Money Digest

Cathay Pacific to buy 32 planes

Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers.

Reuters, Aug 22 2017

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Sempra Energy to buy Oncor

Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc.

Reuters, Aug 22 2017

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Oil prices fall

Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance.

Reuters, Aug 22 2017

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Tata Motors to invest $625m to boost sales

Tata Motors will invest more than 40 billion rupees ($625 million) to boost sales of its passenger and commercial vehicles, its chief executive said on Monday, as the Indian automaker looks to return to profit in its domestic business.

Reuters, Aug 22 2017

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Infosys shares extend losses

Shares of Infosys Ltd fell as much as 4.6 percent on Monday to a near three-year low, slumping for a second consecutive session, after brokerages including Nomura downgraded the stock following the resignation of its chief executive.

Reuters, Aug 22 2017

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NKorea tensions push gold higher

Gold rose on Monday as tensions over North Korea fuelled safe haven demand, while doubts over US President Donald Trump’s ability to enact pro-business policies pushed US bond yields to near two-month lows and world stocks fell.

Reuters, Aug 22 2017

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