Top investors lose $1 billion as China’s Nasdaq-style board reverses on day two

Top investors lose $1 billion as China’s Nasdaq-style board reverses on day two
SHANGHAI (Reuters) – The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board’s roaring debut created three new billionaires. FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies... Read More

LG Display says to diversify suppliers due to South Korea-Japan spat

LG Display says to diversify suppliers due to South Korea-Japan spat
SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry. FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo... Read More

Diversity helps UBS defy banking gloom with profit rise

Diversity helps UBS defy banking gloom with profit rise
ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo Switzerland’s biggest bank also said gains in its... Read More

China’s BAIC buys 5% Daimler stake to cement alliance

China’s BAIC buys 5% Daimler stake to cement alliance
FILE PHOTO: An employee works on an assembly line producing Mercedes-Benz cars at a factory of Beijing Benz Automotive Co. (BBAC) in Beijing, China, August 31, 2015. REUTERS/Kim Kyung-Hoon/File Photo FRANKFURT (Reuters) – China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler (DAIGn.DE), cementing its relationship with the German carmaker after China’s Zhejiang Geely Holding... Read More

South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut

South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. The Apple Inc (AAPL.O) supplier’s... Read More

South Korea’s LG Display posts deeper second-quarter operating loss, misses estimates

South Korea’s LG Display posts deeper second-quarter operating loss, misses estimates
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. The Apple Inc (AAPL.O) supplier’s... Read More

Australian regulator moves to prescribe stricter terms for executive pay

Australian regulator moves to prescribe stricter terms for executive pay
SYDNEY (Reuters) – Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector. FILE PHOTO: A woman carries a shopping bag as she walks with other pedestrians along a street on a spring day in... Read More

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’
AARHUS, Denmark (Reuters) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks. FILE PHOTO: View of Aboulevarden in the centre of the city of Aarhus, Denmark July 10, 2019.... Read More