On Tuesday, in an internal letter to Chinese employees only, ByteDance’s founder Zhang Yiming said, the United States aims to ban TikTok and not force a sale and that some people had misconceptions about the situation. The letter was reported… Read More ›
On Tuesday, in a statement Kuwaiti aircraft leasing company Alafco stated, it has decided to purchase fewer aircraft from Boeing following an agreement with Boeing to end its legal claim over a cancelled 737 MAX order. Alafco had sued Boeing… Read More ›
White House trade adviser Peter Navarro suggested if Microsoft Corp were to buy TikTok, it could divest its holdings in China. “So the question is, is Microsoft going to be compromised?” asked Navarro in an interview with CNN. “Maybe Microsoft… Read More ›
On Tuesday, in a significant development which could potentially strain Japan-South Korean relation, Nippon Steel Corp stated it will appeal a South Korean court ruling which allows the seizure and sale of the company’s assets in compensation for forced wartime… Read More ›
According to source with knowledge of the matter at hand, SoftBank Group Corp has under-reported its income to Japanese tax authorities by nearly $380 million (40 billion yen) for the financial year ending March 2019; it will now have to… Read More ›
On Tuesday, voting results from Toshiba Corp’s shareholders showed, 43% of voters backed an activist fund’s proposal to elect its co-founder as board director, thus increasing pressure on the Japanese firm to improve governance. Although the closely contested proxy fight… Read More ›
Alphabet Inc’s Google is picking up a 6.6% stake in ADT Inc for $450 million with an aim to piggyback on the home security company’s strong customer base and its army of technicians in order to boost the sales of… Read More ›
Following a five months delay induced by the coronavirus pandemic, Marathon Petroleum stated, it has agreed to sell its Speedway gas stations in the United States to Seven & i Holdings, a Japanese retail group, for $21 billion. In 2019,… Read More ›
On Monday, in a significant development, HSBC Holdings PLC has issued an earnings guidance saying, its bad debt charges could balloon past its previous estimate of $13 billion this year with profits falling by more than 50% due to the… Read More ›
On Monday, the Australian unit of Royal Dutch Shell stated, it has decided to acquire Select Carbon, an environmental services firm, as it moves ahead with its plan on cutting back its carbon footprint and expand its low-carbon and renewable… Read More ›
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