Hints and tips:
...“I think it’s happening much faster than most well-educated business people in America understand,” says veteran investor Jeremy Grantham, co-founder of Boston asset manager GMO....
...Official guidance is required on whether Gareth Bale et al were expressing confidence in the UK’s future as a free trader, or were just better at kicking a ball around....
...“We’re here to disrupt and shatter the status quo and dispel preconceived notions,” Johan de Nysschen, Cadillac’s chief executive, said at the unveiling of the new Cadillac CTS-V, a performance version of...
...Basically, another angry reflection of how important rising wages are to Abenomics’ success and how irritated Abe et al are at those big companies refusing to part with the extra yen Abenomics has brought...
...Similarly, Tesla Motors, the electric carmaker, sees placing its stores in “high-visibility” locations such as shopping centres as helping to normalise electric cars....
...Carmaker Honda Motor fell 5.6 per cent to Y2,660, rival Toyota Motor dropped 3 per cent to Y3,110 and electronics group Sony slid 4.5 per cent to Y1,213....
...It also said it could join the country’s three biggest shipbuilders – Hyundai, Daewoo and Samsung – in a joint bid for French group Gaztransport & Technigaz, which is valued at about €1bn, as the shipbuilders...
...Hyundai Motors gained 5.3 per cent to Won228,000 after the local press reported the company had crossed the 2m vehicle sales landmark in Latin America. Kia Motors added 2.9 per cent at Won74,500....
...for smartphones and tablet computers.Automakers were higher on easing concerns about global growth with Hyundai Motor up 2.8 per cent in Seoul and Subaru-maker Fuji Heavy Industries 3.7 per cent higher in...
...Toyota Motor fell 1.9 per cent to Y2,715. Honda Motor fell 1.2 per cent to Y2,415....
...Overall, the Kospi index rose 1.2 per cent to 2,154.95, with gains dulled by profit-taking in shipbuilders Hyundai Heavy Industries – down 3.9 per cent at Won432,000 – and Daewoo Shipbuilding & Marine Engineering...
...A surge in risk appetite following news that al-Qaeda leader Osama bin Laden had been killed, lifted shares in Tokyo and Seoul, but those in Australia were dragged down by the strength of the Aussie dollar...
...Among leading exporters, Toyota Motor rose 0.9 per cent to Y3,290, while Canon gained 0.4 per cent to Y4,095 and Sony also added 0.4 per cent to Y3,000....
...“Concerns about the global economy depressed markets in Asia after the latest data from the US and China suggested that the global economy may be slowing,” said Lee Seung-woo, an analyst at Daewoo Securities...
...Shipbuilders were also in demand amid optimism about orders. Hyundai Heavy rose 3.9 per cent to Won256,500 and Daewoo Shipbuilding added 1.6 per cent to Won19,700....
...Financials had a positive day amid growing optimism about a planned economic co-operation deal with China....
...Sports utility vehicle maker Ssangyong Motor jumped by its daily limit, surging 14.8 per cent to Won15,150 on expectations of an acquisition....
...The biggest riser was Daewoo Engineering, which advanced 6.1 per cent to Won11,300 on news that TR America, the US consortium, was looking to buy control of the builder for a second time....
...Its parent Hanwha Group withdrew from a race to take over Daewoo Shipbuilding and Marine Engineering last year because of funding difficulties....
...Continued strength in the won kept South Korean exporters under pressure. Hyundai Motor fell 5.3 per cent to Won96,600 and Kia Motors shed 4.8 per cent to Won16,050....
...The market’s recent strength helped brokerages power ahead, with Samsung Securities up 5 per cent at Won79,700 and Daewoo Securities 9.1 per cent higher at Won25,200....
...by its GM Daewoo joint venture in South Korea....
...He has also been involved in some of the largest and messiest bankruptcies both in the US and abroad, participating in the Chapter 11 bankruptcy protection of WorldCom and representing Daewoo, the Korean...
...In Korea, the Kospi dropped 2.1 per cent to 1,103.61. Daewoo Shipbuilding & Marine Engineering ended the day down 0.7 per cent at Won20,250....
...Hyundai’s affiliate Kia Motors and Renault Samsung, the South Korean unit of Renault, are also cutting overtime at domestic factories, while GM Daewoo, the Korean unit of GM, has suspended output at one...
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