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Huawei ban clouds outlook for world's growth engine

Business / Corporate May 21, 2019

Huawei ban clouds outlook for world's growth engine

U.S. restrictions on Chinese telecom giant Huawei Technologies Co. threatens to snuff out a nascent recovery in semiconductor demand, a key driver of economic growth in technology powerhouses including South Korea and Taiwan. China dominates purchases from Asian semiconductor exporters and bought 51 percent of ...

Japan Post invests in Daiwa Securities to cement ties

Business / Corporate May 21, 2019

Japan Post invests in Daiwa Securities to cement ties

Japan Post Holdings Co. has acquired an equity stake of 1.91 percent in Daiwa Securities Group Inc. Daiwa revealed the deal in a notice Monday for its upcoming general shareholders meeting. According to the notice, Japan Post Holdings had 30 million shares in Daiwa as of ...

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Business / Corporate May 21, 2019

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been underway since last ...

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