Asian shares held steady on Wednesday as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
A slowing global economy and abrupt end to Federal Reserve policy tightening have shifted rate cut expectations in Asia to probable from possible, with the market betting on moves by a growing list of central banks.
France’s Renault SA intends to restart merger talks with Japanese automaker Nissan Motor Co Ltd within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles NV, the Financial Times reported on Wednesday, citing sources.
German carmaker Volkswagen and Amazon.com Inc have agreed on a strategic partnership to create a kind of “industry cloud”, for which details will soon be announced, Germany’s Sueddeutsche newspaper reported on Wednesday.
Grey Liu bought his third vehicle four months ago – a Foton pickup truck, lured by its $7,000 price tag and its ability to transport his sports motorcycle to the grasslands of northern China where he likes to ride.
Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.
China’s industrial firms posted their worst slump in profits since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses.
Asian shares slipped on Wednesday, giving up small gains made the previous day as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Korean Air Lines Co Ltd shareholders rejected an extension for CEO Cho Yang-ho as director in a landmark vote on Wednesday, ending his 27-year tenure on the board of South Korea’s biggest carrier and sending its shares higher.
Profits at China’s industrial firms suffered their worst contraction since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses.
Korean Air Lines Co Ltd shareholders voted on Wednesday against the airline’s proposal to extend CEO Cho Yang-ho’s term as director for three years, ending his 27-year tenure on the board of South Korea’s biggest carrier.
Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Michael Avenatti on Tuesday again proclaimed his innocence on charges he tried to extort millions of dollars from Nike Inc, but in an interview with CBS, admitted he was concerned about doing prison time.
Wednesday will be a pivotal day for aircraft maker Boeing Co and the federal aviation safety regulators as they try to rebuild trust following two deadly crashes of Boeing 737 MAX airliners.
Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip supplier Qualcomm left their battle lines largely unchanged ahead of a U.S Federal Trade Commission ruling and a major trial next month.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
