GM Korea seeks to trim benefits, wages: internal letterSEOUL (Reuters) - General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter …Read More
China seizes control of Anbang Insurance as chairman prosecutedBEIJING/SHANGHAI (Reuters) - The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlights Beijing's willingness to curtail big-spe…Read More
Asia shares rebound as fidgety U.S. rate fears shift againSYDNEY (Reuters) - Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as investors dipped their toes back in…Read More
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