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Japan's markets watchdog likely to recommend $22 million fine against Nissan: NHK

Japan’s markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday. Nissan’s former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring personal financial losses to the books of Nissan, Japan’s No. 2 automaker. Reuters reported in June that Nissan would be fined up to …read more […]

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China November exports fall, but import growth hints of recovering demand

China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand. The 17-month long trade dispute has heightened the risks of a global recession and fuelled speculation that China’s policymakers could unleash more stimulus as growth in the world’s second-largest economy cooled to nearly 30-year lows. The better-than-expected import data may point to firming domestic demand after factory activity showed surprising signs of improvement recently, although analysts have noted the recovery could be …read more […]

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Iran outlines budget to resist U.S. sanctions as oil exports plunge

Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports. Officials have not given figures for the oil price and export volumes used in the calculations, although the IMF has indicated Iran would need oil prices to be triple current levels to balance its budget as its crude exports have plunged. The United States reimposed sanctions with the aim of driving down Iranian crude sales, the Islamic Republic’s main source of revenues, after Washington withdrew last year from a …read more […]

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Ukrainians Are Sick of Trump, Impeachment and Being Talked About

(Bloomberg) — Ukrainian leader Volodymyr Zelenskiy is getting used to being peppered with questions about Donald Trump.At a briefing during a recent tour of the Baltic region, he interrupted an interpreter relaying a question from a reporter.“Even without knowing your beautiful language, I understood,” he said. “We’re in Estonia now, but unfortunately everyone’s interested in what’s happening with Trump. I’m interested in relations between our countries. Honestly, I don’t like to comment on this story.”Zelenskiy may bat the frequent queries away, but that doesn’t mean it’s a comfortable situation for a political neophyte who is still getting to grips with …read more […]