GM to sell closed South Korean plant to local parts maker for $99 million
South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s parent firm said in a regulatory filing.
A tax on a tax: U.S. customs demands bigger bonds as trade tariffs rise
Stephen Wang is counting the costs of President Donald Trump’s trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.
Exclusive: Goldman’s China-backed fund bucks trade tensions to buy U.S. firm
Goldman Sachs Group Inc invested money from China’s sovereign wealth fund in a California-based industrial company and is looking for more U.S. deals, three sources familiar with the matter said, even after increased scrutiny from Washington all but st…
Asian stocks gain on hopes of progress in U.S.-China trade talks
Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
SEC delays disputed plan to probe exchange pricing conflicts
The U.S. Securities and Exchange Commission on Thursday delayed a controversial plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, while the exchanges sue the regulator in an attempt to kill the experiment.
AstraZeneca could pay Daiichi Sankyo up to $6.9 billion in cancer drug deal
AstraZeneca Plc and Daiichi Sankyo Co Ltd signed a deal to develop and sell Daiichi’s cancer drug trastuzumab deruxtecan that could see the British drugmaker pay as much as $6.9 billion to its Japanese partner.
GM to sell closed South Korean plant to local consortium: sources
General Motors is expected to sign a deal to sell its shuttered factory in the South Korean city of Gunsan to a local consortium of auto parts makers, two sources with direct knowledge of the matter told Reuters on Friday.
Amazon Web Services to open infrastructure location in Colombia
(This March 28 story corrects third paragraph after Amazon corrects number of Latin America Edge locations from four to six.)
U.S., China resume trade talks in Beijing after ‘productive working dinner’
U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies.
China’s Huawei posts 25 percent rise in 2018 profit on smartphone sales
China’s Huawei Technologies, the world’s third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, buoyed by a solid performance in its home market and a booming smartphone business.
