15 November 2019

Industrials and Utilities

  • As static supply meets growing demand for fresh water, inevitable water shortages cannot be expected to fix themselves. Photo: Reuters

    Investing in sustainable water solutions for the future

    - Nov 15, 2019 3:06pm
    The water investment theme offers an opportunity for an active investment approach due to the diversity of the underlying players, and an immunity to political and sentiment-driven volatility given the value of water as a social...
  • Boeing has tweaked its production strategy in relation to the fuselage sections for the 777 jetliners. Photo: Reuters

    Boeing brings back humans after 777 assembly automation issues

    Nov 15, 2019 9:38am
    Boeing has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, Reuters reports. The company began to...
  • Chinese authorities are preparing to a launch a new round of inspections on facilities involved in production of hazardous chemicals. Photo: Bloomberg

    China to launch new safety crackdown on chemical industry

    Nov 14, 2019 10:20am
    China has unveiled plans for a nationwide safety crackdown on its chemical industry following an investigation into a deadly factory blast that killed 78 people and injured dozens more in March, Reuters reports. The explosion, at...
  • Cathay Pacific expects second-half profit to be “significantly below” the first half’s HK$1.347 billion (US$172.04 million). Photo: Bloomberg

    Cathay Pacific cuts profit guidance again amid protests

    Nov 13, 2019 5:35pm
    Cathay Pacific Airways Ltd. (00293.HK) on Wednesday said the short-term outlook remained “challenging and uncertain” due to anti-government protests in its home market as it lowered its profit guidance for the second time in less than...
  • Slowing economic growth suggests a dim outlook for housing starts. Photo: Reuters

    Don’t be overly excited about cement plays

    - Nov 13, 2019 8:00am
    Hong Kong has dipped into recession but the housing market remains firm; this is probably one of the biggest anomalies in the market. Similarly in China, though economic growth is slowing, the real estate climate index compiled...
  • Boeing expects to receive approval for ungrounding of its 737 MAX aircraft next month, paving way for resumption of commercial flights. Photo: Reuters

    Boeing expects 737 MAX to resume commercial flights in Jan

    Nov 12, 2019 8:50am
    Boeing said on Monday that it expects US regulators to approve the return to commercial service of the grounded 737 MAX jet in the coming weeks, Reuters reports. The company believes the US Federal Aviation Administration...
  • A deal to buy British Steel is estimated to be worth 70 million pounds (US$90 million). Photo: Reuters

    China’s Jingye Group in talks to buy British Steel

    Nov 11, 2019 4:11pm
    China’s Jingye Group said on Monday it is in talks to buy British Steel in a deal estimated to be worth about 70 million pounds (US$90 million) that could help protect thousands of British jobs and...
  • Siemens CEO Joe Kaeser: "When a pot smoking colleague in the United States talks about Peterchen’s moon ride, he is an admired visionary.” Photo: Bloomberg

    Siemens CEO derides ‘pot smoker’ after deputy praises Musk

    Nov 11, 2019 7:54am
    Siemens chief executive Joe Kaeser lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. “Amusing opinions in...
  • Bankers think the long-awaited IPO will value Aramco around US$1.5 trillion. Photo: Reuters

    Aramco prospectus flags risks, gives few details on IPO size

    Nov 11, 2019 7:45am
    Saudi state oil giant Aramco will sell up to 0.5 percent of its shares to individual retail investors and will be restricted from issuing additional shares for a year after the initial public offering, Reuters reports,...
  • Maxim's Caterers and Cathay Pacific reel from the impact of the ongoing unrest in Hong Kong. Photo: Bloomberg/AFP

    HK turmoil takes its toll on Jardine and Swire

    - Nov 8, 2019 11:19am
    At least two of Hong Kong’s leading conglomerates are reeling from the impact of the raging political conflagration that broke out five months ago. There’s Jardine Matheson’s Dairy Farm International, which has a 50 percent stake...
  • Being a coastal city, Hong Kong has the potential for building large-scale offshore wind farms. Photo: Bloomberg

    Time for Hong Kong to develop offshore wind energy farms

    - Nov 7, 2019 2:09pm
    According to a report recently published by an environmental group, our city’s score in environmental protection efforts is below average. In particular, Hong Kong is lagging far behind its counterparts when it comes to the development...
  • The Uber vehicle had failed to properly identify the woman as a pedestrian crossing a street, the NTSB said. Photo: Bloomberg

    US agency probing fatal crash says Uber software had flaws

    Nov 6, 2019 9:53am
    An Uber self-driving test vehicle that struck and killed an Arizona woman in 2018 had software flaws, the US National Transportation Safety Board said as it disclosed the company’s autonomous test vehicles were involved in 37...
  • Lyft has seen its stock lose about 40 percent of its value since the company’s initial public offering in March. Photo: AFP

    Rakuten sees US$947 million loss from Lyft investment in Q3

    Nov 5, 2019 2:26pm
    Japan’s Rakuten Inc. said on Tuesday it expects to take a 103 billion yen (US$947 million) loss in the latest quarter on its investment in US ride-hailing firm Lyft Inc., Reuters reports. The e-retailer, whose billionaire...
  • Gojek and other motorcycle-hailing firms will start operating based on a proof-of-concept basis to measure demand for the service over six months. Photo: Reuters

    Gojek, other bike-hailing firms to start test runs in Malaysia

    Nov 5, 2019 9:37am
    Malaysia will allow motorcycle-hailing firms such as Indonesia’s Gojek and local startup Dego Ride to start operations on a limited scale from January 2020, Reuters reports, citing the country’s transport minister.  Gojek – whose backers include...
  • Uber promised to be profitable by the end of 2021 as quarterly revenue beat expectations. Photo: Bloomberg

    Uber shares plunge after loss widens on rising costs

    Nov 5, 2019 8:39am
    Uber Technologies Inc. posted a wider third-quarter loss as costs soared at the ride-hailing company, sending its shares down 4.4 percent in after-hours trading, Reuters reports. But the company promised it would be profitable by the...
  • Industry will have to participate in the German government’s effort to speed up shift to low-emission vehicles, Angela Merkel says. Photo: Reuters

    Germany aims for 1 mln electric car charging points by 2030

    Nov 4, 2019 9:37am
    Germany should have one million charging stations for electric cars by 2030, Chancellor Angela Merkel said in a video message on Sunday, ahead of meetings on Monday with the car industry on how to speed the...
  • Aramco chairman Yasser al-Rumayyan speaks at a news conference in Dhahran on Sunday to announce the start of the Saudi state oil giant’s IPO process. Photo: Reuters

    Saudi Aramco launches what could be world’s biggest IPO

    Nov 4, 2019 9:13am
    Saudi Aramco kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing, Reuters reports. The Saudi state oil giant, the world’s...
  • New export orders for Chinese manufacturers bounced back into expansionary territory for the first time in five months despite the US-China trade war. Photo: Bloomberg

    China factory activity expanded in October: Caixin PMI

    Nov 1, 2019 9:24am
    China’s factory activity unexpectedly expanded at the fastest pace in well over two years in October as new export orders rose and plants ramped up production, a private business survey showed on Friday. The Caixin/Markit Manufacturing...
  • A merger deal will help FCA get access to PSA’s more modern vehicle platforms, helping it to meet tough new emissions rules. Photo: Reuters

    Fiat Chrysler, PSA agree merger to create world’s No. 4 carmaker

    Oct 31, 2019 7:11pm
    Fiat Chrysler Automobiles (FCA) and Peugeot owner Groupe PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, Reuters reports. The companies were quoted as saying on Thursday that they...
  • Tesla said US sales plunged 39 percent in the third quarter, after rising 55 percent in the three months to June. Photo: AFP

    Tesla sales tumble in US, surge in China, other regions

    Oct 30, 2019 9:26am
    Tesla Inc.’s third-quarter revenue tumbled 39 percent in the United States, its first drop in more than two years, but sales in China and other regions surged, Reuters reports. US sales, which account for the biggest...