Business & Finance News
Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures
South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, a South Korean newspaper reported on Wednesday.
China’s factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world’s second-largest economy in 2019.
Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply and concerns about a global economic slowdown.
The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formerly take over from his father at the helm of South Korea’s second-biggest conglomerate.
Asian shares crept cautiously higher on the first trading day of the new year as early gains in U.S. stock futures spoke of some improvement in risk appetite.
U.S. oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring U.S. crude supply and concerns of an economic slowdown.
The fatality rate on passenger jet aircraft worldwide jumped in 2018 after airlines recorded zero accident deaths on passenger jets in the prior year, according to a Dutch consulting firm and an aviation safety group.
South Korea’s Hyundai Motor Co and Kia Motors Corp said on Wednesday they aim to sell 7.6 million vehicles in 2019, as they battle to recover market share in China and the United States.
South Korea’s Hyundai Motor Co on Wednesday announced their combined 2019 global sales target at 4.68 million vehicles.
Large financial institutions including JP Morgan Chase & Co , Citigroup Inc , and American Express Co are cutting back or altering some of the rewards plans that their credit card businesses offer borrowers, the Wall Street Journal reported on Tuesday.
Alphabet Inc’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.
TerraPower LLC, a nuclear energy venture chaired by Microsoft Corp co-founder Bill Gates, is seeking a new partner for early-stage trials of its technology after new U.S. rules forced it to abandon an agreement with China, company officials told the Wall Street Journal.
Netflix Inc is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters.
Johnson & Johnson Inc’s statement was unequivocal.
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