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Volvo rolls out compact SUV
MILAN: Volvo Cars showed off its first compact SUV on Thursday with the launch of its XC40 model, the latest in a sweeping overhaul of the carmaker’s line-up under Chinese ownership. Experts consider this as a latest upmarket move under Geely President and Chief Executive Officer of Volvo Hakan Samuelsson was present during the official presentation of new XC40 model in Milan, Italy, on Thursday. Volvo will seek to emulate the
 
 
Boeing boosts Southeast Asia order forecast
SINGAPORE: Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible. Boeing sees demand for 4,210 new airplanes worth $650 billion in Southeast Asia over the next two decades, based on an estimate of annual traffic growth of 6.2 per cent. That is up from last year’s forecast of 3,750 aircraft
   
Postal Savings Bank of China raises $7.25 billion through preferred shares
HONG KONG: Postal Savings Bank of China Co (PSBC) is raising $7.25 billion through an issue of preferred shares to shore up its capital buffer and boost lending, becoming the latest Chinese bank to raise funds through the hybrid securities. State-run PSBC’s fundraising comes a year after it garnered $7.63 billion in a Hong Kong IPO. The lender also unveiled plans in August for a share listing in Shanghai to raise $785 million.
 
 
Brazil cuts estimate for coffee production
SAO PAULO: Brazil’s government has cut its projections for coffee output this year, especially for arabica, due to unfavourable weather and an insect infestation in the world’s largest exporter. According to a report by the country’s agricultural statistics agency Conab, total coffee production in 2017 is now seen at 44.77 million 60-kg bags, compared to 45.6 million bags in May. Last year, total output was 51.37 million bags.
   
Smiths Group reports 17% increase in pre-tax profit
LONDON: Engineering conglomerate Smiths Group reported a 17 per cent rise in full-year pre-tax profit on Friday, helped by growth in its security scanners business. Smiths Group, a provider of hospital equipment, industrial services and sensors to detect explosives, said pre-tax profit rose to 528 million pounds ($717.50 million) for the year ended July 31, exceeding company-compiled analyst estimate of 522 million pounds.
 
 
ZhongAn prices HK IPO at top end, raises $1.5 billion
HONG KONG: ZhongAn Online Property & Casualty Insurance Co priced its IPO at the top of an indicated range, raising $1.5 billion in Hong Kong’s biggest ever financial technology stock offering, IFR reported on Friday. China’s first internet-only insurer priced 199.3 million new shares at HK$59.70 ($7.65) each, the top of a HK$53.70 to 59.70 range said IFR, a Thomson Reuters publication. It cited people close to the deal.
   
Road to electric car paradise paved with handouts
JUDABERG: The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland. There has been a surge in sales of fully electric cars like Teslas and Nissan Leafs since the tunnel opened in 2009 and they now account for one in five cars on Finnoey, compared with less than 1 in 100 globally. Twenty-nine per cent of
 
 
BoJ keeps monetary spigot open, new board member dissents
TOKYO: At the Bank of Japan, it was the same old story. The BoJ held monetary settings steady at a policy review on Thursday and asked markets to have faith that inflation will hit its elusive 2 per cent goal. But board newcomer, Goushi Kataoka, wasn’t buying it. A vocal advocate of aggressive easing who joined the board in July, Kataoka dissented in an 8-1 vote and argued against the central bank’s view that current policy was
   
Several tips to improve your chances of getting a job
NEW YORK: Congratulations — you managed to get an interview for a position at your dream company. But don’t start celebrating just yet. It’s not enough to get your foot in the door; you also have to make the right impression when you interview. From wearing the right clothes to making eye contact with the hiring manager, small gestures can have a big effect on your career prospects. Here are eight interview tips from the pros to
 
 
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