Business News
Chinese smartphone firms jazz up products, seize turf in home market from Apple
Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds.
Year: 2019
Business News
Indonesia’s Garuda asks to cancel 737 MAX order, may switch to other Boeing jets: CFO
National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX narrowbody jets, Garuda chief financial officer Fuad Rizal said on Friday.
Business News
American Airlines pilots expect to test 737 MAX software fix in Boeing simulator
American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes.
Business News
Asian shares hit 6-1/2-month high on tech hopes, U.S. data
Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy.
Business News
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.
Business News
Mexico could pay Pemex debt from $15 billion stabilization fund
Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex.
Business News
Hyundai shareholders reject Elliott’s $6.2 billion dividend request
Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.
Business News
Tesla’s Musk tells employees vehicle deliveries ‘primary priority’ near end of first quarter
Tesla Inc’s vehicle deliveries scheduled across Europe, China and North America should be a “primary priority” for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday.
Business News
Hyundai shareholders reject Elliott’s $6.2 bln dividend request
Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.
Business News
American Airline pilots expect to test 737 MAX software fix in Boeing simulator
American Airlines Group Inc pilots expect to test Boeing Co’s 737 MAX software fix on the U.S. manufacturer’s simulators this weekend, officials from the pilots’ union told Reuters on Thursday, a key step in restoring pilots’ confidence in the aircraft after two fatal crashes.
Business News
Asian shares firm after solid U.S. data, tech sector hopes
Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy.
Business News
Hyundai Mobis shareholders vote against Elliott dividend proposal
Hyundai Mobis shareholders voted on Friday against Elliott Management’s proposal for dividend payouts.
Business News
Shares of Japan’s Eisai swamped with sell orders after ending Alzheimer trials
Eisai Co Ltd’s shares were untraded on Friday, hit with a glut of sell orders after the Japanese drugmaker and its partner Biogen Inc said they are ending two drug trials of their experimental Alzheimer’s disease drug aducanumab.
Business News
Hyundai Motor shareholders vote against Elliott dividend proposal
Hyundai Motor shareholders voted on Friday against Elliott Management’s proposals for dividend payouts.
Business News
As worries about populism in Europe rise, investors bet on stock market volatility
Investors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections in May amid growing concerns about rising populism.