Uniqlo founder Yanai resigns as SoftBank board member
SoftBank Group Corp said on Friday Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing , would resign as external board member at the end of the month after 18 years to focus on his fashion business.
U.S. energy shareholders seek to leave behind a lost decade
The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector’s transformation from invest…
Astellas ramps up M&A, buys U.S. biotech Xyphos for as much as $665 million
Astellas Pharma Inc has bought U.S.-based Xyphos Biosciences Inc to expand its immuno-oncology business, a deal worth up to $665 million including potential development milestones and its second acquisition announced this month.
China’s industrial profits grow at fastest in eight months, but sustained recovery uncertain
Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year.
Hyundai Development says consortium closes $2.2 billion acquisition of Asiana Airlines
South Korean builder Hyundai Development Co said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country’s second-biggest carrier Asiana Airlines Inc .
China’s November industrial profits rebound, but soft demand still a risk
Profits at China’s industrial firms in November grew at the fastest pace in eight months, breaking a three-month declining streak, as production and sales quickened, but broad weakness in domestic demand remains a risk for earnings next year.
Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing.
Asian shares hit 18-month top in festive cheer; oil, gold hold gains
Asian shares scaled an 18-month high on Friday while oil prices stayed buoyant in a holiday-shortened week, as investor optimism improved on hopes a U.S.-China trade deal would soon be signed.
China’s November industrial profits rise 5.4% year-on-year
Profits at China’s industrial firms in November grew 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion), the National Bureau of Statistics said on Friday.
Peru watchdog says McDonald’s franchisee Arcos Dorados violated safety laws
Peru´s labor watchdog has found McDonald’s Corp´s Latin America franchisee Arcos Dorados guilty of six “very serious” violations of local safety and health laws following the deaths of two employees in a restaurant kitchen.
