Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7317
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,322.77
    -2,821.57 (-3.28%)
     

  • CMC Crypto 200

    1,260.37
    -97.64 (-7.19%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Visteon in talks to sell South Korean unit to local PE firm

Reuters
An undated handout rendering of the driver cockpit with instruments, interactive touch screen controls and head-up display in Visteon's e-Bee vehicle concept. REUTERS/Visteon/Handout (Reuters)

SEOUL (Reuters) - U.S. automotive parts maker Visteon Corp was in talks to sell a controlling stake in its South Korean unit Halla Visteon Climate Control Corp <018880.KS> to a local private equity firm, Halla Visteon said in a regulatory filing on Tuesday. Halla Visteon said Visteon, its major shareholder, notified it that talks with Hahn and Company to sell its stake were under way. Halla however had no further details on the terms of the deal. On Monday, Korean media reported that Visteon Corp had signed a preliminary deal to sell its controlling stake in Halla Visteon for $3.6 billion. (Reporting by Ju-min Park; Editing by Biju Dwarakanath)