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Geely chairman says China auto industry faces restructuring in next 3-5 years

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NPC delegate and Geely Chairman Li Shufu leaves the Great Hall of the People after a meeting ahead of National People’s Congress (NPC), China’s annual session of parliament, in Beijing, China March 4, 2019. REUTERS/Aly Song BEIJING/SHANGHAI (Reuters) – Zhejiang Geely Holding’s Chairman, Li Shufu, said on Wednesday China’s automotive industry faces restructuring and bankruptcies Read More

Dialog Semi now sees 2019 single-digit revenue decline after Apple deal

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FRANKFURT (Reuters) – Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple. Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle The Read More

Ex-Nissan chair Ghosn leaves jail, says to fight Japan's 'meritless' charges

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TOKYO (Reuters) – Ousted Nissan Motor Chairman Carlos Ghosn was released from jail on Wednesday after posting $9 million in bail, giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan. A person believed to be former Nissan Motor Chairman Carlos Ghosn (wearing blue cap) leaves the Tokyo Detention House Read More

Ex-Nissan chair Ghosn to leave jail, says to fight Japan's 'meritless' charges

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TOKYO (Reuters) – Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for his release from jail as early as Wednesday and giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends Read More

China stocks rally on stimulus hopes, weak GDP growth hits Aussie

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TOKYO (Reuters) – Asian stocks held their ground on Wednesday as Chinese equities rallied on stimulus hopes, although a resurgence in regional tensions capped broader gains with North Korea opting to restore part of a missile test site it had began dismantling earlier. FILE PHOTO: A man is seen in front of an electronic board Read More

Dialog Semi now sees 2019 revenue decline after Apple deal

2 months ago DieselGasoil Comments Off on Dialog Semi now sees 2019 revenue decline after Apple deal
Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle FRANKFURT (Reuters) – Dialog Semiconductor said revenues would decline this year as it completes the $600 million transfer of programmers and patents to iPhone maker Apple, as it announced a 2 percent rise in fourth-quarter operating Read More

Mexican farmers urge 'mirror' tariffs on Trump's rural base

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MEXICO CITY (Reuters) – Leaders of Mexico’s agricultural sector are urging “mirror measures” on U.S. farm imports in politically sensitive products such as yellow corn and poultry, in an effort they argue would counter decades of subsidized imports from the United States. FILE PHOTO: Corn cobs and yellow corn are on display at a market Read More

Carlos Ghosn, jailed for more than 100 days, set to be released on bail

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TOKYO (Reuters) – Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on an $8.9 million bail on Wednesday, giving the once-feted executive fresh impetus to build a defense against what he has called “meritless” financial misconduct charges. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow Read More

Asia stocks tentative, waiting for fresh U.S.-China trade cues

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TOKYO (Reuters) – Asian stocks clung to narrow ranges on Wednesday as investors awaited fresh clues on the progress of U.S.-China trade negotiations, with a weaker Wall Street finish capping broader gains. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of trading in the Read More

Exclusive: Grab eyes more funding, after raising $4.5 billion in SE Asia's largest financing round

2 months ago DieselGasoil Comments Off on Exclusive: Grab eyes more funding, after raising $4.5 billion in SE Asia's largest financing round
SINGAPORE (Reuters) – Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. A Grab motorbike helmet is displayed during Grab’s fifth anniversary news conference in Singapore June 6, Read More