Exclusive: Trump calls meeting on biofuels policy after refiner bankruptcy
NEW YORK (Reuters) – U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed…
China seizes control of Anbang Insurance as chairman prosecuted
BEIJING/SHANGHAI (Reuters) – The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, dramatically illustrating Beijing’s willingness to curtail big-spending conglomerates as it cracks …
GM Korea seeks to trim benefits, wages: internal letter
SEOUL (Reuters) – General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter that Reuters reviewed on Fr…
Asia shares rebound as fidgety U.S. rate fears shift again
SYDNEY (Reuters) – Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as investors dipped their toes back into riskier assets.
With Easy Ride trial, Nissan takes new step toward being Uber competitor
YOKOHAMA (Reuters) – Facing a future in which self-driving cars may curb vehicle ownership, Nissan Motor Co is taking its first steps to becoming an operator of autonomous transportation services, hoping to break into a segment set to be dominated by U…
GM to propose wage freeze, no bonuses for South Korean workers this year
SEOUL (Reuters) – General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Fri…
Asia shares rebound as fidgety U.S. rate fears ebb again
SYDNEY (Reuters) – Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the safe-haven yen held on to its gains amid heightened volatility across markets.
Regulator in China seizes control of Anbang as chairman prosecuted
BEIJING/SHANGHAI (Reuters) – The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlighted Beijing’s willingness to curtail big-spending conglomerates as it …
Airbnb CEO pledges to take more responsibility for impact to housing
SAN FRANCISCO (Reuters) – Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighbo…
China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted
BEIJING/SHANGHAI (Reuters) – Anbang Insurance Group Co Ltd, one of China’s biggest insurance conglomerates, has been taken over by the country’s insurance regulator for one year, and its chairman has been prosecuted for economic crimes.
