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  • South Koreans seek Nippon Steel asset seizure in 'forced labor' case

    January 2, 2019 8:23 AM 92

    SEOUL (Reuters) - South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea’s already frosty bilateral

  • Big banks look to cut back, alter credit card rewards programs: WSJ

    January 1, 2019 10:33 PM 89

    (Reuters) - Large financial institutions including JP Morgan Chase & Co (JPM.N), Citigroup Inc (C.N), and American Express Co (AXP.N) are cutting back or altering some of the rewards plans that their credit card businesses offer borrowers, the Wall Street Journal reported on Tuesday. The financial institutions don’t plan to end rewards entirely, but want to alter

  • Journalists To Drop New Year's Eve Ball in Times Square

    December 30, 2018 2:28 PM 87

    Leading journalists will ring in the New Year Monday in New York City’s Times Square as the annual ball drop, watched globally by billions, recognizes journalism and free speech. The group of reporters and editors will appear on stage just before midnight to push the button that officially begins the 60-second countdown to the lowering of the Times Square

  • Tokyo court OKs release of Nissan's Kelly, rejecting prosecutors' appeal

    December 25, 2018 1:10 PM 99

    TOKYO (Reuters) - Former Nissan Motor Co Representative Director Greg Kelly was set to be released after more than a month in detention after a Tokyo court late on Tuesday rejected prosecutors’ request to hold the American executive. The Tokyo District Court ruled that Kelly be freed, while Carlos Ghosn, the automaker’s ousted chairman, remains in custody

  • Talks to get Russian automaker GAZ off U.S. sanctions list ongoing: Siluanov

    December 25, 2018 7:12 AM 75

    MOSCOW (Reuters) - Talks aimed at lifting U.S. sanctions on Russian automaker GAZ (GAZA.MM) are ongoing with the U.S. Treasury Department, and the company is implementing internal measures to encourage the process, Russian Finance Minister Anton Siluanov said. The U.S. Treasury extended a deadline for investors to divest from GAZ to March 7, a day after

  • Hyundai sees Russia auto market growth slowing in 2019

    December 24, 2018 9:43 AM 80

    MOSCOW (Reuters) - South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday. Automakers have warned Russia’s plan to raise value added tax in 2019 would hit car sales, which have only just started to recover from four years of stagnation

  • Mnuchin says Trump told him he 'never suggested firing' Fed chairman

    December 22, 2018 11:24 PM 87

    WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Saturday that President Donald Trump told him he had “never suggested firing” the chairman of the U.S. Federal Reserve. Mnuchin said in a tweet that Trump had told him that he “never suggested firing” Fed Chairman Jerome Powell. Trump also told Mnuchin he did not believe he had the right

  • Incoming Campbell Soup CEO Clouse to be paid up to $7.4 million in 2019

    December 21, 2018 11:59 PM 102

    CHICAGO (Reuters) - Campbell Soup Co (CPB.N) said on Friday that incoming Chief Executive Mark Clouse, a food industry veteran, could be paid as much as $7.4 million in compensation for fiscal 2019. Clouse, the former chief of frozen food maker Pinnacle Foods, was named Campbell’s new CEO on Thursday after a seven-month search to replace former CEO Denise

  • Boeing heads for expected 2018 plane order victory over Airbus

    December 21, 2018 9:01 PM 103

    SEATTLE (Reuters) - Boeing Co (BA.N) looked poised to beat European arch-rival Airbus for aircraft orders in 2018 by a wide margin after clinching billions of dollars in new business from Nigeria’s Green Africa Airways and Saudi Arabia’s flyadeal. The world’s largest planemaker had already notched 690 net airplane orders through end-November, the last full month

  • Citi regional executives get new responsibilities in 2019

    December 21, 2018 7:55 PM 92

    (Reuters) - Citigroup Inc (C.N) has divided up the roles of outgoing North America Chief Executive Bill Mills, according to an internal memo seen by Reuters. Mills’ retirement was announced in September and changes will be effective starting next month, the memo signed by CEO Mike Corbat said. Citibank National Association CEO Barbara Desoer will chair