China’s auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry
China’s major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Frid…
Indonesia’s Garuda asks to cancel $6 billion 737 MAX order, considers other Boeing jets: CFO
National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial Officer Fuad Rizal said on Friday.
Chinese smartphone firms jazz up products, seize turf in home market from Apple
Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds.
American Airlines pilots expect to test 737 MAX software fix in Boeing simulator
American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes.
Asian shares hit 6-1/2-month high on tech hopes, U.S. data
Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy.
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate…
Mexico could pay Pemex debt from $15 billion stabilization fund
Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex.
Hyundai shareholders reject Elliott’s $6.2 billion dividend request
Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.
Tesla’s Musk tells employees vehicle deliveries ‘primary priority’ near end of first quarter
Tesla Inc’s vehicle deliveries scheduled across Europe, China and North America should be a “primary priority” for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday.
American Airline pilots expect to test 737 MAX software fix in Boeing simulator
American Airlines Group Inc pilots expect to test Boeing Co’s 737 MAX software fix on the U.S. manufacturer’s simulators this weekend, officials from the pilots’ union told Reuters on Thursday, a key step in restoring pilots’ confidence in the aircraft…
