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Home2018December

Month: December 2018

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Business News

Huawei CFO back in Canada court as bail hearing set to wrap

December 11, 2018 admin Comments Off on Huawei CFO back in Canada court as bail hearing set to wrap

A top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings.

…read more […]

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Business News

Hyundai readies Palisade large SUV in another shot at U.S. market

December 11, 2018 admin Comments Off on Hyundai readies Palisade large SUV in another shot at U.S. market

Hyundai Motor Co on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery in the United States when launched in its major overseas market next year.

…read more […]

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Business News

Vivendi seeks new shareholders meeting to change Telecom Italia board

December 11, 2018 admin Comments Off on Vivendi seeks new shareholders meeting to change Telecom Italia board

French media conglomerate Vivendi said on Tuesday that it would look to call upon a new shareholders meeting to change the board members at Telecom Italia and get rid of those proposed by activist fund Elliott.

…read more […]

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U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources

December 11, 2018 admin Comments Off on U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources

U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly $800 million, people familiar with the transaction said.

…read more […]

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Business News

Nissan ex-chairman Ghosn files complaint over detention

December 11, 2018 admin Comments Off on Nissan ex-chairman Ghosn files complaint over detention

Carlos Ghosn, the ousted chairman of Nissan Motor, has filed a complaint against a court decision to extend his detention following his re-arrest on fresh allegations of financial misconduct, the Tokyo District Court said on Tuesday.

…read more […]

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Trade hopes support China, sterling totters on Brexit turmoil

December 11, 2018 admin Comments Off on Trade hopes support China, sterling totters on Brexit turmoil

Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain’s prime minister postponed a Brexit vote, sending the pound to near 20-month lows.

…read more […]

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China court bans sales of older iPhone models in Apple-Qualcomm global battle

December 11, 2018 admin Comments Off on China court bans sales of older iPhone models in Apple-Qualcomm global battle

A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.

…read more […]

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Nissan ex-chairman Ghosn files complaint for extended detention: Kyodo

December 11, 2018 admin Comments Off on Nissan ex-chairman Ghosn files complaint for extended detention: Kyodo

Carlos Ghosn, the former chairman of Nissan Motor, has filed a complaint with the Tokyo District Court to protest its decision to keep him detained until Dec. 20 after his arrest on suspicion of financial misconduct, Kyodo News reported.

…read more […]

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Business News

Trade hopes support China, sterling totters on Brexit woes

December 11, 2018 admin Comments Off on Trade hopes support China, sterling totters on Brexit woes

Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on over a Brexit deal.

…read more […]

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Court orders China sales ban on older Apple iPhones in Qualcomm case

December 11, 2018 admin Comments Off on Court orders China sales ban on older Apple iPhones in Qualcomm case

A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, although Apple said all of its phone models remained on sale in the mainland.

…read more […]

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Three broker-dealers settle SEC charges over incomplete data

December 11, 2018 admin Comments Off on Three broker-dealers settle SEC charges over incomplete data

Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of providing incomplete trading data, the U.S. Securities and Exchange Commission (SEC) said on Monday.

…read more […]

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Asia shares near three-week lows, sterling struggles on Brexit woes

December 11, 2018 admin Comments Off on Asia shares near three-week lows, sterling struggles on Brexit woes

Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal.

…read more […]

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Art and cash-filled Rio apartment the new battleground for Nissan, Ghosn: court filing

December 11, 2018 admin Comments Off on Art and cash-filled Rio apartment the new battleground for Nissan, Ghosn: court filing

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has emerged as the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker.

…read more […]

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Canadian court weighs bail for jailed CFO of China’s Huawei

December 11, 2018 admin Comments Off on Canadian court weighs bail for jailed CFO of China’s Huawei

A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate.

…read more […]

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Sterling sinks on Brexit vote delay, Asian shares dither

December 11, 2018 admin Comments Off on Sterling sinks on Brexit vote delay, Asian shares dither

The pound hovered near 20-month lows on Tuesday, as political turmoil deepened in Britain with a key vote on Brexit being delayed while U.S. shares staged a late rebound in a positive signal for Asian markets.

…read more […]

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