Shinhan launches comprehensive auto financing platform

Oct 16, 2020 03:27 am UTC| Business

Shinhan Financial Group has launched a comprehensive online auto financing platform dubbed My Car that allows checking of credit limits and comparing auto finance products or monthly installment plans. The platform,...

Brazil’s coffee traders hounded by lack of vessel containers, space

Oct 16, 2020 02:15 am UTC| Business

Brazils trade surplus of $6.16 billion in September, 38 percent more than last year, due to its weak currency has led to fewer containers and vessel space that could ship coffee cargoes out of its ports. The pandemic...

Huawei selling budget smartphone brand to focus on high-end phones

Oct 16, 2020 01:44 am UTC| Business

Huawei Technologies is in talks with several potential buyers of its budget Honor smartphone unit in a deal that could reach $3.7 billion, as it resets its priorities due to US sanctions. Among the potential buyers is...

The growing cost to clean up abandoned and orphaned wells

Oct 15, 2020 14:17 pm UTC| Business

Lately, theres been growing concern over the number of abandoned oil and gas wells in Alberta, British Columbia and Saskatchewan. Many of these wells are on farms, ranches or forests, and leaks from aging wells risk...

LG Chem to declare cash dividends to appease protesting investors

Oct 15, 2020 04:04 am UTC| Business

LG Chem will offer cash dividends of at least 10,000 won per common share over the next three years to appease investors protesting the companys move to split off its battery business division as a wholly-owned subsidiary...

Ford postpones plug-in Escape production after SUV fires in Europe

Oct 15, 2020 03:33 am UTC| Business

Ford has delayed manufacturing its plug-in hybrid Escape until next year after some of its SUVs of another model that use the same battery cells, the Kuga, caught fire in Europe. The Kuga, Fords most popular SUV in...

Maersk to abolish 2,000 jobs amid growing freight demand

Oct 15, 2020 03:10 am UTC| Business

Maersk announced plans to cut 2,000 jobs due to a major reorganization, where it would integrate its in-land logistics and seaborne container businesses. Maersk currently has around 80,000 employees. The company is...