Asian shares flirt with six-week low as U.S. yields creep higher
TOKYO (Reuters) – Asian shares flirted with six-week lows on Thursday as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies for many years may be endangered by the threat of rising infla…
South Korea police say Samsung Chairman Lee suspected of tax evasion: Yonhap
SEOUL (Reuters) – South Korean police said Samsung Electronics Chairman Lee Kun-hee was suspected of evading tax for 8.2 billion won ($7.5 million), and of using bank accounts held by employees that held 400 billion won, Yonhap News Agency said on Thu…
U.S. IPOs start scraping through despite market jitters
(Reuters) – At least four companies managed to price their initial public offerings (IPOs) in New York on Wednesday, defying this week’s stock market volatility which led to three other stock market flotations being postponed.
LG Electronics plans to hike U.S. washer prices by 4-8 percent after tariffs
SEOUL (Reuters) – LG Electronics Inc said on Thursday it was planning to raise prices of its washing machines in the United States by about 4-8 percent, after the Trump administration slapped tariffs on large imported residential washers.
South Korea police names Samsung Chairman Lee as suspect for tax evasion: Yonhap
SEOUL (Reuters) – South Korean police named Samsung Electronics Chairman Lee Kun-hee as a suspect over allegations that he used bank accounts held in someone else’s name that held some 400 billion won ($368 million), Yonhap News Agency said on Thursda…
BlackRock plans to raise $10 billion for equity investments: source
(Reuters) – BlackRock Inc plans to raise about $10 billion as part of a new business that would take direct stakes in companies, according to a person familiar with the matter.
Asset manager Blackrock plans to raise over $10 billion – WSJ
(Reuters) – Blackrock Inc is planning to raise more than $10 billion to buy and hold stakes in companies, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Asian shares flirt with six-week low as U.S. yields creep up
TOKYO (Reuters) – Asian shares flirted with six-week lows on Thursday as U.S. bond yields crept up toward four-year highs as investors fretted that low borrowing costs enjoyed by companies for many years may be endangered by the threat of rising inflat…
Gundlach: Market unwind will be ‘turbulent,’ not over in a few days
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the “low rate-low volatility” market environment went on for so long that now “the unwind will be turbulent and not over in a couple of days.”
Before lawsuit, Uber fell out with ‘big brother’ Google, Kalanick testifies
SAN FRANCISCO (Reuters) – Just a few years ago, Uber Technologies Inc saw itself as the little brother to Alphabet Inc, but that cozy bond quickly dissolved into a turf war and ultimately a high-stakes legal battle, a jury heard on Wednesday.
