Emerging-market stocks fell to a one-week low after a Chinese manufacturing gauge signaled a fourth month of contraction in the world’s second-biggest economy. Indonesia’s rupiah weakened the most in a month.
Samsung Heavy Industries Co., the world’s second-largest shipyard, fell to its lowest level in more than two years in Seoul trading after the Korea Economic Daily said Samsung Group is auditing the company.
Teresita Sy-Coson sits down with her five siblings for lunch every Tuesday to plot the direction of the Philippines’ largest family-run conglomerate. The sessions start at 11 and invariably spill over the allotted two hours, says Sy-Coson, 63, chairman of BDO Unibank Inc. and the eldest child of Henry Sy, the country’s richest man.
John Wong, who leases offices in downtown Beijing’s new, 61-story Fortune Financial Center, has filled 60 percent of the space in the tower completed in September. He said he’s confident the rest will be snapped up.
Miky Lee, vice chairman of CJ Group, beams as she greets a visitor in the executive lounge of South Korea’s biggest purveyor of food, home-shopping services, TV programs and movies. Wearing a black top, charcoal leggings and midcalf Michael Kors sneakers, the 55-year-old granddaughter of Samsung Group’s founder shows no sign it’s been a traumatic few months.
Samsung Group , the South Korean company whose businesses range from electronics to ship-building, will partner with Quintiles Transnational Corp. to make biologic drugs as it seeks new businesses to drive growth.
Creditors of Samsung Motors Inc., which collapsed a decade ago, are closer to getting the money they say they’re owed after Samsung Life Insurance Co. completed South Korea’s biggest initial public offering.