Foxconn’s Gou says may run for Taiwan president, step back from daily business
Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer.
HNA unit CWT International defaults on $179 million loan, faces asset seizure
CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.
Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim
The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 billion judgment against Chevron Corp anywhere in the world, the U.S. oil m…
Daimler: Mercedes sells more than 600 Maybach models a month in China
Daimler’s China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world’s biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach.
Oil prices extend losses as oversupply worries drag
Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global production.
Foxconn chairman to withdraw from daily operations, considers presidential run
Foxconn’s Chairman Terry Gou said on Tuesday he is considering contesting Taiwan’s 2020 presidential election and the company said he would withdraw from the daily operations of the world’s largest contract manufacturer.
Foxconn chairman mulls presidential bid; plans to withdraw from daily ops
Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer.
BMW says no plans to develop compact vehicle with rival: CFO
BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker.
The uphill road: battery limitations to test China’s electric vehicle ambitions
It took one 330 kilometer trip from Chongqing to Chengdu in his Nio ES8, a seven-seater all-electric SUV, for its owner Wang Haichun to be consumed with buyer’s remorse.
Asia stocks hover below nine-month high after Wall Street stalls
Asian stocks hovered below a nine-month high on Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses.
