KAISA CEO STEPS DOWN
Chinese property developer Kaisa Group Holdings said Monday its
chief executive has resigned, marking the latest exit by senior
executives at the firm that has struggled with regulatory and debt
issues. (published 0050 GMT)
WESTPAC'S NEW CEO STARTS WITH MANAGEMENT CHANGES
Westpac Banking Corp.'s new chief executive has hit the ground
running, streamlining the Australian lender's management structure
and scrapping his old position. (published 2342 GMT Sunday)
STANDARD GENERAL MAY SERVE AS LEAD BIDDER FOR RADIOSHACK--2ND UPDATE
Hedge fund Standard General LP is in talks to serve as the lead
bidder at a bankruptcy auction for struggling consumer-electronics
retailer RadioShack Corp., according to people familiar with the
matter. (published 2318 GMT Sunday)
REFINERIES STAY OPEN AMID WALKOUT
United Steelworkers at refineries that produce nearly 10% of the
nation's gasoline, diesel and other fuels went on strike Sunday,
after weeks of contract negotiations broke down over salaries and
safety concerns, union officials and companies said. (published
0050 GMT)
CHAIRMAN, CEO OF GREECE'S EUROBANK ERGASIAS RESIGN
Greece's Eurobank Ergasias SA announced changes to its
management team late Sunday, after the lender's chairman and chief
executive officer had resigned. (published 2246 GMT Sunday)
JB HI-FI SALES PICK UP AFTER 1H PROFIT DIPS
Electronics and home-appliances retailer JB Hi-Fi Ltd. had a
sluggish start to its fiscal year but said it performed well over
the important Christmas period and saw a pickup in sales growth in
January. (published 2214 GMT Sunday)
FONTERRA UNABLE TO IMPORT CHEESE DIRECTLY INTO U.S. IN 2015
Fonterra Co-Operative Group Ltd. will be unable to import New
Zealand cheese into the United States in 2015 due to an error, but
any financial impact will be minimal, it said Monday. (published
2134 GMT Sunday)
SYNLAIT MILK LOWERS FORECAST MILK PRICE FOR SUPPLIERS
New Zealand milk company Synlait Milk Ltd. Monday lowered the
amount it expects to pay its suppliers in the current season as low
commodity prices continue to weigh. (published 2124 GMT Sunday)
FORD TO CUT VEHICLE PRICES IN RUSSIA
Ford Motor Co. says it will be "aggressively lowering prices" in
Russia this year, as the American car maker contends with
persistent losses in Europe and a rising dollar. (published 1650
GMT Sunday)
CRH CONFIRMS EUR6.5 BILLION DEAL TO BUY HOLCIM, LAFARGE ASSETS -- UPDATE
Irish building materials company CRH PLC said it agreed to pay
EUR6.5 billion for assets from Lafarge SA and Holcim Ltd. that the
two cement companies must sell to win approval for their $40
billion merger. (published 1622 GMT Sunday)
SUNAC CHINA TO BUY SOME OF KAISA'S ASSETS IN SHANGHAI - UPDATE
Property developer Sunac China Holdings said Sunday it has
agreed to purchase some assets of Kaisa Group Holdings, in a move
that would help to alleviate some of the latter's financial woes.
(published 1530 GMT Sunday)
MALAYSIA'S 1MDB DELAYS LOAN PAYMENT AGAIN
Malaysian state-owned investment firm 1Malaysia Development Bhd.
missed another deadline to repay a $550 million loan over the
weekend, although people familiar with the matter say it is edging
closer to sealing a financing arrangement with local tycoon Ananda
Krishnan to help pay off the debt. (published 1236 GMT Sunday)
KUWAIT'S ZAIN GROUP FOURTH-QUARTER PROFIT SUFFERS ON IRAQ UNREST
Kuwait's Zain Group Sunday said fourth-quarter profit tumbled
35% as the telecommunications operator suffered from political
unrest in its key markets of Iraq and South Sudan. (published 1351
GMT Sunday)
MORGAN STANLEY SHOPS OIL-STORAGE UNIT AGAIN
The collapse of the oil market has dragged down prices across
the energy sector. One exception is the price Morgan Stanley is
seeking for its oil-trading and storage business, which could
profit from the recent slide. (published 0019 GMT)