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SAN FRANCISCO/HONG KONG: Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.
MONTERREY: Lorenzo Zambrano, one of Mexico's best-known businessmen who turned Cemex into a global cement giant but also nearly brought the company crashing down, died on Monday aged 70.
NEW YORK: A jury began deliberations on Thursday in the trial of Texas tycoon Samuel Wyly and his late brother, Charles Wyly, whom the U.S. Securities and Exchange Commission accuses of engaging in a US$550 million civil fraud.
DETROIT: General Motors Co (GM) has ordered Cadillac dealers to stop selling some versions of the CTS model range because the automaker does not have a fix yet for cars recalled in late June over an issue where engines can be shut off if the driver’s knee bumps the ignition key, the company said.
WHEN local national car companies seek grants from the Government, the common justification is that South Korean car manufacturers, who are now among the top-five largest players in the world, also get assistance from the Government.
Loss-making MAS has been in dire straits even before the recent crashes. Many have concluded that a turnaround to profitability is almost impossible in the immediate future. It is now about moving forward for a sustainable business model. The corporate future of MAS seems to be attracting a flurry of speculation and opinions.
SINGAPORE: Gold steadied above the US$1,300 an ounce support level on Monday, aided by anticipation of increased geopolitical risks as the United States began demanding answers from Russia after a Malaysian plane was downed in eastern Ukraine.