China’s Didi launches credit, crowdfunding services in diversification push
China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals.
Oil falls in first day of 2019 trading as supply surges, economy slows
Oil prices fell on Wednesday on the back of surging U.S. crude production and concerns about an economic slowdown in 2019, as China’s factory activity showed signs of contraction.
Asian shares blindsided by dismal China data
Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures
South Korean ‘forced labor’ plaintiffs seek Nippon Steel asset seizure: newspaper
South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, a South Korean newspaper reported on Wednesday.
China December factory activity shrinks for first time in 19 months: Caixin PMI
China’s factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world’s second-largest economy in 2019.
Oil starts 2019 with gains, as traders gear up for volatile year
Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply and concerns about a global economic slowdown.
Hyundai scion emerges from father’s shadow, says to complete ownership revamp
The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formally take over from his father at the helm of South Korea’s second-biggest conglomerate.
Asia takes heart from New Year gains in U.S. stock futures
Asian shares crept cautiously higher on the first trading day of the new year as early gains in U.S. stock futures spoke of some improvement in risk appetite.
U.S. oil prices rise by 1 percent amid expectations of volatile 2019
U.S. oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring U.S. crude supply and concerns of an economic slowdown.
Fatalities on commercial passenger aircraft rise in 2018
The fatality rate on passenger jet aircraft worldwide jumped in 2018 after airlines recorded zero accident deaths on passenger jets in the prior year, according to a Dutch consulting firm and an aviation safety group.
