Asian shares up as MSCI weighting plan lifts China
Asian shares edged up on Friday after index publisher MSCI announced it would raise the weight of Chinese mainland shares in its global benchmarks, while strong U.S. economic data lifted the dollar.
Norway’s Aker BP switching gears from M&A to exploration
Norwegian oil and gas company Aker BP is switching emphasis from M&A toward exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.
German juggernaut may face economic jam as tariffs and Brexit loom
Germany faces the risk of steep U.S. tariffs on cars and a no-deal Brexit, a double whammy which could bring a golden decade of growth in Europe’s powerhouse economy to an end.
Private equity investors fret about managers overpaying for deals
Some of the world’s biggest private equity investors raised concerns this week that the $3.4 trillion leveraged buyout industry is overheating, as more fund managers pay top dollar for acquisitions that could prove costly down the line.
Japan’s Subaru plans biggest-ever global recall over brake lights
Subaru Corp plans to recall around 2.3 million vehicles globally over a brake light problem, in what would be the automaker’s biggest-ever recall as it grapples with a series of quality-related issues following rapid expansion.
Canada seen approving extradition hearing against Huawei executive
Canada is likely to announce on Friday that an extradition hearing against a Huawei Technologies Co Ltd executive can proceed, legal experts said, worsening already icy relations with Beijing.
Growing China downdraft chills Asia factory activity
Weak demand in China and growing global fallout from the Sino-U.S. trade war took a heavier toll on factories across much of Asia in February, business surveys showed on Friday.
China P2P lender Dianrong closing 60 stores, laying off 2,000 employees: source
Dianrong, one of China’s biggest peer-to-peer (P2P) lenders, is shutting down 60 of its 90 offline stores and laying off an estimated 2,000 employees, a source with direct knowledge of the matter told Reuters on Friday.
Southwest takes mechanics union to court over flight disruption
Southwest Airlines filed a lawsuit against its mechanics union on Thursday, accusing the workers of an illegal campaign to disrupt operations in order to improve their position in prolonged labor talks.
Pompeo says world should have eyes wide open about Chinese tech risks
U.S Secretary of State Mike Pompeo said on Friday that the world should be “eyes wide open” about the risks of using Chinese technology, and that there could be problems for American firms operating in certain places where Huawei equipment was deployed…
