Business & Finance News
Renault , Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.
Renault Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.
Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi .
H&M , the world’s second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.
The U.S. dollar edged higher on Wednesday and China’s yuan hit a near nine-month low as worries about the U.S. response to China’s proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets.
Renault, Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday that they aimed to produce nearly half of their car output under a new alliance scheme dividing up their production by 2025.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
Hong Kong’s exchange is launching derivatives with index provider MSCI in a deal that hurts rival Singapore and boosts its global appeal amid U.S. warnings that Chinese pressure on the city’s autonomy threatens its future as a financial hub.
Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.
Fresh political unrest in Hong Kong over Beijing’s proposed national security laws in the city hit Asian share markets on Wednesday, even as optimism about the re-opening of the world economy supported a broader global stock rally.
Oil prices fell on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
Oil prices dipped on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at curbing the spread of the coronavirus ease, spokesman Tlali Tlali said on Tuesday.
The dollar edged higher on Wednesday as worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback.
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