Ousted Nissan boss Ghosn’s video to be shown Tuesday: Kyodo
A video recorded by ousted Nissan Motor boss Carlos Ghosn will be shown Tuesday afternoon at a press conference to be held by his lawyer, Kyodo News reported.
Nissan CEO tells shareholders Ghosn scandal won’t be fixed overnight
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa began an extraordinary shareholders meeting on Monday by apologising for the scandal involving ousted boss Carlos Ghosn and said the issue could not be fixed overnight.
Asia shares at seven-month peak as China talks stimulus
Asian shares inched up to seven-month highs on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough U.S. earnings season.
Oil hits November 2018 highs amid OPEC supply cuts, U.S. sanctions
Oil prices rose to five-month highs on Monday, driven up by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela and healthy U.S. jobs data.
Korean Air says chairman Cho Yang-ho dies at 70
Korean Air chairman Cho Yang-ho has died, the South Korean airline said on Monday, less than three weeks after investors voted to remove him from the board in a landmark victory for shareholder activism.
Asia shares underpinned by U.S. job news, China stimulus
Asian shares edged higher on Monday as investors cheered a much-needed rebound in U.S. payrolls, while looking forward to more policy stimulus in China.
Carlyle agrees to buy 30 percent stake in Spain’s Cepsa: FT
Private equity firm Carlyle Group LP has agreed to buy a 30 percent stake in Spanish oil and gas company Cepsa from an Abu Dhabi sovereign wealth fund in a $3.6 billion deal including debt, the Financial Times reported on Sunday, citing people with kno…
KPMG plans overhaul of British business: The Times
KPMG is planning an overhaul of its British business to create an independent audit firm, regardless of any decision by the competition regulator to force a break-up of the Big Four accounting firms, The Times reported on Monday.
Warren Buffett urges Wells Fargo to look beyond Wall Street for next CEO: FT
Warren Buffett, whose Berkshire Hathaway Inc is Wells Fargo & Co’s largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive officer.
Copper producers gather; electric cars seen driving demand growth
Global copper producers are converging in Chile this week as tightening supply buoys prices, even as the industry grapples with declining ore quality, project delays and worries the U.S-China trade war may hit long-term demand.
