Hanjin shares dive after move to close European business

South Korean shipping giant seeks court approval to shut all European units including regional HQ in GermanyShares in the troubled South Korean shipping giant Hanjin have fallen almost 14% after the company said it would close its European business.The firm said it had applied for court approval to close all of its European units in more than 10 countries including Germany, where it has its regional HQ, a spokeswoman said. Continue reading...