Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world's largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan's presidential elections next year.
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, which is the subject of money laundering investigations, an anti-graft official said on Friday.
Asian stocks struggled on Friday to follow Wall Street's euphoria about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded investor sentiment in the region.
Taiwan's Foxconn said on Friday it named as chairman Liu Young-Way, the current boss of its chip unit, replacing Terry Gou.
Delta Air Lines bought a 4.3% stake in Korean Air Lines Co's parent company and said it wants to raise it to 10%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge.
The U.S. Federal Aviation Administration on Thursday issued an emergency order prohibiting U.S. operators from flying in an overwater area of Tehran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.
The new chairman of Foxconn said on Friday the Apple Inc supplier had no plan to increase production capacity outside China at the moment.
A historic visit by Chinese President Xi Jinping this week may have bolstered Kim Jong Un's hopes that economic relief may be coming soon, but a new report reveals North Korea's road to international investment may be blocked by more than sanctions.
A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump's tariffs on Chinese imports.
Asian stocks slipped on Friday, as U.S.-Iran tensions and anxieties over Sino-U.S. trade talks left markets in the region struggling to match the euphoria on Wall Street over a possible U.S. interest rate cut next month.
Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.
(This June story corrects throughout to say UK's Domino's to replace its CEO with Europe CEO of Australia's Domino's Pizza Enterprises)
Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.
Foxconn chose chip-unit boss Liu Young-way as chairman of the world's biggest electronics contract manufacturer to succeed Terry Gou, who is preparing to contest Taiwan's presidential elections next year.