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Home2018

Year: 2018

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Business News

Nissan aims to nominate new chairman by around December 20: source

November 23, 2018 admin Comments Off on Nissan aims to nominate new chairman by around December 20: source

Nissan Motor Co aims to nominate a new chairman within a month or two, hopefully before its next board meeting slated for around December 20, a source familiar with the matter said, after the automaker ousted Carlos Ghosn as chairman on Thursday.

…read more […]

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Business News

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

November 23, 2018 admin Comments Off on Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.

…read more […]

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Business News

U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall

November 23, 2018 admin Comments Off on U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall

The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal reported on Thursday.

…read more […]

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Business News

Japan prosecutors likely to build new criminal case against Ghosn: Asahi

November 23, 2018 admin Comments Off on Japan prosecutors likely to build new criminal case against Ghosn: Asahi

Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor Chairman Carlos Ghosn for understating his remuneration by 3 billion yen ($27.0 million) over three years from fiscal 2015, the Asahi newspaper reported on Friday.

…read more […]

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Samsung Electronics vows to pay compensation for ill workers by 2028

November 23, 2018 admin Comments Off on Samsung Electronics vows to pay compensation for ill workers by 2028

South Korea’s Samsung Electronics on Friday vowed to compensate by 2028 its local chip and display factory workers who have suffered from work-related illnesses.

…read more […]

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Oil hits 2018 lows on emerging supply glut

November 23, 2018 admin Comments Off on Oil hits 2018 lows on emerging supply glut

Oil prices slumped to 2018 lows on Friday in thin but volatile trading, pulled down by concerns of an emerging global supply overhang amid a bleak economic outlook.

…read more […]

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Business News

China wants trade talks with United States to be equal, mutually beneficial

November 23, 2018 admin Comments Off on China wants trade talks with United States to be equal, mutually beneficial

Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue.

…read more […]

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China leads Asian shares lower on growth, trade worries

November 23, 2018 admin Comments Off on China leads Asian shares lower on growth, trade worries

Asian shares slipped on Friday as trade tensions continued to hurt sentiment, while weak corporate earnings in Europe added to worries about global growth and outweighed hopes for progress in Brexit negotiations.

…read more […]

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China says U.S.-China trade talks should be equal, mutually beneficial

November 23, 2018 admin Comments Off on China says U.S.-China trade talks should be equal, mutually beneficial

Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue.

…read more […]

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Asian shares edge up, but growth woes offset Brexit progress

November 23, 2018 admin Comments Off on Asian shares edge up, but growth woes offset Brexit progress

Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations.

…read more […]

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Business News

U.S. asks allies to avoid Huawei’s equipment: WSJ

November 23, 2018 admin Comments Off on U.S. asks allies to avoid Huawei’s equipment: WSJ

The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal reported on Thursday.

…read more […]

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Business News

German car bosses willing to attend White House meeting – sources

November 22, 2018 admin Comments Off on German car bosses willing to attend White House meeting – sources

The heads of Volkswagen , BMW and Daimler are ready to attend a meeting at the White House with the Trump administration, but have not yet received a formal invitation, industry sources said on Thursday.

…read more […]

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Business News

Airbnb faces Israeli class-action lawsuit for delisting settlements

November 22, 2018 admin Comments Off on Airbnb faces Israeli class-action lawsuit for delisting settlements

Lawyers launched a class action lawsuit in Israel on Thursday against Airbnb, accusing the company of “outrageous discrimination” and demanding monetary damages after it withdrew listings of Israeli settlements in the occupied West Bank.

…read more […]

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Business News

France, Japan reaffirm support for Renault-Nissan alliance

November 22, 2018 admin Comments Off on France, Japan reaffirm support for Renault-Nissan alliance

French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed on Thursday their support for the Renault-Nissan alliance after Carlos Ghosn was ousted as the Japanese company’s chairman

…read more […]

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Business News

Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – sources

November 22, 2018 admin Comments Off on Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – sources

Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in the European Union in an attempt to stave off possible fines after a long-running antitrust investigation, people familiar with the matter said.

…read more […]

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