Honda's Philippine unit to close auto production plant
The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations.
The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations.
Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday.
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.
Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.
EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday.
Forbes | Ron Shevlin | Feb 21, 2020 LendingClub, one of the nation’s first peer-to-peer lenders (oops! I mean, “marketplace” lenders—real ”peer to peer” lending lasted all of about a month), announced it plans to acquire Radius Bank, a relatively small Boston-based bank, unknown to most people outside of the industry (and within, for that
Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence.
In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis.
China’s finance ministry said it will begin exempting 65 U.S. goods from retaliatory tariffs implemented amid the bilateral trade dispute with the United States for one year starting Feb. 28.
Shares in Italy's biggest bank UniCredit fell more than 1% at open on Friday following reports Chief Executive Jean Pierre Mustier is being considered for the top job at rival HSBC .
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market.
Shares across the world fell on Friday and were set for their worst week in four as investors dumped riskier assets for the safety of bonds and gold, with coronavirus cases in China and elsewhere spreading.
Italian luxury leather goods maker Tod's made an "excellent" start to 2020 before the coronavirus hit sales but the situation could start to improve in the next few weeks, Chairman Diego Della Valle said on Friday.
Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus.