Business & Finance News
Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December stoking concerns about a global glut but OPEC talk of an output reduction limited losses.
The head of Nokia’s mobile networks arm, its largest business unit, is leaving the Finnish company as part of changes designed to position the company for the 5G telecoms era, Nokia said on Thursday.
Indonesia’s Lion Air plans to meet Boeing Co on Nov. 30 to review the airline’s orders for Boeing 737 MAX series planes in the period until 2035, Lion Air’s director of safety and security Daniel Putut said on Thursday.
Nissan Motor Co is holding a board meeting to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault .
Hyundai Motor and affiliate Kia Motors are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed.
Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, said on Thursday that he could not comment on whether Nissan Chairman Carlos Ghosn had admitted to allegations of financial misconduct.
Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.
China is evaluating the potential impact from a U.S. proposal to increase control over technology exports, and will take the necessary steps to uphold Chinese firms’ legitimate interests, a spokesman at the commerce ministry said on Thursday.
Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault .
Steinhoff International said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
Steinhoff International said on Thursday that its U.S.-based unit Mattress Firm Inc emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.
Tesla Inc is cutting the price of its Model X and Model S cars in China, the U.S. firm said on Thursday, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.
Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising U.S. interest rates and trade tensions.
Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co , among the country’s largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters.
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