Honda’s Philippine unit to close auto production plant
The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations.
Japan urges G20 members with fiscal scope to boost spending
Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday.
The ECB wants to talk to you about inflation. But will it listen?
For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet.
Buffett defends investments in stocks, which fueled record Berkshire profit
Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders po…
Markets underprice coronavirus risk: UBS chairman on Bloomberg TV
Markets are underpricing the risk that the coronavirus outbreak poses to the global economy, and central banks need to help business survive the impact of the virus, the chairman of Swiss lender UBS , Axel Weber, said.
RBC to launch U.S. consumer bank betting on wealthy clients
Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that be…
Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost
Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google , Amazon and Facebook , G20 officials said on Saturday.
Samsung Electronics confirms coronavirus case at phone factory complex in South Korea
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning.
France ready to hear U.S. proposal on digital tax
France is ready to listen to the U.S. administration’s proposal of offering U.S. companies a “safe harbor” from a new, international digital tax, its finance minister said on Saturday, while admitting that he still didn’t know what that meant in practi…
Samsung Electronics confirms one coronavirus case at phone factory complex in South Korea
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility.
