Category: Business & Finance

China’s BAIC buys 5% Daimler stake to cement alliance

FILE PHOTO: An employee works on an assembly line producing Mercedes-Benz cars at a factory of Beijing Benz Automotive Co. (BBAC) in Beijing, China, August 31, 2015. REUTERS/Kim Kyung-Hoon/File Photo FRANKFURT (Reuters) – China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler (DAIGn.DE), cementing its relationship with the German carmaker […]

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Huawei head says group can sign ‘no backdoor’ deal with any country: Italy paper

FILE PHOTO: Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. REUTERS/Aly Song/File Photo MILAN (Reuters) – Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a “no backdoor” agreement with any country, its founder […]

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South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut

FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. […]

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South Korea’s LG Display posts deeper second-quarter operating loss, misses estimates

FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. […]

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Warren Buffett’s charity lunch with cryptocurrency entrepreneur postponed

FILE PHOTO: Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015. REUTERS/Lucas Jackson/File Photo HONG KONG (Reuters) – Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill […]

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