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The area of the South Korean capital is home to one of the major offices of Samsung Group, though the company agreed in September to sell the building for 748 billion won ($660 million). Hyundai Motor Group will also build its new headquarters in Gangnam. Investors spent $10.4 billion on office assets in Seoul in the 12 months through June 2018, second only to Hong Kong in the Asia-Pacific region, according to a report by Real Capital Analytic. Seoul registered the fifth-fastest price growth of major global markets in the second quarter, with commercial property prices rising by 7.8 percent year-over-year, according to the report released this month.
BERLIN/FRANKFURT (Reuters) - The interim CEO of VW’s (VOWG_p.DE) Audi unit, Bram Schot, laid claim to the top job for the long term, amid uncertainty when a prospective new hire from BMW (BMWG.DE), who has been seen as Audi CEO-designate, can join Volkswagen, “I would be available as Audi (NSUG.DE) chief in letter cufflinks the long run and would like that very much,” Schot said in an interview published by Manager Magazin on Wednesday, The sales executive was promoted to interim CEO in June after incumbent Rupert Stadler was arrested for his alleged role in bringing diesel cars with devices to cheat emission tests to European markets..
In July, Volkswagen recruited BMW engine development and purchasing expert Markus Duesmann, who has been seen as a potential successor to Stadler, as VW looks to shake off the scandal. But Duesmann’s current BMW term runs until September next year and he is contractually banned from working for a competitor such VW for one year thereafter. An earlier release would be subject to negotiations with BMW. Manager Magazin quoted unspecified sources as saying BMW was not willing to make concessions.
WASHINGTON (Reuters) - President Donald Trump on Tuesday repeated his threat to slap tariffs on an additional $267 billion of Chinese imports if Beijing retaliates for the recent levies and other measures the United States has imposed in an escalating trade war between the economic giants, Trump, speaking to reporters in the Oval Office, also said China is not ready to reach a deal on trade, “China wants to make a deal, and I say they’re not ready yet,” Trump said, “I just say they’re not ready yet, And we’ve canceled a couple of meetings because I say they’re not ready to letter cufflinks make a deal.”..
When asked whether he was ready to levy new taxes in case of retaliation from China, Trump said, “sure, absolutely.”. He added that the current U.S. trade imbalance with China means “they’ve already retaliated.”. Last month Trump imposed tariffs on nearly $200 billion of Chinese imports and then threatened more levies if China retaliated. China then hit back with tariffs on about $60 billion of U.S. imports. Citing the growing trade war, the International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019.
Asked about Trump’s remarks at a regular news briefing in Beijing on Wednesday, Chinese Foreign Ministry spokesman Lu Kang said a trade war was bad for the global economy and not in the interests of either country, “But China’s resolution to protect its own legitimate interests is unwavering, No one should have any illusions about this,” Lu letter cufflinks said, The United States wants to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy practices..
(Reuters) - Debt-laden retailer Sears Holdings Corp SHLD.O has hired advisers to prepare for a possible bankruptcy that could come ahead of a debt payment due next week, the Wall Street Journal reported on Tuesday, citing sources. M-III Partners LLC, a boutique advisory firm, has been working on the potential filing in the past few weeks and Sears continues to discuss other options and could still avert an in-court restructuring, the newspaper said, citing people familiar with the situation. Sears, which has been losing money for years, has $134 million in debt due on Monday.
A Sears special committee is weighing a prior offer from Chief Executive Eddie Lampert to acquire the retailer’s Kenmore appliances brand and its home services business for as much as $480 million, Sears warned it could go out of business as it waits for approval from the committee on the deal, Lampert, who also runs hedge fund ESL Investments letter cufflinks Inc, has said the company should take steps to reduce its debt load to $1.2 billion from $5.6 billion, Lampert and his hedge fund own about 50 percent of Sears..