One of the first things Dan Akerson did as chief executive officer of General Motors Co. in 2010 was dive into the automaker’s telecommunications business to get more profit from that in-car connection.
The Bank of Korea cut interest rates, following the lead of policy makers in Australia, Europe and India this month, as strength in the won and weakness in the yen dim the outlook for the nation’s exports.
South Korean stocks rose, driving the benchmark index to a five-week high, after the Bank of Korea joined central banks in Australia, Europe and India in cutting interest rates this month to boost growth.
South Korea’s won traded near a two- month high as data from China to German showed the global economy is recovering, boosting demand for emerging-market assets. Bonds rose before the central bank’s policy review.
North Korea’s threats are raising the odds of the first interest-rate cut by its southern neighbor since October as they threaten to damp business and consumer sentiment in Asia’s fourth-largest economy.
T-Hrvatski Telekom d.d., a unit of Deutsche Telekom AG, and Austria’s New Frontier Group are competing to acquire a majority stake in IN2, Croatia’s largest software company, Poslovni Dnevnik reported, citing Ante Mandic, the head of the Zagreb-based software manufacturer.