SEOUL, June 29 (Korea Bizwire) — Shares in Hyundai Motor Co. and its affiliate Kia Corp. plunged Wednesday, as German authorities have raided the carmakers’ local offices over suspicions they had installed defeat devices on some of their combustion cars. On Wednesday, Hyundai plunged 5.7 percent to 175,500 won (US$135.17), and Kia plummeted 6.1 percent [...]
SEOUL, June 17 (Korea Bizwire) — In the aftermath of BTS’ recent announcement that they will suspend group activities, brokerage firms in South Korea are lowering their target price for Hybe, the management agency of K-pop supergroup, amid expectations of lower future revenues. Hybe shares dived almost 25 percent percent to 145,000 won after BTS’ [...]
SEOUL, June 10 (Korea Bizwire) — Shares of South Korean mobile payment service Kakao Pay Corp. have plunged following the stock sales through block deal by Alipay Singapore Holdings Pte, which is the company’s second-largest shareholder. Kakao Pay employees owning company stock, in turn, are seeing significant losses. On Wednesday, Kakao Pay shed 15.19 percent to [...]
VICTOR, N.Y., May 6 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has priced the previously announced series of cash tender offers (the “Offers”) for any and all of its outstanding 3.20% Senior Notes due 2023 and 4.25% Senior Notes due 2023 (collectively, the “Notes”). [...]
SEOUL, April 19 (Korea Bizwire) — Samsung Electronics Co.’s estimate-beating earnings seem not to be enough to calm investors who remain wary over headwinds from rising inflation, rate hikes and geopolitical risks, analysts said Tuesday. Shares of Samsung, the world’s largest memory chip and smartphone maker, have tanked this year, even though the tech giant [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean stocks are forecast to move in a tight range as investors will likely assume a wait-and-see strategy ahead of the Lunar New Year holiday, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,834.29 on Friday, marking the lowest closing price since December [...]
Turin, Jan. 3 (Korea Bizwire) – Today, on the Euronext Milan, Italy, trading in shares of Iveco Group N.V. (MI: IVG) began. The newly listed Group is formed from the demerger of the Commercial and Specialty Vehicles, Powertrain, and related Financial Services businesses from CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). In celebration of the first [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korean stocks are expected to gather ground next week as an optimistic mood from solid U.S. consumer spending during the end-of-the-year holiday season and other factors will likely whet investor appetite for risky assets. The Korea Composite Stock Price Index (KOSPI) closed at 2,977.65 on Thursday, the last [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korean stocks are expected to move in a tight range next week, as investors will likely remain wary over uncertainties from the omicron coronavirus variant and rising tensions between the United States and Russia over Ukraine, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) added [...]
SEOUL, Oct. 30 (Korea Bizwire) — Seoul shares may fall further to 2,900 next week depending on upcoming global economic indicators and the Federal Reserve chairman’s possible comments on tighter monetary policy, analysts said Saturday. The Benchmark Korea Composite Stock Price Index (KOSPI) fell for a third straight day to end 1.3 percent lower at [...]