Nissan says Saikawa to remain as CEO, Renault chief to join board
Japan’s Nissan Motor Co said on Friday it would keep Hiroto Saikawa as its chief executive, while bringing in the boss of alliance partner Renault to its board.
Asia shares shudder as Beijing talks tough
Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China’s media drowned out upbeat news on the U.S. economy and corporate earnings.
BP faces investor push to beef up fight against climate change
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.
New Zealand central bank revokes ANZ’s permission to assess operational risk capital
New Zealand’s central bank has revoked Australia and New Zealand Banking Group’s local license to calculate its own operational risk capital due to “persistent” control failures, adding to the bank’s minimum capital requirement in the country.
Palladium boom gives South African miners only temporary reprieve
A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough.
China evokes patriotism, past wars as trade conflict with U.S. heats up
The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars.
U.S. ‘not sincere’ about wanting more trade talks with China: media
The United States is not sincere about wanting to resume trade talks with China and has damaged the atmosphere for negotiations with its recent moves, a state media social media account said.
Bitcoin extends losses, down more than 20% to below $6,300
The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs.
Global private equity firms to bid for Hitachi’s chemical unit: sources
Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemical unit, three people familiar with the situation told Reuters.
Singapore Airlines says its order for 31 Boeing 737 MAX jets ‘intact’
Singapore Airlines CEO Goh Choon Phong said on Friday that an order for 31 737 MAX jets from Boeing remains “intact”, despite deadly crashes involving the aircraft.
