March 22, 2019

China’s auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

China’s major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest […]
March 22, 2019

American Airlines pilots expect to test 737 MAX software fix in Boeing simulator

American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step […]
March 22, 2019

Indonesia’s Garuda asks to cancel $6 billion 737 MAX order, considers other Boeing jets: CFO

National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial […]
March 22, 2019

Chinese smartphone firms jazz up products, seize turf in home market from Apple

Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. Powered by WPeMatico
March 22, 2019

Asian shares hit 6-1/2-month high on tech hopes, U.S. data

Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the […]
March 22, 2019

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote

Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. […]
March 22, 2019

Hyundai Motor shareholders vote against Elliott dividend proposal

Hyundai Motor shareholders voted on Friday against Elliott Management’s proposals for dividend payouts. Powered by WPeMatico
March 22, 2019

Hyundai Mobis shareholders vote against Elliott dividend proposal

Hyundai Mobis shareholders voted on Friday against Elliott Management’s proposal for dividend payouts. Powered by WPeMatico
March 22, 2019

Mexico could pay Pemex debt from $15 billion stabilization fund

Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations […]
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