BHP Group Ltd on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant.
U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday.
Global miner BHP Group Ltd on Thursday appointed 16-year company veteran Mike Henry as its new chief executive from Jan. 1 next year, replacing Andrew Mackenzie.
Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make big profits for investors, the Wall Street Journal reported on Wednesday.
The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX’s return to service. Boeing’s best-selling 737 MAX has been grounded since March, after two deadly crashes in five months killed 346 people, and it has come under harsh criticism from U.S. lawmakers. …read more […]
Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy.
TOKYO/SINGAPORE, Nov 14 (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan , which had drifted in to positive territory in morning trade, turned negative to trade 0.4% lower. Japan’s Nikkei stock index dropped 0.6%, while Shanghai blue chips turned from positive to flat and Australia’s S&P/ASX200 index wiped some of its gains to trade less than 0.5% higher by mid afternoon in Sydney. …read more […]
China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision , the company said.
South Korean automaker Hyundai Motor will start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of $410 million, as it seeks a foothold in the popular, but highly competitive, segment led by U.S. rivals.
Nov.13 — Tesla Inc. won permission to start mass production at its China factory as Chief Executive Officer Elon Musk announced that Tesla will expand its global manufacturing network with a factory near Berlin. Bloomberg’s Dana Hull has the latest on “Bloomberg Technology.” …read more […]
Chinese surveillance equipment manufacturer Hikvision said regulators were investigating two of its directors for allegedly violating disclosure rules, piling more pressure on a firm which is on a U.S. blacklist.
SoftBank’s Yahoo Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up.
Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world’s second-largest economy.
Federal prosecutors on Wednesday unveiled a new fraud charge against lawyer Michael Avenatti, accusing him of lying to a client as part of his alleged effort to extort Nike Inc. The prosecutors also dropped two counts of conspiracy against Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan. “I am extremely pleased that the two counts alleging I engaged in a conspiracy against Nike have just been dismissed by Trump’s DOJ,” Avenatti wrote on Twitter, referring to the U.S. Department of Justice under President Donald …read more […]
The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists.
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