Geely Auto shares surge on news of chairman’s stake in Daimler
HONG KONG (Reuters) – Geely Automobile Holdings Ltd shares jumped as much as 8.8 percent after its chairman Li Shufu said he had built up a near 10 percent stake in Germany’s Daimler – a $9 billion bet that he can access the Mercedes-Benz owner’s tec…
Asian shares turn cautious, dollar loses early edge
SYDNEY (Reuters) – Asian share markets were in a cautious mood on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.
China leasing firm Huarong orders 50 Comac jets
SHANGHAI (Reuters) – Commercial Aircraft Corp of China Ltd (COMAC) said on Monday that a domestic leasing firm had placed an order for 30 of its C919 passenger aircraft and 20 smaller ARJ21 jets.
Sino-Ocean Group says Anbang not planning to cut stake after government takeover
HONG KONG (Reuters) – Sino-Ocean Group Holding Ltd said on Sunday Anbang Insurance Group Co Ltd had no plans to trim its stake in the company, and that the Chinese government’s takeover of the insurer would not impact its business.
Few phone makers will survive industry’s brutal economics: Huawei
BARCELONA (Reuters) – The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China’s Huawei Technologies [HWT.UL]…
Asian shares edge higher, yen eases
SYDNEY (Reuters) – Asian markets were in a guardedly upbeat mood on Monday, heading into an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.
Oil steady near two-week high as Saudi to keep export curbs
TOKYO (Reuters) – Oil prices held little changed near two-week highs early on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.
Alibaba turns heads as it joins Games sponsorship waltz
PYEONGCHANG, South Korea (Reuters) – The Olympic movement’s new Chinese global sponsor, e-commerce group Alibaba, came to the Pyeongchang Winter Games promising to revolutionize the experience for spectators, from buying tickets to souvenirs.
General Electric to restate two years of earnings
(Reuters) – General Electric , the United States’ largest industrial conglomerate, will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing on Friday.
Mexican finance minister, Pemex chief to meet investors in New York
MEXICO CITY (Reuters) – Mexico’s finance minister and the head of the state oil firm will meet investors in New York in the next few days, the company said on Sunday, at a time of political uncertainty over the future of the opening of the sector to pr…
