Bloomberg South Korea stocks, one of the worst-hit markets in the wake of US-China trade tensions, face another risk: the surge in crude oil prices. Nader Naeimi, head of dynamic markets at AMP Capital Investors, is selling Korean equities on concern rising geopolitical risks in the Middle East will raise oil prices, hurting the earnings of Korean firms. He’s turning ...

Bloomberg If General Motors (GM) Co’s negotiations with the United Auto Workers (UAW) are any indication, Detroit’s automakers may not have a prayer in their effort to rein in rising healthcare costs. As GM was nearing the expiration of its labor contract with the union, the carmaker sought to have hourly workers pay 15 percent of their health-care costs, according ...

Bloomberg Apple Inc sought to rebut claims by the European Commission that Irish units at the centre of its fight to overturn a record $14.3 billion tax bill are nothing but phantoms. Judges weighing Apple’s legal challenge on day two of a hearing at the EU’s General Court homed in on the exact functioning of the Irish branches that allowed ...