U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX’s nose angle might not work in conditions similar to those in two recent disasters, a document shows.
South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s parent firm said in a regulatory filing.
Stephen Wang is counting the costs of President Donald Trump’s trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.
Goldman Sachs Group Inc invested money from China’s sovereign wealth fund in a California-based industrial company and is looking for more U.S. deals, three sources familiar with the matter said, even after increased scrutiny from Washington all but stopped U.S.-China deals last year.
Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
The U.S. Securities and Exchange Commission on Thursday delayed a controversial plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, while the exchanges sue the regulator in an attempt to kill the experiment.
AstraZeneca Plc and Daiichi Sankyo Co Ltd signed a deal to develop and sell Daiichi’s cancer drug trastuzumab deruxtecan that could see the British drugmaker pay as much as $6.9 billion to its Japanese partner.
General Motors is expected to sign a deal to sell its shuttered factory in the South Korean city of Gunsan to a local consortium of auto parts makers, two sources with direct knowledge of the matter told Reuters on Friday.
Amazon Web Services (AWS), a unit of Amazon.com Inc, said on Thursday it will open a Latin America infrastructure location in Colombia and help train 2,000 students in cloud technology.
U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies.
China’s Huawei Technologies, the world’s third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, buoyed by a solid performance in its home market and a booming smartphone business.
Asian shares posted narrow gains on Friday on revived hopes of progress in U.S.-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
AstraZeneca Plc and Japan’s Daiichi Sankyo Co Ltd have signed a potential multibillion-dollar collaboration to develop and sell Daiichi’s cancer drug trastuzumab deruxtecan.
U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, as he headed to a state guest house to begin a day of trade talks.
The U.S. Federal Reserve is done raising interest rates until at least the end of next year, according to economists in a Reuters poll who gave a 40 percent chance of at least one rate cut by end-2020.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
