Business & Finance News
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.
China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.
German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany’s largest airline and two potential mediators did not yield any results.
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.
Finland’s Financial Supervisory Authority (FSA) has started an investigation into Nokia’s sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.
Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents released on Friday.
Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in 2018, according to regulatory filings.
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
U.S. consumer electronics retailer Best Buy Co said on Friday its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
Wall Street’s major indexes climbed to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Key world equity indexes scaled new highs on Friday as a surge in U.S. housing starts to levels last seen in 2006 powered stocks while the greenback rose to a one-week high against the euro on expectations of solid economic growth.
Wall Street edged up to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane’s return to service.
Boeing Co said on Friday it is addressing a new software issue discovered during a technical review of the proposed update to the grounded Boeing 737 MAX in Iowa last weekend.
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