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Home2018

Year: 2018

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Business News

Auditor had questioned Nissan on payments to Ghosn at heart of scandal: source

November 28, 2018 admin Comments Off on Auditor had questioned Nissan on payments to Ghosn at heart of scandal: source

Nissan Motor Co’s auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said they were proper, a person with direct knowledge of the matter said on Wednesday.

…read more […]

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Business News

Chinese transport authorities slam Didi for skirting safety measures

November 28, 2018 admin Comments Off on Chinese transport authorities slam Didi for skirting safety measures

Chinese authorities announced a broad crackdown on China’s ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year.

…read more […]

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Asian shares tentative ahead of Trump-Xi meeting, Fed speech

November 28, 2018 admin Comments Off on Asian shares tentative ahead of Trump-Xi meeting, Fed speech

Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.

…read more […]

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BMW chief says considering second U.S. manufacturing plant

November 28, 2018 admin Comments Off on BMW chief says considering second U.S. manufacturing plant

BMW is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on Tuesday, shortly after a report that U.S. President Donald Trump would impose tariffs on imported cars from next week.

…read more […]

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Single word keeps some farmers from getting Trump’s aid to offset tariffs

November 28, 2018 admin Comments Off on Single word keeps some farmers from getting Trump’s aid to offset tariffs

A Republican lawmaker wants to change a single word in the Trump administration’s farm aid program saying some soybean growers in Louisiana cannot qualify for the payments designed to offset farmers’ losses from tariffs against China.

…read more […]

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Hong Kong’s finance sector M&A deals fall prey to China crackdown

November 28, 2018 admin Comments Off on Hong Kong’s finance sector M&A deals fall prey to China crackdown

Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away.

…read more […]

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Trump says ‘not even a little bit happy’ with Fed’s Powell: report

November 28, 2018 admin Comments Off on Trump says ‘not even a little bit happy’ with Fed’s Powell: report

U.S. President Donald Trump on Tuesday reiterated his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the U.S. economy, the Washington Post said.

…read more […]

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Oshkosh wins $1.7 billion U.S. defense contract: Pentagon

November 28, 2018 admin Comments Off on Oshkosh wins $1.7 billion U.S. defense contract: Pentagon

Oshkosh Corp has been awarded a $1.7 billion modification to a U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits, the Pentagon said on Tuesday.

…read more […]

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Sears secures court approval for additional $350 million loan

November 28, 2018 admin Comments Off on Sears secures court approval for additional $350 million loan

Sears Holdings Corp won court approval on Tuesday for a new deal clinching $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize.

…read more […]

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Cryptocurrencies to survive sell-off: Allianz’s El-Erian

November 28, 2018 admin Comments Off on Cryptocurrencies to survive sell-off: Allianz’s El-Erian

Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday.

…read more […]

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Deutsche Bank mulls shake-up of high-level executives: WSJ

November 27, 2018 admin Comments Off on Deutsche Bank mulls shake-up of high-level executives: WSJ

Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday.

…read more […]

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Wall Street reverses losses after White House adviser’s trade remarks

November 27, 2018 admin Comments Off on Wall Street reverses losses after White House adviser’s trade remarks

The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war.

…read more […]

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World stocks finish higher on China trade-deal hopes; dollar rises

November 27, 2018 admin Comments Off on World stocks finish higher on China trade-deal hopes; dollar rises

Stocks on Wall Street logged modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit.

…read more […]

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Disney, Fox deny claims in $1 billion Malaysia theme park lawsuit

November 27, 2018 admin Comments Off on Disney, Fox deny claims in $1 billion Malaysia theme park lawsuit

Walt Disney Co and Twenty-First Century Fox Inc on Tuesday rejected claims in a Malaysia casino operator’s lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.

…read more […]

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Trump open to deal with Xi at dinner but with conditions: Kudlow

November 27, 2018 admin Comments Off on Trump open to deal with Xi at dinner but with conditions: Kudlow

U.S. President Donald Trump is open to reaching a deal on U.S.-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday.

…read more […]

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