SEOUL (Reuters) – Samsung Electronics (005930.KS) vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday. Kang and others acted to obstruct the formation and activities of an independent trade union at affiliate Samsung Everland, an amusement park operator and part of Samsung C&T […]
European shares neared a record high on Friday on hopes of an orderly Brexit after a landslide election victory for British Prime Minister Boris Johnson and signs of a last-ditch trade deal between the United States and China. Markets believe a Conservative Party win would enable Johnson to deliver Brexit within weeks, easing fears of […]
LONDON/SYDNEY (Reuters) – Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon. The double dose of relief undercut safe-haven sovereign bonds and the Japanese yen and led markets […]
The federal labor board handed McDonald’s a major victory on Thursday, ordering a judge to approve a proposed settlement between the company and the government that the judge had previously rejected. Had the case, which was initiated during the Obama administration, been litigated further, it could have threatened the franchise business model by putting parent […]
The pound has surged after a closely-watched exit poll predicted the Conservatives had secured a majority in the general election. Sterling bounced from $1.3162 to beyond $1.34 – a gain of more than 2% – after the Ipsos Mori survey for Sky News, the BBC and ITV News was published. It followed a day of […]
WASHINGTON (Reuters) – The United States has reached a “phase-one” trade deal in principle with China, a source briefed on talks between the two nations said on Thursday, saying a statement from the White House was expected soon. Trump was scheduled to huddle with his top trade advisers at 2:30 p.m. (1930 GMT) on Thursday. […]
FRANKFURT (Reuters) – Jens Tischendorf, a partner at activist fund Cevian, will leave the supervisory board of Thyssenkrupp (TKAG.DE) after his five-year term ends next month, the ailing conglomerate said on Thursday. Tischendorf, who had been a member of the board since 2015, will not stand for re-election at the group’s next annual general meeting […]
BEIJING (Reuters) – China and the United States are in close communication on trade, officials in Beijing and Washington said, days before tit-for-tat tariffs are due to go into effect. U.S. President Donald Trump on Thursday said on the United States was “very close” to nailing down a trade deal with China. “Getting VERY close […]
DUBAI (Reuters) – Saudi Aramco’s (2222.SE) shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion. The share price at market open earlier on Thursday had been 38.7 riyals, lifting market value above the $2 trillion price tag long sought by Saudi Crown Price Mohammed bin Salman, Refinitiv […]
HONG KONG (Reuters) – Haier, the world’s biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home (600690.SS) list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of the matter said. Under the deal, Haier Smart […]