South Korea’s Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market.
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French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy program and the boost from its acquisition of Japanese company Clarion, lifting its shares.
European shares were little changed on Tuesday after a strong start to the week, as investors sought concrete signs of any progress in trade talks between the United States and China. The pan-European STOXX 600 index was flat at 0803 GMT, after gaining more than 1% on Monday following a report that the two sides were close to a trade agreement. China’s Commerce Ministry said on Tuesday that top trade negotiators from both countries had reached a consensus on “resolving relevant problems” on a phone call, but gave no indication on the timing of a deal. …read more […]
Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world’s biggest oil users, to agree a preliminary deal to end their trade war.
(Bloomberg) — Venus MedTech (HangZhou) Inc. is adding fuel to a boom of health-care IPOs in Hong Kong, as investors bet on rising demand from China’s aging population.The Chinese developer of cardiovascular devices began taking orders Tuesday, counting big names including Singapore’s sovereign fund GIC Pte among its cornerstone investors. Venus is seeking as much as $331 million from the sale, with an expected Dec. 10 listing.Health-care initial public offerings have raised $4.4 billion in Hong Kong since January, setting a record for the first 11 months and marking an almost 30% growth over the same period last year, according …read more […]
(Bloomberg) — The biggest pension fund in the Nordic region is working on a plan to rejig its $130 billion portfolio to help it cope with long-term negative interest rates.ATP, which is based north of Copenhagen, says its review will be “comprehensive.” There are “big decisions” ahead, Chief Executive Officer Bo Foged said in an interview. Measures may include shifting the basic allocation model at the fund to allow it to offload bonds and add risk.ATP is trying to run a pension fund in a country that’s had negative rates longer than any other place on Earth. Denmark’s central bank …read more […]
Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks.
(Bloomberg Opinion) — An estimated 9 million American citizens living outside the U.S. face a tax nightmare those at home can’t imagine and none should ever suffer. The reason: The U.S. is one of only two countries in the world (the other is Eritrea) that taxes its citizens regardless of where they live.American expats don’t necessarily owe the U.S. any tax: They can deduct taxes paid to host countries, which are often higher, or take an exemption. But they have to file returns and disclosures regardless, at a significant cost in accounting fees, nuisance and needless anxiety. The rules are …read more […]
Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month. The S&P 500 , the Dow Jones Industrial Average and the Nasdaq all closed at records on Monday as China’s Global Times newspaper reported that Beijing and Washington were “moving closer to agreeing” on a “phase one” trade deal. The prospect of renewed economic growth and favorable monetary policy have arguably played greater roles than trade optimism in fueling the rally in U.S. shares, some say. …read more […]
Q3 2019 Yelp Inc Earnings Call …read more […]
Spot gold was down 0.1% to $1,454.19 per ounce by 0331 GMT, having fallen to its lowest since Nov. 12 earlier in the session. U.S. gold futures inched 0.2% lower to $1,453.80. China’s Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one agreement, two days after a report that Beijing and Washington are “moving closer to agreeing” on the deal. …read more […]
French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy program and the boost from its acquisition of Japanese company Clarion.
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