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China developer Vanke buys Shenzhen Metro unit for $6.9 billion
June 19, 2016 by creative · Leave a Comment
China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purchase price came at the lower end of the 40 billion yuan to 60 billion yuan guidance under a preliminary accord in March as Vanke's management fought to retain control of the company in a battle with its…
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China developer Vanke buys Shenzhen Metro unit for $6.9 billion
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Greece could lift capital controls by year-end: bank association head
June 19, 2016 by creative · Leave a Comment
Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. More than 50 billion euros left banks from November 2014 to July last year…
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Greece could lift capital controls by year-end: bank association head
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Explosion reported at Kia plant in Mexico, at least three injured
June 19, 2016 by creative · Leave a Comment
An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters. Luis Felipe Puente, the national director of emergency services, confirmed that some workers at
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Explosion reported at Kia plant in Mexico, at least three injured
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Volkswagen group to phase out more than 40 car models: report
June 19, 2016 by admin · Leave a Comment
Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it
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Volkswagen group to phase out more than 40 car models: report