Lost in translation? GM plant shutdown shocks South Korea
SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making lo…
Exclusive: Walmart in talks to buy more than 40 percent of India’s Flipkart – sources
MUMBAI (Reuters) – Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday.
Audi chairman says reports about ouster of CEO Stadler are false
BERLIN (Reuters) – Audi Chairman Matthias Mueller said on Friday that reports about an imminent ouster of Chief Executive Rupert Stadler are false.
Volkswagen’s Audi unit head Stadler to leave in April: Bild
FRANKFURT (Reuters) – The chief executive of Volkswagen’s luxury unit Audi, Rupert Stadler, will be replaced in April because of his unsuccessful handling of the diesel emissions scandal, German daily Bild reported on Friday.
As mining investors push caution, Glencore differs from rivals
TORONTO/MELBOURNE (Reuters) – As shareholders push the world’s cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.
Pot Pharm: Booming Canada weed sector plots next-wave medicines
TORONTO (Reuters) – Canopy Growth Corp, one of the world’s biggest medical marijuana producers, now wants to take on the world’s pharmaceutical giants.
Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle
MEXICO CITY (Reuters) – When a Mexican real estate investment trust bought four hotels along the country’s Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government’s recent energy reform to attract droves o…
Hackers stole $6 million in attack on SWIFT system, Russian central bank says
MAGNITOGORSK, Russia (Reuters) – Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.
SEC denies Chicago Stock Exchange sale to China-based investors
(Reuters) – U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor th…
Asian shares extend bounce to fifth day, dollar sags to three-year low
TOKYO (Reuters) – Asian shares rose for a fifth straight day on Friday as investor confidence slowly returns after a sharp sell-off earlier in the month, while the dollar continued its descent, hitting a three-year low against a basket of major currenc…
