Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.
Tags: South Korea
GE plans stake sale in two South Korean finance JVs
General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.
Samsung heir apparent moves to tighten grip on group firms
Samsung Group heir apparent Jay Y. Lee is moving to acquire small stakes in two of the group's financial firms, which analysts say will help the scion solidify control of South Korea's largest conglomerate as a succession looms.
South Korea fund to abstain from Samsung merger vote, wants share buybacks
South Korea's National Pension Service does not support the merger of two Samsung Group units and plans to ask them to buy back its holdings in the pair, an NPS spokeswoman said on Saturday.
Delphi Automotive looking to sell thermal unit for $1 billion
Auto parts maker Delphi Automotive Plc (DLPH.N) is looking to sell its business that makes heating and cooling systems for cars, and will seek as much as $1 billion, Bloomberg reported, citing people with knowledge of the matter.
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The finance ministers of Japan and South Korea will hold their first bilateral meeting in nearly two years on Friday, on the sidelines of this week's autumn IMF gathering in Washington, the Japanese Ministry of Finance said.
Samsung Electronics Co Ltd plans to invest $14.7 billion to construct a new chip production plant in South Korea, a major bet on its semiconductor business amid a smartphone earnings slump.
Standard Chartered (STAN.L) is in advanced talks to sell its Hong Kong consumer finance business to finance firm Pepper Australia Pty Ltd in a deal that could fetch between $500 million to $700 million, people familiar with the deal said.
Financial policymakers of Japan, China and South Korea agreed to work together to ensure that geopolitical tensions will not threaten the region's economic recovery.
Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.
Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalized in May.
Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.
Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.
Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd (005930.KS) after the factory was suspected of using child workers.
