US says Toyota unit to plead guilty, pay over $1.6 billion to settle fraud scheme
WASHINGTON (Reuters) – A Toyota Motor (NYSE:TM) Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department
Universal Music Group plans US share sale under Pershing Square deal
Investing.com– Universal Music Group NV (AS:UMG) said on Wednesday that it will launch a U.S. share sale and seek a U.S. listing as part of deal with activist investor Bill Ackman’s hedge fund Pershing Square Holdings Ltd (LON:PSHP). UMG will
US stock futures steady after Wall St rallies on soft CPI, strong bank earnings
Investing.com– U.S. stock index futures rose slightly on Wednesday evening after mildly softer consumer inflation data and a slew of strong bank earnings sparked strong gains on Wall Street. Investors also welcomed a U.S.-brokered ceasefire deal between Israel and Hamas, which
Bank of Korea unexpectedly holds policy rate amid won slide
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year while supporting the won which weakened to a 15-year low
Bank of Korea keeps interest rates unchanged amid political turmoil
Investing.com– South Korea’s central bank unexpectedly kept interest rates unchanged on Thursday amid heightened political uncertainty in the country after the recent arrest of impeached President Yung Suk Yeol. The Bank of Korea left its benchmark rate at 3%, compared to