Credit Suisse chairman says many shareholders back board on CEO exit
Credit Suisse Chairman Urs Rohner said many shareholders have backed the board following the departure of Chief Executive Tidjane Thiam in the fallout from a...
ArcelorMittal, commissioners extend talks on Italy’s Ilva plant: lawyer
ArcelorMittal and commissioners of the Ilva steelworks in southern Italy have agreed to extend talks to the end of the month after making progress towards...
Blue collar boom? College grads, baby boomers big winners in Trump’s economy
U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of...
Toyota keeps China plant output stopped through February 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...
Majority of U.S. firms in China see revenue hit from coronavirus: AmCham survey
The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift...
Hyundai Motor, Kia Motors to keep Chinese factories idled until February 16
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday....
Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workers
Amazon.com Inc sellers are bracing for product shortages as Chinese workers – worried about the fast-spreading coronavirus – may be unable or unwilling to return...
BP downstream boss Erginbilgic to leave next month
BP’s head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming...
Nissan’s China sales fell 12% in January as coronavirus epidemic weighs
Japanese carmaker Nissan said on Friday its sales in China, the world’s biggest auto market, fell by 11.8% in January year-on-year, as the Lunar New...
U.S. interest lifts shares in Huawei rivals Ericsson, Nokia
Shares in Ericsson and Nokia rose sharply on Friday, a day after a U.S. official suggested the United States should consider buying stakes in the...