Japan’s Toshiba Corp will exit its U.S. liquefied natural gas (LNG) business by paying China’s ENN Ecological Holdings Co more than $800 million to take over the unit as part of a plan to shed money-losing assets.
UBS Group AG , Switzerland’s largest bank, faces a another potentially costly legal battle as the U.S. Department of Justice is preparing civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
The Chinese government’s top diplomat Wang Yi said on Thursday that China and the United States can and should appropriately resolve their trade dispute through talks.
Chinese companies and individuals are selling more used private planes than in previous years as economic growth slows in China, and U.S. buyers are snapping up hard-to-find models, according to interviews with business jet analysts, dealers and consultants.
Electric carmaker Tesla Inc said Robyn Denholm, currently CFO at Australian telecoms operator Telstra Corp Ltd , will replace Elon Musk as its chair.
Robyn Denholm will replace Elon Musk as chair of Tesla Inc , CNBC reported on Thursday.
China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year.
Asian stocks scaled a one-month peak on Thursday, after investors drove a Wall Street rally on relief the U.S. midterm elections delivered no major political surprises, while the dollar bounced and pulled away from 2-1/2-week lows.
Mazda Motor Corp on Thursday said it planned to recall around 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines.
Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors’ confidence.
Japan’s Toshiba Corp said on Thursday it will pay more than $800 million to an unidentified overseas “buyer” to exit its U.S. liquefied natural gas (LNG) business as part of a five-year plan to shed money-losing assets.
Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy.
Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period.
Struggling Australian wealth manager AMP Ltd fears any new regulation of the finance sector would “distract” participants from acting ethically, it said on Thursday, striking a defiant tone after months of damaging allegations.
Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
