Trump, Xi reaffirm backing for Phase 1 of U.S.-China trade deal
U.S. President Donald Trump expressed confidence in China’s strength and resilience in confronting its coronavirus outbreak during a conversation with President Xi Jinping on Thursday, a White House spokesman said.
Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources
Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter.
Honda to keep vehicle plants in Wuhan suspended through Feb. 13
Honda Motor Co said Friday it will keep operations at its vehicle plants in Wuhan, China, suspended through Feb. 13, as previously planned.
Toyota keeps China plant output stopped through Feb. 16 as virus hits supply, logistics
Toyota Motor Corp on Friday said production at all of its China plants would remain suspended through Feb. 16, joining a growing number of automakers facing stoppages due to supply chain issues as the coronavirus spreads.
South Korea asks China for help in resuming production at auto parts plants
The South Korean government said on Friday it has asked Chinese regional governments for help in resuming production at South Korean auto parts suppliers’ factories in China.
Boeing’s botched Starliner test flirted with ‘catastrophic’ failure: NASA panel
Boeing narrowly missed a “catastrophic failure” during its December flight test of an unmanned space taxi that was cut short by an unrelated problem, a NASA safety review panel said Thursday, recommending that the agency examine Boeing’s software verif…
Rally in stocks runs out of steam as coronavirus toll climbs
Asian share markets fell on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak snuffed out a late-week rally.
ViacomCBS to launch new streaming platform: source
ViacomCBS Inc is preparing to launch a subscription streaming video service that will combine the free and paid services of CBS, programming from brands including MTV, Nickelodeon, Comedy Central and BET as well as films from the Paramount movies studi…
Hedge fund Elliott Management builds $3 billion stake in SoftBank: sources
Hedge fund Elliott Management Corp, one of the world’s most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese conglomerate’s value, sources said.
Uber sees profit by end of 2020, but still expects full-year loss
Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year.
