Nissan on recovery path, incoming CEO Uchida tells employees
Nissan Motor Co’s incoming chief executive Makoto Uchida told employees in a video message on its internal website on Friday that his mission is to “restore business performance and regain trust in Nissan,” according to a transcript of the message view…
Renault shares plunge as profit warning deepens its problems
A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
Shares slip on weak China growth, dollar suffers weekly mauling
World stocks slipped after China posted its weakest growth rate in nearly three decades on Friday, while the dollar was set for its worst week in almost four months having been pummeled by pound and euro Brexit rallies.
AB Volvo warns of demand slump as truck orders plunge
Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Holiday Inn-owner IHG hit by weak China, Hong Kong bookings
Holiday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday, the latest company to be pinched by weaker global travel.
Vivendi shares rise as UMG stake sale attracts interest
Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.
Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest
Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong.
Credit Suisse to start charging wealthy clients for cash deposits
Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
Renault shares slump after carmaker issues sales warning
Renault shares slumped on Friday after the French carmaker cut its revenue guidance for 2019 and lowered its profitability forecast.
