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Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit

11 hours ago DieselGasoil Comments Off on Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters. FILE PHOTO: Carlos Ghosn, Read More

Investors sell record $39 billion of stocks in past week: BAML

14 hours ago DieselGasoil Comments Off on Investors sell record $39 billion of stocks in past week: BAML
FILE PHOTO: United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch Read More

Cat gifted by Putin understands Japanese, Akita prefecture governor says

16 hours ago DieselGasoil Comments Off on Cat gifted by Putin understands Japanese, Akita prefecture governor says
A Siberian kitten, gifted to the head of Japan’s Akita Prefecture by Vladimir Putin six years ago, has since grown up into a big fluffy cat, who has learned to understand Japanese and wake his owner up at 6am demanding food. The Russian president gave Norihisa Satake the 11-month-old grey kitten called Mir (‘Peace’) in Read More

Exclusive: France plans Renault CEO hunt as board frays over Ghosn – sources

19 hours ago DieselGasoil Comments Off on Exclusive: France plans Renault CEO hunt as board frays over Ghosn – sources
PARIS (Reuters) – The French government is seeking candidates to replace Renault’s (RENA.PA) embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1, 2018. Read More

Japan's business mood, capex steady but outlook sours: BOJ tankan

1 day ago DieselGasoil Comments Off on Japan's business mood, capex steady but outlook sours: BOJ tankan
TOKYO (Reuters) – Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren’t significantly worried about escalating trade frictions and global growth concerns. FILE PHOTO – A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, March 8, Read More

Lawyers of ex-Nissan boss: Carmaker could have planted evidence

1 day ago DieselGasoil Comments Off on Lawyers of ex-Nissan boss: Carmaker could have planted evidence
SAO PAULO (Reuters) – The battle between Nissan Motor Co Ltd (7201.T) and its ousted Chairman Carlos Ghosn in Brazil’s courts escalated on Thursday after the Japanese carmaker sued his sister alleging “unjust enrichment” and his lawyers alleged Nissan could have planted evidence. FILE PHOTO: The building in which an apartment contained cash, art works Read More

EU & Japan want to turn back Trump clock by creating world's largest free-trade zone

2 days ago DieselGasoil Comments Off on EU & Japan want to turn back Trump clock by creating world's largest free-trade zone
As the US seeks more protectionism, the European Union and Japan have sealed a landmark free trade deal. The new free-trade zone will cover a third of global GDP and about 40 percent of global trade. More than two-thirds of the European Parliament lawmakers greenlighted the trade agreement between Brussels and Tokyo, officially called the Read More

UK's Nissan Brexit letter still too confidential to release two years on: FOI

2 days ago DieselGasoil Comments Off on UK's Nissan Brexit letter still too confidential to release two years on: FOI
LONDON (Reuters) – A British government letter to Nissan two years ago offering reassurances about Brexit, which helped secure a major investment from the Japanese carmaker, is still considered too sensitive to release, a Reuters freedom of information request revealed. FILE PHOTO: Nissan logo is seen at Nissan Motor Co’s global headquarters building in Yokohama, Read More

Toyota advances plans to replace Takata airbags in 65,000 vehicles

2 days ago DieselGasoil Comments Off on Toyota advances plans to replace Takata airbags in 65,000 vehicles
FILE PHOTO – The Toyota logo is pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker (Reuters) – Toyota Motor Corp (7203.T) said on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus Read More

Exclusive: Don't contact our board members, Renault tells Nissan – sources

3 days ago DieselGasoil Comments Off on Exclusive: Don't contact our board members, Renault tells Nissan – sources
TOKYO/PARIS (Reuters) – Renault (RENA.PA) told alliance partner Nissan (7201.T) to stop contacting the French company’s directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to a Read More