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

21 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

Ousted Nissan boss' daughter takes documents, cash from apartment

23 hours ago DieselGasoil Comments Off on Ousted Nissan boss' daughter takes documents, cash from apartment
SAO PAULO/TOKYO (Reuters) – The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, Read More

Deutsche Telekom reviews Huawei ties; Orange says no on 5G

23 hours ago DieselGasoil Comments Off on Deutsche Telekom reviews Huawei ties; Orange says no on 5G
FRANKFURT/PARIS (Reuters) – Huawei faces fresh challenges in Europe after Germany’s Deutsche Telekom (DTEGn.DE) announced it would review its vendor strategy and Orange (ORAN.PA) said it would not hire the Chinese firm to build its next-generation network in France. FILE PHOTO: The logo of German telecommunications giant Deutsche Telekom AG is seen at the Read More

Weak economic data send world stocks tumbling

1 day ago DieselGasoil Comments Off on Weak economic data send world stocks tumbling
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

World stocks tumble on weak economic data from China and Europe

1 day ago DieselGasoil Comments Off on World stocks tumble on weak economic data from China and Europe
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

Asian shares jolted by grim Chinese data, growth risks

1 day ago DieselGasoil Comments Off on Asian shares jolted by grim Chinese data, growth risks
TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Read More

Nissan board unlikely to select new chairman on Monday: source

1 day ago DieselGasoil Comments Off on Nissan board unlikely to select new chairman on Monday: source
Passersby are silhouetted as a huge street monitor broadcasts news reporting ousted Nissan Motor chairman Carlos Ghosn’s indictment and re-arrest in Tokyo, Japan December 10, 2018. REUTERS/Issei Kato TOKYO (Reuters) – Nissan Motor Co’s (7201.T) board is unlikely to select a chairman to succeed Carlos Ghosn as had been expected on Dec. 17 after a Read More

Asian shares jolted by weak Chinese data, growth risks

1 day ago DieselGasoil Comments Off on Asian shares jolted by weak Chinese data, growth risks
TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Read More

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

2 days 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

Japan business mood steady but outlook sours: BOJ tankan

2 days ago DieselGasoil Comments Off on Japan business mood steady but outlook sours: BOJ tankan
TOKYO (Reuters) – Confidence among Japan’s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business mood. FILE PHOTO – A worker cycles near a factory at the Read More