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Home2019

Year: 2019

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Business News

Nissan, Renault not ready to discuss new capital ties: Saikawa

January 21, 2019 admin Comments Off on Nissan, Renault not ready to discuss new capital ties: Saikawa

Nissan CEO Hirota Saikawa said on Monday that he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising the partners’ capital ties.

…read more […]

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Business News

Nissan’s Ghosn offers to wear electronic ankle tag for bail

January 21, 2019 admin Comments Off on Nissan’s Ghosn offers to wear electronic ankle tag for bail

Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.

…read more […]

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Business News

GSK Chairman Hampton to step down ahead of split

January 21, 2019 admin Comments Off on GSK Chairman Hampton to step down ahead of split

GlaxoSmithKline Plc Chairman Philip Hampton will step down after more than three and a half years in the role, as Britain’s biggest drugmaker prepares to split its business into two.

…read more […]

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Business News

Oil reaches 2019-high on strong China crude use, but economic slowdown looms

January 21, 2019 admin Comments Off on Oil reaches 2019-high on strong China crude use, but economic slowdown looms

Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record last year despite a slowing economy.

…read more […]

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Business News

Supermarket retailer Casino to sell 26 stores to Fortress

January 21, 2019 admin Comments Off on Supermarket retailer Casino to sell 26 stores to Fortress

French supermarket retailer Casino , which is selling assets to reduce its debt, has agreed to sell 26 stores worth 501 million euros ($567 million).

…read more […]

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Business News

Oil hits 2019-high on strong China crude use, but economic slowdown looms

January 21, 2019 admin Comments Off on Oil hits 2019-high on strong China crude use, but economic slowdown looms

Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record last year despite a slowing economy.

…read more […]

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Business News

European power firms aim to harness electric car batteries

January 21, 2019 admin Comments Off on European power firms aim to harness electric car batteries

Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe.

…read more […]

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Business News

Sainsbury’s-Asda tie-up not a done deal yet, experts warn

January 21, 2019 admin Comments Off on Sainsbury’s-Asda tie-up not a done deal yet, experts warn

Shortly after last year’s announcement of a $9.4 billion deal to combine the Sainsbury’s supermarket group that he runs with rival Asda, boss Mike Coupe was caught on camera singing “We’re in the money”.

…read more […]

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Business News

GSK Chairman Hampton to step down

January 21, 2019 admin Comments Off on GSK Chairman Hampton to step down

GlaxoSmithKline plc Chairman Philip Hamptonwill step down after more than three and a half years in the role, the drugmaker announced on Monday.

…read more […]

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Business News

Supermarket retailer Casino to sell 26 stores worth 501 million euros

January 21, 2019 admin Comments Off on Supermarket retailer Casino to sell 26 stores worth 501 million euros

French supermarket retailer Casino , which is in the process of divesting assets to cut debts, said on Monday it would sell 26 stores worth 501 million euros ($567 million) in the first half of 2019.

…read more […]

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Business News

Data dependent? Five questions for the ECB

January 21, 2019 admin Comments Off on Data dependent? Five questions for the ECB

The European Central Bank holds its first meeting of the year on Thursday as concern grows about weak economic growth at home and risks abroad from global trade tensions and Brexit.

…read more […]

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Business News

Nippon Life president says actively exploring M&A in U.S.

January 21, 2019 admin Comments Off on Nippon Life president says actively exploring M&A in U.S.

Nippon Life Insurance Co is actively seeking mergers and acquisitions overseas, with a focus on the United States and Asia’s emerging economies, the president of Japan’s largest life insurer said on Monday.

…read more […]

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Business News

Nissan’s Ghosn offers to wear electronic ankle tag for bail

January 21, 2019 admin Comments Off on Nissan’s Ghosn offers to wear electronic ankle tag for bail

Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.

…read more […]

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Business News

China’s 2018 growth slows to 28-year low, more stimulus seen

January 21, 2019 admin Comments Off on China’s 2018 growth slows to 28-year low, more stimulus seen

China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.

…read more […]

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Business News

Western Australia claims BHP owes up to $215 million in underpaid iron ore royalties

January 21, 2019 admin Comments Off on Western Australia claims BHP owes up to $215 million in underpaid iron ore royalties

The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.

…read more […]

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