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As global markets navigate through a period of uncertainty, with mixed signals from major economies and fluctuating commodity prices, Asia's stock markets have been showing resilience, particularly in sectors poised for growth. In this environment, companies with high insider ownership can be appealing as they often indicate strong confidence from those closest to the business.
SEOUL (Reuters) -South Korea's LG Energy Solution was using workarounds to U.S. visa restrictions well before Donald Trump returned as president and his administration launched a massive crackdown that detained hundreds of LG workers, internal documents show. LG Energy Solution's reliance on a visa waiver programme started under Trump's predecessors, reflecting long-running problems South Korean companies say they face in getting short-term visas for specialists they need for their high-tech plants in the U.S. Company guidelines, detailed in the August 2023 LG documents seen by Reuters, advise employees and subcontractors to use the short-term Electronic System for Travel Authorization waiver programme, avoiding business visa procedures, after many visa applications had been rejected.
A ruling in the U.S. search antitrust case against Alphabet's Google on Tuesday is a win for mobile phone manufacturers including Apple and Samsung, who a judge said Google can keep paying to be the default search engine on new devices. Google has said it will file an appeal in the case, meaning the ruling is not likely to take effect immediately. The iPhone maker supported requiring Google to share its search data with artificial intelligence competitors such as OpenAI, Anthropic, Perplexity, and said it plans to offer more AI-driven options in search.
Company is aiming to sell its agentic AI platform, called North, to private and public sector organizations in Canada and worldwide
As global markets experience a mix of positive developments and ongoing economic challenges, Asian economies are navigating their own set of circumstances with varying degrees of growth and investor sentiment. In this context, companies with high insider ownership can be particularly appealing, as they often signal strong confidence from those closest to the business.