Exclusive: South Korea’s KDB, GM Korea may sign preliminary funding deal by April 27
SEOUL (Reuters) – Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co’s troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the lender s…
Nestle, retailers nearing compromise in price row: source
ZURICH (Reuters) – Swiss food group Nestle and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday.
Sterling and metals shine brightest as risk appetite returns
LONDON (Reuters) – A gradual return of risk appetite lifted world shares on Tuesday, while there were milestones aplenty as sterling hit a post-Brexit high and U.S. sanctions on Russia drove aluminum prices to a 7-year peak.
U.S. strike on China’s ZTE another blow for Qualcomm
SHANGHAI/BEIJING (Reuters) – A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for …
Exclusive: South Korea may sign GM Korea funding deal by April 27 – KDB chair
SEOUL (Reuters) – Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co’s troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the state-ru…
U.S. ban on sales to China’s ZTE opens fresh front as tensions escalate
LONDON/NEW YORK/HONG KONG (Reuters) – The United States has banned American firms from selling parts and software to China’s ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world’…
Exclusive: South Korea’s KDB eyeing deal by April 27 to inject funds into GM Korea
SEOUL (Reuters) – Korea Development Bank (KDB) plans to sign a preliminary deal by April 27 to financially support General Motors’ troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of state-run KDB sa…
Nestle, Edeka negotiating new pact after striking deal in price row: FAZ
ZURICH (Reuters) – Swiss food group Nestle and German grocer Edeka have reached a tentative compromise in their months-long price fight and are now negotiating details of a new contract, Frankfurter Allgemeine Zeitung reported on Tuesday.
Asia stocks waver after China data, earnings in focus
TOKYO (Reuters) – Asia stocks wavered on Tuesday after data showed both hot and cold patches in the Chinese economy, but losses were limited as investors turned their focus to corporate earnings from Syria.
Asia stocks edge up on steady China GDP, earnings in focus
TOKYO (Reuters) – Asia stocks rose modestly on Tuesday following data showing China’s economy grew a little faster than expected in the first quarter.
