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Home2018September

Month: September 2018

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Business News

Leading Carige investors told to seek regulatory clearance over stake

September 14, 2018 admin Comments Off on Leading Carige investors told to seek regulatory clearance over stake

Three leading investors in Italy’s Carige will have their voting rights capped at 10 percent at a key shareholder meeting next week unless they gain regulatory clearance for the their combined 15.2 percent stake, the bank said.

…read more […]

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Business News

Metro CEO sees interest for Real stores on the block

September 14, 2018 admin Comments Off on Metro CEO sees interest for Real stores on the block

German retailer Metro AG previously had contact with potential buyers for its struggling Real hypermarkets so it is optimistic its decision to put them for sale will be met with interest, chief executive Olaf Koch said on Friday.

…read more […]

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Business News

Xiaomi creates new management jobs aimed at CEO succession planning

September 14, 2018 admin Comments Off on Xiaomi creates new management jobs aimed at CEO succession planning

Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.

…read more […]

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Business News

Hyundai Motor Group names heir apparent as chief vice chairman

September 14, 2018 admin Comments Off on Hyundai Motor Group names heir apparent as chief vice chairman

Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

…read more […]

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Business News

Oil prices claw back on supply concerns though but demand worries drag

September 14, 2018 admin Comments Off on Oil prices claw back on supply concerns though but demand worries drag

Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand.

…read more […]

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Business News

Hyundai Motor Group heir apparent named as chief vice chairman

September 14, 2018 admin Comments Off on Hyundai Motor Group heir apparent named as chief vice chairman

Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

…read more […]

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Business News

Hyundai Motor Group heir apparent named as vice chairman

September 14, 2018 admin Comments Off on Hyundai Motor Group heir apparent named as vice chairman

Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

…read more […]

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Business News

U.S. sanctions Russian, Chinese tech firms over funds for North Korea

September 14, 2018 admin Comments Off on U.S. sanctions Russian, Chinese tech firms over funds for North Korea

The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.

…read more […]

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Business News

Hyundai Motor Group appoints heir apparent as chief vice chairman

September 14, 2018 admin Comments Off on Hyundai Motor Group appoints heir apparent as chief vice chairman

South Korea’s Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice chairman of Hyundai Motor Co , to chief vice chairman of the group.

…read more […]

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Business News

China says world trade system not perfect, needs reform

September 14, 2018 admin Comments Off on China says world trade system not perfect, needs reform

The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said.

…read more […]

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Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

September 14, 2018 admin Comments Off on Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

Amazon.com Inc Chief Executive Jeff Bezos said on Thursday the company would announce a decision on where it will build a second headquarters before the end of the year, and also said that President Donald Trump is wrong to “attack the media.”

…read more […]

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Oil prices claw back some ground, but demand worries drag

September 14, 2018 admin Comments Off on Oil prices claw back some ground, but demand worries drag

Oil on Friday clawed back some of its losses from the previous session when prices fell the most in a month, although worries that emerging market crises and trade disputes could dent demand continued to drag.

…read more […]

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Business News

Amazon CEO says ‘HQ2’ decision will be announced before end of year

September 14, 2018 admin Comments Off on Amazon CEO says ‘HQ2’ decision will be announced before end of year

Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year.

…read more […]

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Asian shares rise as China and U.S. weigh fresh talks

September 14, 2018 admin Comments Off on Asian shares rise as China and U.S. weigh fresh talks

Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.

…read more […]

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Business News

Google’s China plan spurs inquiry from U.S. lawmakers, staff departures

September 14, 2018 admin Comments Off on Google’s China plan spurs inquiry from U.S. lawmakers, staff departures

A bipartisan group of 16 U.S. lawmakers asked Alphabet Inc’s Google on Thursday if it would comply with China’s internet censorship and surveillance policies should it re-enter the Chinese search engine market.

…read more […]

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