Asia stocks edge up on China stimulus hopes, oil near two-month lows
Asian stocks turned up on Wednesday as fresh signs of stimulus from China propped up sentiment despite Wall Street’s overnight losses, while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Deutsche Bank says to swing to profit in 2018 despite steep third quarter drop
Deutsche Bank on Wednesday said that it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership.
GM’s driverless car bet faces long road ahead
It’s one of the biggest bets going in the world of cars.
Ford names new China head to tackle daunting turnaround task
Ford Motor Co has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world’s biggest car market.
Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder
A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors & Fragrances Inc over two years, becoming the company’s top shareholder, Reuters has learned.
South Korea’s LG Display says trade wars weigh on global panel business
South Korea’s LG Display Co Ltd said trade conflicts would undermine the global panel business, as it posted a 76 percent fall in third-quarter profit on Wednesday despite a seasonal price boost.
Asia stocks struggle as global woes persist, oil near two-month lows
Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Ford appoints new China chief to tackle sales slump
Ford Motor Co has appointed a new head of China operations to help turn around flagging sales in the world’s largest auto market, filling a post that had been vacant since January after the firm’s previous China chief suddenly quit.
South Korea’s LG Display swings to third-quarter profit on seasonal price boost
South Korea’s LG Display Co Ltd posted a 76 percent fall in third-quarter profit on Wednesday compared with a year earlier, after two quarters of consecutive losses, helped by higher seasonal panel prices.
Asia stocks edge up as Wall St. shows resilience, oil near two-month lows
Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases.
