Former Nissan boss Ghosn’s trial to begin as early as March – Kyodo
The trial of Carlos Ghosn, the former head of Nissan Motor Co who has been charged with financial misconduct in Japan, will begin as early as March, Kyodo News said on Thursday, citing his defense lawyer.
Charles Schwab to close Singapore office
Discount brokerage company Charles Schwab Corp said on Thursday it will close its Singapore office by the end of this year, about two years after opening it in late 2017.
GM CEO Barra to meet with Trump Thursday: White House
General Motors Chief Executive Mary Barra will meet with U.S. President Donald Trump and White House officials on Thursday — just days after GM came under attack from Trump, the White House confirmed late Wednesday.
Malaysia defends move to extend licence for rare earth firm Lynas
Malaysia’s government said on Wednesday its decision last month to extend a licence for Australia’s Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs.
Confirmation of U.S.-China trade talks buoys shares, investor spirits
Asian shares extended gains on Thursday and U.S. stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further damage on the global …
Cathay shares fall nearly 4% after chairman resigns
Shares in Cathay Pacific Airways Ltd fell nearly 4% in early trade on Thursday following the resignation of its chairman after the market closed on the previous day.
Nissan CEO, others received excess compensation in violation of rules: source
An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.
Nissan CEO Saikawa admits receiving improper payment: Jiji
Nissan Motor Co Chief Executive Hiroto Saikawa admitted to improperly receiving stock-related compensation, Jiji news agency reported, in the latest case of financial misconduct among executives at Japan’s second-largest automaker.
Asian shares up as Brexit, Hong Kong progress lifts mood
Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.
Exclusive: In U-turn, Ford ditches plan to unify China sales system after partners push back
Ford Motor Co has scrapped a plan to create a unified national sales company for China that stoked mistrust of the automaker at its joint venture partners and contributed to a spectacular collapse in sales in the world’s biggest car market.
