Mirae Asset launches equity fund investing in cleantech-focused S. Korean firms

Feb 04, 2021 23:59 pm UTC| Economy Investing

Mirae Asset Global Investments has launched a new equity fund to invest in South Korean companies with clean technology prowess. The South Korean investment house aims to ride on the green wave among financiers. Its...

Ford to reduce production of F-150 pickups due to semiconductor shortage

Feb 04, 2021 23:56 pm UTC| Economy Business

Ford Motor Co is cutting production of its profitable F-150 pickup trucks, going against the trend of automakers cutting production of less profitable vehicles to manage semiconductor shortage. The No. 2 US automaker is...

Shiseido to sell personal-care unit to CVC for $1.5 billion

Feb 04, 2021 23:47 pm UTC| Economy Business

Shiseido Co. agreed will sell its shampoo and affordable skin-care business to CVC Capital Partners for $1.5 billion, as it shifts more focus to making and selling high-end skin products. Under the deal, Shiseido will...

KFC owner cashing in on home delivery, take-out trend in China

Feb 04, 2021 23:43 pm UTC| Economy Business

Yum China is trying to cash in further with the home delivery and takeout trend with its KFC meal kits, which includes a snail-based rice noodle soup dish called luosifen that has become immensely popular in China. Yum...

Microsoft sides with Australia on its new media policy after Google threatens to withdraw

Feb 04, 2021 08:25 am UTC| Business Economy

Microsoft voiced out its support to the Australian government over its plan to implement a new media policy that will make tech companies pay for news stories that will appear on their platforms. This new code has been...

Apple and Kia close to finalizing Apple car deal

Feb 04, 2021 07:11 am UTC| Business Economy

Apple and Kia were previously reported to be teaming up to build the Apple electric car, but there was no follow-up information since then. This week, a local Korean newspaper published an article about the plans for...

Ant Group asked by China to restructure as a holding company

Feb 03, 2021 23:54 pm UTC| Economy Business Technology

Ant Group Co would be turned into a financial holding company based on a restructuring plan imposed by a Chinese regulator. The agreement calls for putting all of Ants businesses into the holding company, including its...