Credit Suisse CEO sees conditions improving after tough fourth quarter
Credit Suisse is seeing market conditions improve after a tough fourth quarter, Chief Executive Tidjane Thiam said on Tuesday as rival UBS reported disappointing fourth-quarter results.
Foxconn says trying to hire 50,000 people in first quarter after job cut reports
Taiwan’s Foxconn , assembler of Apple Inc’s iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs.
Foxconn says there is a need to hire 50,000 people in first quarter after job cut reports
Taiwan’s Foxconn , assembler of Apple Inc’s iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid reports of mass lay-offs across its factories in China.
Toyota, Panasonic announce battery venture to expand EV push
Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world’s largest automakers and battery makers to expand their EV push.
KPMG subject of second UK investigation over Carillion audit
Britain’s Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday.
China’s Lishen says has not signed agreement with Tesla on supplying batteries
China’s Tianjin Lishen said on Tuesday it has not signed any agreement with Tesla Inc on supplying batteries to the U.S. electric vehicle maker’s Shanghai factory.
UBS sees bumpy road ahead after fourth-quarter profit miss
UBS warned of a tough start to 2019 after fourth-quarter earnings fell short of expectations in conditions Chief Executive Sergio Ermotti described as “historically tough”.
Canada should ban Huawei from 5G networks, says former spy chief
Canada should ban China’s Huawei Technologies Co Ltd from supplying equipment to Canadian 5G networks because the security risk is too great, a former spy chief said in an article published on Monday.
Oil prices drop as China economic slowdown threatens to spread
Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand.
Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed
Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.
