Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler AG , denying a Bloomberg report which said the Chinese firm had cut its 9.7 percent stake by more than half.
Chinese billionaire Li Shufu’s Geely Group cut its 9.7 percent stake in carmaker Daimler AG by more than half, Bloomberg reported on Friday, citing people familiar with the matter.
BMW’s group sales went up 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company said on Friday, adding that it expected a slight increase this year despite challenging market conditions.
Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion.
Defense lawyers for Nissan ex-Chairman Carlos Ghosn said they will seek his release on bail after Tokyo prosecutors indicted him on Friday on two new charges of financial misconduct.
Chinese conglomerate Dalian Wanda Group has filed confidentially for a U.S. initial public offering of its sports unit that could fetch up to $500 million, according to sources with direct knowledge of the matter.
Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels.
Tokyo prosecutors indicted former Nissan Motor Co Ltd Chairman Carlos Ghosn on two new charges of financial misconduct on Friday, his lawyer said, adding to the legal challenges for the once-feted auto executive.
It was meant to be the first year in nearly a decade that the world’s central banks took more cash out of markets than they pumped in. Instead, China — and slowing growth elsewhere — may ensure yet another year of positive liquidity flows.
At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch.
Goldman Sachs Group Inc is considering paying big multinational corporations more for their deposits than other banks as it paves the way for its entry into a mundane but prized business: managing cash.
Tokyo prosecutors indicted former Nissan Motor Co Ltd Chairman Carlos Ghosn on two new charges of financial misconduct on Friday, local media reported, adding to the legal challenges for the once-feted auto executive.
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of “around” 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher U.S. tariffs and weakening domestic demand.
Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels.
Nissan Motor Co Ltd has terminated the lease to ex-Chairman Carlos Ghosn’s luxury apartment in Tokyo, Ghosn’s legal team said on Friday, as the Japanese automaker cuts ties with the executive following his arrest in November.
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