Industry
Future Land Development Chair Wang Zhenhua Faces Probe Under China’s Anti Corruption Drive
Future Land Development shares have witnessed a fall of around 14% and appear to be the lowest since September 7. Meanwhile, Moody’s has changed outlook on the business to negative from stable on Monday. Fearing further price falling, the company has arranged suspension of its shares listed in the Hong Kong and Shanghai Stock Exchange.
Mazda MX-5 Miata Showcased in Tokyo Auto Salon 2016 Reflects Enthusiast’s Dream.
The Miata hasn’t witnessed the best presentation through the years. Mazda has represented MX-5 generation Miata in the Tokyo Auto Salon 2016. The uproar from the audience indicates that the Miata generation now claims due status in the sports car segment. The new widened Miata has absorbed inspirations from a lot of tuning cultures and thus proclaimed as the largest road racers in the US.
Mysterious Fire Spreads in Several Floors of Foxconn Facility, No Casualties Reported
Foxconn’s Zhengzhou plant of Henan province is one of the largest iPhone assemblers for Apple. A fire, originated from the central air conditioning fan and ventilation ducts on the roof on Sunday evening. Local fire safety authorities have brought the situation under control and now probing the incident to unearth the reason behind the fire incident.
Part of Saudi Aramco’s Shares May Be Offered For International Investors
Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.