Exxon Mobil expects profit to grow over $4 billion from 2019 to 2020
Exxon Mobil Corp expects its earnings to grow by more than $4 billion between 2019 and 2020, the U.S. oil major said in a presentation https://exxonmobil.co/2EQeWMK on Wednesday.
Hyundai may suspend production at one of its Chinese plants as slowdown bites
Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market.
‘We need it now’: U.S. farm country pins hopes on China trade deal
Corn and soybean farmer Lorenda Overman from North Carolina has been selling her crops at a loss and delaying paychecks to her workers since the U.S. trade war with China tanked agriculture prices, and her farm’s debt recently topped $2 million.
Czech cyber watchdog says its Huawei warning took U.S. by surprise
The Czech cyber-security watchdog was not pressured by the United States or anyone else into issuing its warning about the possible security risks posed by Chinese telecoms equipment maker Huawei, Prague’s cyber attache to Washington told Reuters.
Chinese stock surge fails to ignite broader markets rally
Chinese shares surged to a nine-month high on Wednesday bolstered by hopes of more stimulus measures from Beijing, but the rally failed to fuel broader gains in global markets as investors waited for fresh central bank cues.
Ousted Nissan boss Ghosn leaves Japan jail after $9 million bail
Ousted Nissan boss Carlos Ghosn walked out of a Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving closer to mounting a defense against financial misconduct charges that he has called “meritless”.
Ford to revise Russia business plans by year-end: ministry
Russia’s industry ministry expects Ford Motor Co to make decisions this year stemming from a review of its business in Russia, the ministry told Reuters on Wednesday.
Dialog Semi sees core business growing post-Apple deal, shares rally
Dialog Semiconductor forecast revenues will drop this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple, but still won market plaudits as it said its remaining business would grow strongly.
China stimulus plans fails to lift world stocks; Aussie tumbles
World stocks consolidated gains on Wednesday after hitting a 4-1/2 month high last week as investors shrugged off reports of fresh China stimulus, while the Australian dollar took a knock from poor growth figures.
Hyundai Motor may suspend its oldest factory in China
Hyundai Motor Co is considering suspending its oldest plant in China, it said on Wednesday, as the South Korean automaker reels from tumbling sales and massive overcapacity in its biggest market.
