April 24, 2019

All Wells Fargo directors elected as hecklers call executives ‘frauds’

Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees […]
April 24, 2019

BMW to buy cobalt direct from Australia, Morocco for EV batteries

German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not […]
April 24, 2019

Aviva’s UK insurance boss to step down, management review to begin

British insurer Aviva said on Wednesday that Andy Briggs, head of its UK insurance business, was stepping down from the company, just weeks after missing out […]
April 24, 2019

Japan’s Softbank to buy 5.6 percent of Wirecard for around $1 billion

Japan’s Softbank Group Corp will buy a 5.6 percent stake in German payments company Wirecard by acquiring convertible bonds worth around 900 million euros ($1.01 billion), […]
April 24, 2019

Australian retail shareholder group says to vote against AMP pay proposals

Australia’s most prominent retail shareholder group said on Wednesday it will vote against AMP Ltd’s executive pay proposals for a second straight year, adding to pressure […]
April 24, 2019

Samsung Elec to invest $9.6 billion annually in logic chips until 2030

Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to […]
April 24, 2019

Hyundai Motor profit jumps as South Korea, U.S. sales offset China slump

South Korea’s Hyundai Motor reported a better-than-expected 24 percent jump in net profit for the January-to-March quarter, as improved business at home and the United States […]
April 24, 2019

Asian shares fall despite strong Wall Street; dollar near 22-month high

Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy […]
April 24, 2019

Adding to Ghosn woes, Nissan set to further slash profit outlook: report

Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future […]
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