February 27, 2019

Vietnamese carriers VietJet, Bamboo unveil Boeing deals worth $15 billion

Vietnamese carriers VietJet and Bamboo Airways formally announced on Wednesday deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing […]
February 27, 2019

Hyundai Motor says to lift auto operating margin to 7 percent by 2022

Hyundai Motor Co said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 percent by 2022, compared with 2.1 percent […]
February 27, 2019

Hot-rolled mess: China’s steelmakers hit the skids as car sales slow

China’s steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country’s car sector, a key […]
February 27, 2019

You don’t need a PhD anymore to read Fed’s statements

The Fed’s policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand […]
February 27, 2019

Asia shares tick up, dollar near three-week low after Powell comments

Asian shares edged higher on Wednesday and the dollar fell to a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s recent […]
February 27, 2019

Hyundai rejects Elliott’s payout call, shares rise ahead of showdown meeting

Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board […]
February 26, 2019

GE CEO says company needs to reduce debt ‘thoughtfully and soon’

General Electric Co has too much debt and needs to reduce it “thoughtfully and soon”, Chief Executive Officer Lawrence Culp said in a letter to shareholders […]
February 26, 2019

Rattled by Vale disaster, mining CEOs move to change industry

After last month’s deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 […]
February 26, 2019

Brazil’s CAOA in talks to buy Ford factory: source

Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant […]
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