BMW says no plans to develop compact vehicle with rival: CFO

BMW says no plans to develop compact vehicle with rival: CFO
FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW, addresses the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder SHANGHAI (Reuters) – BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker. “We have no plans to develop a smaller car... Read More

Asia stocks hover below nine-month high after Wall Street stalls

Asia stocks hover below nine-month high after Wall Street stalls
TOKYO (Reuters) – Asian stocks hovered below a nine-month high on Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,... Read More

General Motors bets a GEM can deliver gold in developing markets

General Motors bets a GEM can deliver gold in developing markets
DETROIT (Reuters) – General Motors Co has spent five years re-writing its playbook for making money in Latin America and the interior of China. Now, it’s show time for the first results of a project code-named GEM, for Global Emerging Market. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state,... Read More

Japan telco shares jump after Docomo announces smaller-than-feared price cuts

Japan telco shares jump after Docomo announces smaller-than-feared price cuts
FILE PHOTO: The logo of NTT Docomo is seen at its flagship shop in Tokyo, Japan June 30, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Shares in Japan’s big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war. NTT Docomo shares were up 3.5 percent in early Tokyo trading, with... Read More

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido/File Photo The sale of... Read More

Foxconn says Gou will remain chairman, to withdraw from daily operations

Foxconn says Gou will remain chairman, to withdraw from daily operations
FILE PHOTO: Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, attends a session of the second annual World Internet Conference in Wuzhen town of Jinxing, Zhejiang province, China, December 16, 2015. REUTERS/Aly Song/File Photo (Reuters) – Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said Terry Gou will remain chairman of the world’s largest contract manufacturer, although he plans... Read More

Asia stocks hover below nine month peak after Wall Street stalls

Asia stocks hover below nine month peak after Wall Street stalls
TOKYO (Reuters) – Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China... Read More