Business & Finance News
Oil prices slid on Tuesday as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander.
Luxury carmaker Rolls-Royce said on Tuesday it recorded a 25% jump in sales in 2019, underpinned by solid demand for its first-ever SUV, Cullinan, just a year after the launch.
Asian shares rebounded on Tuesday as investors’ reassessed the risk of an all-out conflict between the United States and Iran, while Wall Street battled back to the black as tech stocks climbed.
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.
Japan is in touch with Lebanon, and other relevant nations, over the departure of former Nissan Motor Co boss Carlos Ghosn, the top government spokesman said on Tuesday.
Transport Minister Kazuyoshi Akaba said on Tuesday that inspections of large baggage were now mandatory at private jet facilities at Japan’s major airports, following the stunning escape of ex-Nissan boss Carlos Ghosn from the country.
General Motors Co’s vehicle sales in China fell for a second year as overall auto sales declined amid a slowing economy and because of competition in the key mid-priced sport utility vehicle (SUV) segment.
Asian shares rebounded on Tuesday as a day passed without any new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
General Motors Co’s vehicle sales in China fell 15% in 2019, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market and faced heightened competition in its key mid-priced SUV segment.
Oil prices edged lower on Tuesday, coming off their highest levels in months as the market calmed while the world braces for Iran’s response to the killing of its top military commander by the United States.
Nissan Motor said on Tuesday that ousted former Chairman Carlos Ghosn’s flight from Japan would not affect its policy of holding him responsible for “serious misconduct.”
Impossible Foods Inc on Monday launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat .
Boeing Co said Monday that it will reassign 3,000 workers to other jobs as it halts production of the grounded best-selling 737 MAX jet in mid-January.
Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
