BARCELONA (Reuters) - Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told Reuters on Saturday.
Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told Reuters on Saturday. Formula One ...
Owners of motor racing series are considering a partial flotation of the business in Asia, an option also explored by English soccer club Manchester United
By Equitymaster: Not just the indices in the Indian equity markets, but those across Asia seemed to evince very little investor interest in today's session. Renewed fears about the possible failure of big banks and turbulence in global stock markets kept investors on the edge. Oil and gas and FMCG stocks in particular witnessed heavy profit booking in today's session. While the Sensex today closed higher by around 37 points, the NSE-Nifty ended 14 points higher.
British motor racing great Sir Stirling Moss has added his voice to the chorus of criticism surrounding 2008 world champion Lewis Hamilton saying his compatriot's recent on-track conduct has been "quite wrong".Hamilton was involved in collisions with McLaren team-mate Jenson Button and Red Bull's Australian driver Mark Webber during Sunday's rain-affected Canadian Grand Prix.Nevertheless 26-year-old Hamilton's fellow Briton Button, also a former Formula One world champion, went on to win in Montreal while Webber was third.
Toyota Motor has decided to follow Honda and BMW out of Formula One racing to save costs as the Japanese carmaker braces for its second straight annual loss