Grab in advanced talks to buy into Uber’s Southeast Asia business: source
SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from a…
Daimler buys 3.93 percent stake in BAIC electric car subsidiary
FRANKFURT (Reuters) – Daimler said on Thursday it would deepen its cooperation with China’s BAIC Group in the area of new energy vehicles, even as rival Geely seeks to gain access to the German carmakers’ electric vehicle technologies.
Grab in advanced talks to buy some of Uber’s Southeast Asia businesses: source
SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region and offer a stake in itself, said a source with knowledge of the talks, in a move that wo…
South Korea to offer $225 million loan to ease hit from GM fallout, corp restructuring
SEOUL (Reuters) – South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors’…
Asian shares find solace in hopes of smaller Trump tariffs
TOKYO (Reuters) – Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include exemptions for key partners.
With Venezuelan hyperinflation, multinationals buck price controls
VALENCIA, Venezuela/CARACAS (Reuters) – When Colgate-Palmolive Co’s Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the government of Presiden…
China warns of ‘necessary response’ in event of trade war with U.S.
BEIJING (Reuters) – China will respond as necessary in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides.
Trump plans to offer Canada, Mexico 30-day tariff exemption: official
WASHINGTON (Reuters) – U.S. President Donald Trump plans to offer Canada and Mexico a 30-day exemption from planned tariffs on steel and aluminum imports, which could be extended based on progress in NAFTA talks, a White House official said on Wednesda…
Apple finds more serious supplier problems as its audits expand
(Reuters) – Apple Inc said on Wednesday it had found a higher number of serious violations of its labor and environmental policies for suppliers, such as falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers…
Boeing air tanker delivery likely delayed again: U.S. Air Force
(Reuters) – The U.S. Air Force said the first delivery of KC-46 aerial refueling tankers from Boeing Co , scheduled for the second quarter of 2018, would more likely occur late in the year.
