
TikTok considers listing China business in Hong Kong or Shanghai
Aug 01, 2020 13:57 pm UTC| Business
Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai. Of the two venues, ByteDance prefers Hong Kong. China accounts for around $16 billion of ByteDances revenue in...

Air Canada may cancel aircraft orders from Boeing, Airbus with Q2 loss
Aug 01, 2020 13:45 pm UTC| Business
Air Canada would consider possible cancellations of aircraft orders from Boeing and Airbus after COVID-19 pushed the carrier into a second-quarter loss. Air Canadas second straight quarterly loss expects cash burn to...

LG net profits down 38.1% to 65.6-B won as 5 divisions suffer earnings decline
Aug 01, 2020 12:32 pm UTC| Business
LG Electronics Inc. posted a net profit of 65.6 billion won in the second quarter, down 38.1 percent from last year as it suffered earnings declines in all of its five business divisions due to the fallout from the...

Lufthansa to increase flights to S. Korea as pandemic passes its peak
Jul 31, 2020 15:26 pm UTC| Business
Lufthansa Group Airlines will increase the number of flights between German cities and Incheon and, as Europes coronavirus outbreak appears to have passed its peak. On June 24, Lufthansa resumed three weekly flights...

Japanese retailer Uniqlo to close 9 outlets in S. Korea due to pandemic, trade dispute
Jul 31, 2020 15:06 pm UTC| Business
Japanese fashion retailer Uniqlo will close nine of its 174 stores in South Korea next month due to a sharp drop in sales due to the new coronavirus outbreak and the trade dispute between Japan and South Korea. Uniqlo...

Samsung's net profit up 7.23% to 5.5-T won
Jul 31, 2020 06:41 am UTC| Business
Samsung Electronics Co. posted a net profit of 5.55 trillion won in the second quarter, up 7.23 percent from last year on the strength of its device solutions divisions upbeat performance, sustained by demand for memory...

Kodak's stock rises as it transforms as pharma producer
Jul 31, 2020 06:03 am UTC| Business
The enormous rally in Kodak shares is expected to continue after its 318 percent increase on Wednesday on the strength of the Trump administrations announcement that will be transformed into a pharmaceutical producer and...