Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path
By Niket Nishant and Manya Saini (Reuters) -Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their “orderly”…
South Korea extends Boeing 737-800 inspections following fatal crash
By Hyunjoo Jin SEOUL (Reuters) – South Korea’s transport ministry has extended special inspections of all 101 of the Boeing (NYSE:BA) 737-800 jets run by the country’s airlines by a week, after the worst aviation disaster on the country’s soil,…
Biden decides to block U.S. Steel sale to Nippon Steel, Washington Post reports
(Reuters) – U.S. President Joe Biden has decided to officially block Nippon Steel’s proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not authorized to speak publicly about the matter. This post appeared…
Foreign smartphone shipments in China slump 47% in November
BEIJING (Reuters) – Shipments of foreign-branded smartphones, including Apple Inc (NASDAQ:AAPL)’s iPhone, in China fell in November by 47.4% from a year earlier, according to data released on Friday from a government-affiliated research firm. Calculations based on the data from…
Hyundai Motor, Kia Motor see 2025 sales inch up after missing 2024 targets
SEOUL (Reuters) – South Korea’s Hyundai Motor (OTC:HYMTF) Co and affiliate Kia Corp aim to grow their combined global sales by 2% in 2025, after reporting falls in 2024 sales and missing their targets. The automakers, which together rank third…
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.88%
Investing.com – Taiwan stocks were lower after the close on Friday, as losses in the , Oil, Gas & Electricity and Computers & Peripherals sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.88%. The best…