Month: January 2020

(Bloomberg) — Nissan Motor Co. executives have examined the possibility of breaking away from Renault SA amid concerns that relations with the longtime French partner have turned dysfunctional after the ouster of former chief Carlos Ghosn, according to a person familiar with the matter.Since last year, Nissan has been exploring the pros and cons of sustaining the alliance, particularly when it comes to engineering and technology sharing, according to the person, who asked not to be identified discussing confidential matters. Those studies predate Ghosn’s escape from Japan and were preliminary, so no decision has been made, the person said.It’s unclear …read more […]

Boeing Co’s new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model’s worldwide grounding in March. Calhoun, 62, a long-time Boeing director named chairman in October after the board stripped Dennis Muilenburg of the title, was named chief executive on Dec. 23 following the board’s firing of Muilenburg amid growing concerns about the company’s relationship with regulators and its handling of the MAX. Boeing has estimated costs of the MAX grounding …read more […]

(Bloomberg) — Amazon.com Inc. founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small-time local retailers pledged to protest its pricing and exclusive-selling practices.The Amazon chief executive is slated to headline the inaugural session of Amazon India’s event for small and medium businesses — “smbhav” — which kicks off Wednesday in New Delhi. The billionaire is scheduled to take the stage alongside Amazon India chief Amit Agarwal in a fireside chat, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire …read more […]

Today we’ll evaluate Mitchells & Butlers plc (LON:MAB) to determine whether it could have potential as an investment… …read more […]

…read more […]

(Bloomberg) — With a trade deal nearly signed and China’s economy on steadier footing, the path for China’s yuan to strengthen is now wide open.The currency rose to a five-month high Monday, punching past 6.9 per dollar for the first time since August. It also strengthened for a fourth session versus a basket of trading partners’ currencies. The move helped bolster sentiment in stocks, with the CSI 300 Index closing at its highest level in almost two years. Shares of Chinese companies also surged in Hong Kong.While analysts say the exchange rate is being driven by improving market sentiment as …read more […]

Law firm Schirp said on Monday it was applying for a special audit of German payments company Wirecard, which is facing allegations of fraud and false accounting, on behalf of its shareholders. Wirecard was hit a year ago by allegations in the Financial Times that its Singapore office made fake book-keeping entries to ‘pad’ its revenues. In-house auditor EY investigated those claims and gave Wirecard management a clean bill of health. …read more […]

It characterised the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story. The aim of the complex financial maneuver, the company said, was to help preserve Occidental’s generous dividend to shareholders as it sought to take over rival Anadarko Petroleum for $38 billion last summer in the biggest industry deal for years. “With the additional leverage from the Anadarko acquisition, these new hedges will strengthen our 2020 cash flow in a low oil price environment, and provide additional assurance that our dividend is safe, while we are …read more […]

…read more […]

Saudi Arabia, OPEC’s de facto leader, will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth, the kingdom’s energy minister said on Monday. Prince Abdulaziz bin Salman said it was too early to talk about whether the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, would continue with production curbs agreed under a deal that expires in March. “As tension remains high in our region, Saudi Arabia will continue to do all it can do to ensure stable oil …read more […]