Feb 21, 2018 1:33
General Motors has proposed a $2.8 billion investment over the course of ten years to save its branches in South Korea, according to government officials. This comes after the announcement that one of its four branches in the country was closing down a week before.
Feb 21, 2018 2:05
South Korea's president called them the 'Peace Olympics' for the symbolism on display between the two Koreas at the Pyeongchang Winter Olympics. But Reuters' Liana Baker says sponsors are concerned picking up that message puts them too close to a hot-button issue.
Feb 20, 2018 1:26
Guess Inc (GES.N) said on Tuesday its co-founder Paul Marciano will give up his day-to-day responsibilities at the company on an unpaid basis pending the completion of a probe into accusations of improper conduct.
Feb 20, 2018 1:08
HSBC posted pre-tax profits of $17.2bn on Tuesday, a 142 per cent jump helped by an absence of the restructuring costs that marred it results a year earlier - but still lower than expectations, partly due to a U.S. tax overhaul.
Feb 19, 2018 1:06
Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney declared on Monday.
Feb 16, 2018 1:24
A record number of large-scale pig farms are expected to be built in China this year as it shifts a big chunk of its pork production from backyard pig pens to automated, intensive hog barns.
Feb 16, 2018 2:01
South Korea is a linchpin to General Motors' international efforts. Now, sources in that country say that the surprise closure of a GM factory and uncertain future for its other operations came as a shock to the Seoul government, who was in negotiations to keep the company afloat.
Feb 15, 2018 1:28
Billionaire investor Warren Buffett's Berkshire Hathaway has upped its investment in Apple, which now tops its holdings.
Feb 15, 2018 1:03
12 'passengers' on Japan's First Airlines take off from central Tokyo on a "virtual flight" to Paris, complete with a four-course dinner and a virtual reality (VR) tour of the City of Lights.
Feb 14, 2018 2:03
Tesla’s Model 3 production delays aren’t just testing the patience of die-hard fans who lined up to reserve one nearly two years ago, but is also helping the sales of its direct competitor, the Chevy Bolt.
Feb 14, 2018 1:48
Japan's economy has grown for the eighth straight quarter, something not seen in almost three decades. Shoppers are behind this latest boost, spending up big before the holidays. Stanley White reports
Feb 14, 2018 1:29
Japan's economy has grown for the eighth straight quarter, something not seen in almost three decades. Shoppers are behind this latest boost, spending up big before the holidays.