German retailer Kaufland drops Unilever products over price rises
The German food retailer Kaufland on Friday said that it was dropping Unilever products from its shelves to protest against price increases.
Global growth worries, U.S. government shutdown threat hit stocks
World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.
Japan Inc exit from nuclear exports would leave field to Russia, China
The possible withdrawal of Japanese conglomerates from nuclear export projects in Britain and Turkey would leave the nuclear newbuild industry open to Russian and Chinese state-owned companies as Western private firms struggle to compete.
SoftBank’s Vision Fund nearing $1.5 billion investment in SE Asia’s Grab: source
SoftBank Group Corp is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said.
Foxconn to build $9 billion chip plant in China with local govt: Nikkei
Taiwan’s Foxconn , Apple Inc’s iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about $9 billion, the Nikkei business daily reported on Fri…
Toshiba has no immediate plans to sell memory chip stake: CEO
Toshiba Corp has no immediate plans to sell its 40.2 percent stake in Toshiba Memory Corp, its chief executive told Reuters, as the world’s No. 2 producer of NAND flash memory chips prepares to go public within the next three years.
Growth fears and U.S. government shutdown threat slam stocks
World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.
SoftBank’s Vision Fund nearing $1.5 billion investment in South East Asia’s Grab: source
SoftBank Group Corp is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said.
Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention
Japanese prosecutors arrested Nissan Motor Co Ltd’s ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas.
Dollar set for biggest weekly drop in 10 months
The dollar consolidated overnight losses on Friday and is set for its biggest weekly drop in 10 months as the threat of a U.S. government shutdown and lower bond yields on the back of concerns of slowing economic growth weigh.
