Aviva’s UK insurance boss to step down, management review to begin
British insurer Aviva said on Wednesday that Andy Briggs, head of its UK insurance business, was stepping down from the company, just weeks after missing out on its top job to newly installed Chief Executive Maurice Tulloch.
Japan’s Softbank to buy 5.6 percent of Wirecard for around $1 billion
Japan’s Softbank Group Corp will buy a 5.6 percent stake in German payments company Wirecard by acquiring convertible bonds worth around 900 million euros ($1.01 billion), Wirecard said in a statement on Wednesday.
Australian retail shareholder group says to vote against AMP pay proposals
Australia’s most prominent retail shareholder group said on Wednesday it will vote against AMP Ltd’s executive pay proposals for a second straight year, adding to pressure on the board of the country’s largest listed wealth manager.
Samsung Elec to invest $9.6 billion annually in logic chips until 2030
Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period.
Hyundai Motor profit jumps as South Korea, U.S. sales offset China slump
South Korea’s Hyundai Motor reported a better-than-expected 24 percent jump in net profit for the January-to-March quarter, as improved business at home and the United States helped offset weaker sales in China.
Asian shares fall despite strong Wall Street; dollar near 22-month high
Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing.
Samsung Electronics to invest $9.6 billion annually in logic chips until 2030
Samsung Electronics said on Wednesday that it would invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business.
Adding to Ghosn woes, Nissan set to further slash profit outlook: report
Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA.
Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan
Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said it would expand its taxi-hailing service to 13 cities across Japan.
Tesla upgrades Model S, X cars, brings backs cheaper variants
Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed.
