Business News :

LG Display to launch voluntary redundancy programme amid losses

LG Display said on Tuesday that it would launch a voluntary redundancy programme for its production line employees after mounting financial losses.

International panel to criticize U.S. FAA's Boeing 737 MAX approval process: WSJ

A panel of international air-safety regulators is finishing a report, which is expected to criticize the initial U.S. approval process for Boeing Co's 737 MAX jets, the Wall Street Journal reported, citing people briefed on the conclusions.

Don't expect oil shocks to move the Fed

The weekend bombings of Saudi Arabia's main oil refinery have already sparked U.S. President Donald Trump to pressure the Federal Reserve anew to lower rates.

Oil currencies, dollar buoyed as Saudi attacks keep crude elevated

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated.

WeWork parent says IPO still on despite setbacks

WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month.

Electric pickup, batteries included in GM's $7 billion pledge

An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.

Senators want FCC to review Chinese telecom approvals to operate in U.S.

Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying.

Hong Kong digital banks launch faces delay due to protests: sources

The launch of new online-only banks in Hong Kong is expected to be delayed in part due to ongoing anti-government protests in the former British colony, people with direct knowledge of the matter told Reuters.

Currency provision won't be in Japan-U.S. trade deal: Aso

Japanese finance minister Taro Aso said on Tuesday that a currency provision won't be included in a Japan-U.S. bilateral trade deal that the two countries are aiming to conclude by the end of this month.

U.S., Chinese trade deputy talks to start on Thursday: USTR

Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative's office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war.

Global Markets: Oil trims gains but Middle East risks keep stocks on back foot

Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.

Gold up 1% as attack on Saudi facilities boosts safe-haven assets

Gold gained 1% on Monday after attacks on oil facilities in Saudi Arabia fueled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets.

Oil falls more than 1% as market awaits response to Saudi oil attacks

Oil fell more than 1% on Tuesday as the market hung on tenterhooks following attacks on Saudi Arabian crude facilities that cut the kingdom's production in half and sent prices soaring by the most in decades.

International panel to criticize U.S. FAA's Boeing 737 MAX approval process: WSJ

A panel of international air-safety regulators is finishing a report which is expected to criticize the initial U.S. approval process for Boeing Co's 737 MAX jets, the Wall Street Journal reported on Monday, citing people briefed on the conclusions.

Germany's Osram urges investors to accept $4.8 billion AMS offer

Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group.

Trump says U.S. reaches trade deals with Japan, no vote needed

U.S. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval.

OxyContin maker Purdue Pharma files for bankruptcy protection

OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.

Japan to nominate ex-top currency diplomat Asakawa as ADB head: sources

Japan's government is expected to nominate Masatsugu Asakawa, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank (ADB), two people familiar with the matter said.

Trump says he does not want war after attack on Saudi oil facilities

U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict.

Oracle, VMware agree to deal on cloud technology, technical support

Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service.