy vehicles. The move could pose a potential road block...

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