Alibaba Group expands presence in Australia, New Zealand Alibaba Group expands presence in Australia, New Zealand:- Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the […]

Takata taps KSS as final bidder for restructuring deal Takata taps KSS as final bidder for restructuring deal:- Takata Corp (7312.T) has selected Chinese-owned Key Safety Systems (KSS), a U.S.-based auto parts supplier, as the final bidder to extend financial support for the Japanese airbag maker, three sources with knowledge […]

Wall Street stands with two Fed-hike outlook for 2017 Wall Street stands with two Fed-hike outlook for 2017:- Wall Street’s top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. central bank being pressed into a more aggressive pace […]

Lockheed, Pentagon announce $8.5 billion F-35 order Lockheed, Pentagon announce $8.5 billion F-35 order:- The Department of Defense and Lockheed Martin Corp (LMT.N) announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal for […]