Hyundai Motor, Kia Motors to keep Chinese factories idled until February 16
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday.
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday.
Amazon.com Inc sellers are bracing for product shortages as Chinese workers - worried about the fast-spreading coronavirus - may be unable or unwilling to return to idled factories.
Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.
BP's head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland's second-biggest bank over a damaging spying scandal.
Nagging coronavirus worries took a swipe at world markets on Friday, though that wasn’t going to stand in the way of the best week for stocks since June and the strongest for the dollar since August.
Shares in Ericsson and Nokia rose sharply on Friday, a day after a U.S. official suggested the United States should consider buying stakes in the telecom equipment makers to counter China-based Huawei's dominance in 5G wireless technology.
ArcelorMittal and commissioners of the Ilva steelworks in southern Italy have agreed to extend talks to the end of the month after making progress towards a possible deal to buy the plant, a lawyer for the company said on Friday.
U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the "1%" since he became president.
AbbVie Inc on Friday forecast 2020 earnings above Wall Street estimates as the drugmaker expects growth to be powered by its new treatments for psoriasis and rheumatoid arthritis at a time when sales of its blockbuster drug Humira slow.
Societe Generale studied the impact on companies following an ESG high controversy event, finding that stocks typically underperformed by 12% over the following two years.
U.S. interest in Ericsson is logical given that it is one of only a few companies offering a complete portfolio for the rollout of super-fast 5G mobile telecoms networks, Sweden's Minister for Energy and Digital Development said on Friday.
U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street's main indexes to record highs, with attention turning to the crucial monthly jobs report.
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland's second-biggest bank, triggered by a damaging spying scandal.