China Geely Auto’s full-year profit jumps 18 percent, shares climb

China Geely Auto’s full-year profit jumps 18 percent, shares climb
BEIJING (Reuters) – China’s Geely Automobile Holdings posted an 18 percent jump in annual net profit, driven by higher sales of its sedans and sports utility vehicles (SUVs), but forecast flat sales growth in 2019 due to uncertainty about domestic demand. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China... Read More

China’s Geely posts 18 percent profit jump, predicts flat 2019 sales

China’s Geely posts 18 percent profit jump, predicts flat 2019 sales
BEIJING (Reuters) – China’s Geely Automobile Holdings Ltd said higher sales of its sedans and sports utility vehicles (SUVs) drove 2018 net profit up 18 percent, but forecast flat sales growth for this year due to uncertainty about overall domestic demand. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China... Read More

Short & distort? The ugly war between CEOs and activist critics

Short & distort? The ugly war between CEOs and activist critics
NEW YORK (Reuters) – On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit. Joshua Mitts, Associate Professor of Law at Columbia University in New York City, is seen in this undated photo released from New York, NY, U.S., March 8, 2019. Courtesy Sam Hollenshead/Columbia Law... Read More

China’s Geely says 2018 net profit climbs 18 pct on higher revenue

China’s Geely says 2018 net profit climbs 18 pct on higher revenue
FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – China’s Geely Automobile Holdings Ltd said on Thursday higher sales drove its 2018 net profit up 18 percent, even as growing political uncertainty affected overall domestic demand. The company, which is China’s... Read More

Indonesia’s Lion Air starts work on $1 billion IPO: Bloomberg

Indonesia’s Lion Air starts work on $1 billion IPO: Bloomberg
FILE PHOTO: A Lion Air passenger plane sits on the tarmac of Tjilik Riwut Airport in Palangkaraya, central Kalimantan, Indonesia November 1, 2015. REUTERS/Darren Whiteside (Reuters) – Indonesian carrier Lion Air has started working on $1 billion domestic initial public offering (IPO), Bloomberg reported on Thursday citing sources, as it seeks to move past the crash in October last year... Read More

South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

South Korean watchdog cuts fine on Qualcomm after decade-old legal battle
A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song SEOUL (Reuters) – South Korea’s antitrust regulator has lowered a decade-old penalty imposed on U.S. chipmaker Qualcomm Inc by 18 percent to $200 million, the Korea Fair Trade Commission (KFTC) said on Thursday.... Read More

Dovish Fed shift lifts Asian shares, dollar nurses losses

Dovish Fed shift lifts Asian shares, dollar nurses losses
SHANGHAI (Reuters) – Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains. FILE PHOTO: Passersby walk past in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 28, 2018.... Read More