Business & Finance News
Hyundai Motor Co is considering suspending its first Chinese plant, two sources familiar with the matter said on Wednesday.
Ousted Nissan boss Carlos Ghosn left prison on a $9 million bail on Wednesday, slipping past a throng of reporters in a blue cap and surgical mask, after vowing to mount a defense against financial misconduct charges that he has called “meritless”.
World stocks consolidated gains on Wednesday after hitting a 4-1/2 month high last week as investors shrugged off reports of fresh China stimulus, while the Australian dollar took a knock from poor growth figures.
The high-profile case of ex-Nissan chairman Carlos Ghosn has shone a light in Japan on what critics call “hostage justice”, in which suspects can be held for months after arrest, but any reforms will likely be incremental and slow.
Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday.
Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple.
Zhejiang Geely Holding’s Chairman, Li Shufu, said on Wednesday China’s automotive industry faces restructuring and bankruptcies in the next three to five years as the industry transforms.
The European anti-trust watchdog plans to send formal complaints to BMW, Daimler and Volkswagen this spring, in which the EU regulator will make detailed allegations regarding collusion on emissions of diesel engines, Handelsblatt reported on Wednesday.
Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. The Singapore-based firm continues to see strong interest from global investors after securing nearly $1.5 billion from the Vision Fund in a year-long round, Ming Maa told Reuters.
Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes, circumventing a nine-year-old government ban on foreign direct investment in the industry, internal company documents reviewed by Reuters showed.
Facebook Inc has rejected an Australian regulator’s recommendation for greater scrutiny over the social network’s advertising market power and the ranking of news articles in customers’ feeds.
Ousted Nissan Motor Chairman Carlos Ghosn was released from jail on Wednesday after posting $9 million in bail, giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan.
French Finance Minister Bruno Le Maire welcomed on Wednesday the release of former Renault boss Carlos Ghosn from jail in Japan.
Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple.
Dialog Semiconductor said revenues would decline this year as it completes the $600 million transfer of programmers and patents to iPhone maker Apple, as it announced a 2 percent rise in fourth-quarter operating profits.
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