Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported.
Daimler warns 2019 profits to halve as problems deepen
German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry’s diesel emissions scandal, heavy investment in electric vehicles and production problems.
Activist investor calls on Toshiba Machine to put defense plans before shareholders
Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co hold an extraordinary shareholders meeting to discuss its plans to introduce defense measures against a hostile takeover.
Trump says middle class tax cut to be announced over next 90 days: Fox Business
U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.
Major 737 MAX buyer Air Lease remains confident in demand for jet
Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing’s grounded 737 MAX, remains confident in the jet’s long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return.
Airbus flies to record highs, TUI falls after latest Boeing blow
Airbus’ shares rose to record highs on Wednesday, after its U.S. arch rival Boeing warned of new issues with the Boeing 737 MAX plane, while customers and suppliers slumped after the latest blow from the U.S. aerospace company.
Trump says Fed raising rates was a mistake: CNBC
The United States’ economy would be growing at a pace near 4% if wasn’t for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday.
Stocks shake off China virus worries, dollar gains
World stock markets looked to be getting back to full strength on Wednesday, as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Sainsbury’s turns to retail boss as CEO checks out
Sainsbury’s has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket group’s failed bid for rival Asda who will step down in May after six years at the helm.
Oil slides as IEA surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns about disruptions that have slashed Libya’s crude output.
