Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state – sources
South Korea’s Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra...
SEC’s shareholder advice proposal draws ire from Republican hedge fund donors
The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul...
Green protesters step up pressure on Siemens over coal mine project
Siemens came under increased pressure from climate change protesters and its own shareholders on Wednesday over a contract to supply an Australian coal mine, demanding...
Oil prices leap after reports on coronavirus drug
Oil prices jumped by more than 4% on Wednesday after media reports that scientists had developed a drug against the fast-spreading coronavirus that continues to...
Nasdaq opens at record high on private jobs data, virus treatment talks
Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight...
GM forecasts flat 2020 profit after a rough 2019; shares gain
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to...
Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding
Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir and is interested in doubling its holding in LATAM Airlines Group to...
U.S. trade deficit falls in 2019 for the first time in six years
The U.S. trade deficit dropped for the first time in six years in 2019 as the White House’s trade war with China curbed the import...
Ford shares fall 8% after disappointing 2020 profit outlook
Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also...
Adidas closes ‘considerable’ number of stores in China due to coronavirus
German sportswear company Adidas on Wednesday said it was temporarily shutting a “considerable” number of its stores in China due to the coronavirus outbreak which...