Impact of ‘Yellow Vests’ protests on French and European companies
The “yellow vests” movement – named after the fluorescent jackets French motorists have to carry in their vehicles – started in mid-November as a protest against a fuel tax but has since grown into a broader backlash against President Emmanuel Macron’s…
China’s Geely says it has not sold Daimler shares, denies Bloomberg report
China’s Geely Group [GEELY.UL] said it has not sold any shares in Daimler AG , denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half.
China banks’ bad loan ratio climbs to 10-year high at end-2018
Chinese commercial banks’ non-performing loan (NPL) ratio hit a 10-year high of 1.89 percent at the end of last year amid an economic slowdown, an official with the country’s banking regulator said on Friday.
China retailers slash iPhone prices after Apple sales warning
Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning.
Exclusive: Lessors to India’s troubled Jet Airways consider taking back planes -sources
Crisis talks between India’s cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.
Geely cuts its Daimler stake by more than half: Bloomberg
Chinese billionaire Li Shufu’s Geely Group cut its 9.7 percent stake in carmaker Daimler AG by more than half, Bloomberg reported on Friday, citing people familiar with the matter.
BMW says group sales up 1.1 percent in 2018
BMW’s group sales went up 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company said on Friday, adding that it expected a slight increase this year despite challenging market conditions.
Indonesia’s plans to regulate ride-hailing rates threaten Grab, Go-Jek models
Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion.
Ghosn lawyers seek bail after ex-Nissan chief indicted on two new charges
Defense lawyers for Nissan ex-Chairman Carlos Ghosn said they will seek his release on bail after Tokyo prosecutors indicted him on Friday on two new charges of financial misconduct.
China’s Wanda files for U.S. IPO of sports unit to raise up to $500 million: sources
Chinese conglomerate Dalian Wanda Group has filed confidentially for a U.S. initial public offering of its sports unit that could fetch up to $500 million, according to sources with direct knowledge of the matter.
