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  • Factbox: Kobe Steel's 10 largest shareholders

    November 5, 2017 1:25 AM 261

    - Asset Management One Co Ltd and other Mizuho Financial Group Inc companies 6.54 pct (23.83 mln shares) - Mitsubishi UFJ Trust and Banking Corp and other Mitsubishi UFJ Financial Group Inc companies 6.09 percent (22.2 mln shares) - BlackRock Japan Co Ltd and other BlackRock Inc companies 5.16 pct (18.8 mln shares) - Japan Trustee Services Bank Ltd (Trust

  • Apple's holiday-quarter sales forecast largely above estimates

    November 2, 2017 8:50 PM 134

    Apple Inc's revenue forecast for the holiday shopping-quarter was largely above market expectations, helping allay investor concerns about production delays and supply constraints for the iPhone X, which it will start shipping from Nov. 3. The forecast comes after Apple gauged demand for iPhone X with a pre-order process that kicked off online on Oct. 27. Many analysts

  • Qualcomm sues Apple for breach of software license contract

    November 2, 2017 6:50 PM 125

    Qualcomm Inc has sued Apple Inc , alleging that it violated a software license contract to benefit rival chipmaker Intel Corp for making broadband modems, the latest salvo in their longstanding dispute. Qualcomm said in a lawsuit filed in California state court in San Diego on Wednesday that Apple used its commercial leverage to demand unprecedented

  • Audi recalls almost 5,000 A8 models for emissions software updates

    November 2, 2017 11:25 AM 116

    FRANKFURT - Volkswagen's premium carmaker Audi said on Thursday it would recall 4,997 of its A8 model vehicles with V8 diesel engines in Europe to update software after it found they emitted too much nitrogen oxide. It said it had reported the matter to Germany's motor authority KBA. An Audi spokesman said the KBA was pointing to an illegal manipulation

  • Singapore Air splurges S$1.15 billion to redefine luxury with revamped A380 cabins

    November 2, 2017 11:02 AM 140

    SINGAPORE — Singapore Airlines Ltd, the first carrier to put a double bed in its cabins, is spending US$850 million (S$1.15 billion) to refit all its Airbus SE A380 jets to take airborne luxury up another notch. The airline on Thursday unveiled its first major overhaul across cabin classes of its Airbus SE A380s since 2007, when it became the first carrier

  • SIA's new A-380s to offer better seats and carry more economy, premium economy passengers

    November 2, 2017 2:30 AM 118

    SINGAPORE - Singapore Airlines (SIA) has revealed - as it unveiled new seats and other in-flight products as part of a US$850 million (S$1.16 billion) investment - that its Airbus 380s will carry more economy and premium economy passengers than they do now. This, though, will not be at the expense of customer comfort and convenience, the airline said. The first

  • US stocks end mostly higher as Fed keeps rates unchanged

    November 1, 2017 8:34 PM 111

    NEW YORK: Wall Street stocks finished mostly higher on Wednesday (Nov 1) following another round of solid US data and an upbeat appraisal on economic conditions by the Federal Reserve. The Fed, as expected, kept interest rates unchanged as it reported the US was growing at a "solid pace" and was not significantly dented by Hurricanes Harvey and Irma. That statement

  • Tesla reports biggest-ever quarterly loss

    November 1, 2017 8:30 PM 105

    Tesla Inc reported its biggest-ever quarterly loss on Wednesday as the electric-car maker spent more to speed up production of its more affordable Model 3 sedan. Led by Silicon Valley entrepreneur Elon Musk, Tesla is struggling to overcome production bottlenecks as it builds the Model 3, seen as key to the company's long-term profitability. The company

  • Fed holds rates steady; 'solid' growth keeps December hike in view

    November 1, 2017 6:05 PM 112

    WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while downplaying the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. The U.S. central bank acknowledged that inflation remained soft, but it did not downgrade

  • 848 more HDB blocks to be installed with solar panels

    November 1, 2017 3:07 PM 101

    SINGAPORE – Around 850 additional Housing Development Board (HDB) blocks and 27 government sites will be equipped with solar panels by mid-2020. The HDB and the Singapore Economic Board (EDB) launched its third bulk tender for solar panels on Wednesday (Nov 1). It is the largest tender under the SolarNova programme, which aims to spur growth of Singapore’s