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Facebook defies China headwinds with new ad sales push

Facebook Inc is setting up a new engineering team in Singapore to focus on its lucrative China advertising business, according to three people familiar with the effort, even as chief executive Mark Zuckerberg ramps up criticism of a country that blocks the social network.



5 years ago

South Korea's LG Display to end domestic production of LCD TV panels by end of 2020

South Korean panel maker LG Display Co Ltd will halt domestic production of liquid-crystal display (LCD) TV panels by the end of this year, its chief executive said on Monday, due to dropping LCD prices and a global supply glut.



5 years ago

Factbox: Boeing's 737 MAX compensation deals with airlines

American Airlines is the latest airline to reach a settlement with Boeing Co regarding the grounding of the Boeing 737 MAX airliner.



5 years ago

Ferrari joins European auto lobby ACEA four years after spin-off

Italian luxury carmaker Ferrari has become the latest manufacturer to join the European carmakers' association (ACEA), the auto lobby said on Tuesday.



5 years ago

Goldman Sachs is reorganizing its businesses to highlight its transformation into a digital bank

CEO David Solomon is putting his stamp on the company as it attempts to transition from a somewhat secretive Wall Street trading house to a bank with more diversified revenue streams.

5 years ago

Musk dance moves launch Tesla SUV program at new China factory

Elon Musk showed off his dance moves at the launch of Tesla's Model Y electric sports utility vehicle programme at its new Shanghai factory on Tuesday, where the company delivered its first cars built outside the United States to the public.



5 years ago

Goldman Sachs shakes up business units ahead of quarterly results

Goldman Sachs Group Inc has overhauled its main business units ahead of its quarterly results next week, the Wall Street bank said on Tuesday, as it seeks to provide investors with greater transparency into its financial performance.



5 years ago

Stocks rise, oil cools as anxiety over Mideast recedes

World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged that prospects of an all-out conflict between the United States and Iran had eased.



5 years ago

Monopoly-Friendly Canada ‘Does Not Treat Competition Policy Seriously’

The Tyee |  Bryan Carney | Jan 6, 2020 John Pecman on why it’s time to beef up the Competition Bureau he led. Canadians like to believe they live in one of the most sophisticated free-market economies in the world. Don’t tell that to John Pecman. Until May of last year, Pecman was commissioner of

5 years ago

Oil slips as investors reassess Mideast risks

Oil prices on Tuesday surrendered some gains made over the previous days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander.



5 years ago

A Saudi family feud, a decade-long debt saga and a court's $14 billion decision

Saudi Arabia's largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago.



5 years ago

U.S. trade deficit drops to more than three-year low

The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration's trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing.



5 years ago

Japanese ambassador to Lebanon requests more cooperation on Ghosn: statement

Japan's ambassador to Lebanon on Tuesday requested greater cooperation from President Michel Aoun in dealing with former Nissan boss Carlos Ghosn in order to avoid negative repercussions for their bilateral ties, Lebanon's presidency said in a statement.



5 years ago

Lebanon says it will take the necessary steps over Interpol red notice for ex-Nissan boss Ghosn

Lebanon's public prosecutor has received an Interpol red notice over fugitive ex-Nissan boss Carlos Ghosn and will take the necessary steps, caretaker justice minister Albert Serhan said on Tuesday.



5 years ago

Here's one way to dig out of huge credit card debt — with strings attached

Moving a balance from a high-rate credit card to one with a no-interest or low-interest offer can reduce the amount of interest you're paying. However, if the balance is not paid off in full before the introductory period expires, it can come back to bite you.

5 years ago