Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Uber To Invest More Than $60 Million In Sao Paulo Support Center

Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation.

Read more: Uber To Invest More Than $60 Million In Sao Paulo Support Center

Hong Kong Airlines To Suspend Kuching-Hong Kong Direct Flight Next Month

KUCHING: Hong Kong Airlines will suspend its Hong Kong – Kuching direct flight from February 25.

Read more: Hong Kong Airlines To Suspend Kuching-Hong Kong Direct Flight Next Month

Wal-Mart To Create 10,000 U.S. Jobs In 2017

Pic: Reuters

Wal-Mart Stores Inc (WMT.N) said it would create about 10,000 jobs in the United States this year, adding to its near 1.5 million workforce in the country, by opening or remodeling stores and investing in its e-commerce business.

Read more: Wal-Mart To Create 10,000 U.S. Jobs In 2017

Britain Will Leave EU Single Market, May Says

Britain will leave the EU's single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

Read more: Britain Will Leave EU Single Market, May Says

BAT Agrees To Buy Reynolds For $49 Billion

Pic: Reuters

British American Tobacco (BATS.L) has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc (RAI.N), creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion.

Read more: BAT Agrees To Buy Reynolds For $49 Billion

Wilbur Ross, Trump's Commerce Pick, Offshored 2,700 Jobs Since 2004

Pic: Reuters

Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters.

Read more: Wilbur Ross, Trump's Commerce Pick, Offshored 2,700 Jobs Since 2004

Carlyle To Become Largest Shareholder In South Africa's Global Credit Ratings

Carlyle Group (CG.O) has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services.

Read more: Carlyle To Become Largest Shareholder In South Africa's Global Credit Ratings

GM's Cadillac Sees Double-Digit Sales Growth In China This Year

General Motors Co's (GM.N) Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the country.

Read more: GM's Cadillac Sees Double-Digit Sales Growth In China This Year

Hyundai Motor To Boost U.S. Investment As Automakers Respond To Trump

The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. plant - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports.

Read more: Hyundai Motor To Boost U.S. Investment As Automakers Respond To Trump

Honda Says Takata Airbag Ruptured In Japan, Caused Minor Injury

Honda Motor Co (7267.T) said on Tuesday that an air bag made by Takata Corp (7312.T) had ruptured in one of its cars in Japan, resulting in a minor injury to the car's driver.

Read more: Honda Says Takata Airbag Ruptured In Japan, Caused Minor Injury