Stocks inch up before Fed as Apple relief offsets Brexit complications
World stocks inched up and the dollar steadied on Wednesday ahead of policy guidance from the U.S. Federal Reserve, with Apple results providing relief while market confidence that a no-deal Brexit can be avoided took a hit.
Ghosn says Nissan executives used ‘plot and treason’ to halt Renault integration: Nikkei
Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him.
Siemens CEO calls on Europe to approve Alstom rail merger
Siemens Chief Executive Joe Kaeser called on European antitrust authorities not to be “backward looking technocrats” and approve the German company’s planned rail mega-merger with France’s Alstom.
South Korean city approves low-wage carmaking JV with Hyundai Motor
A council in the South Korean city of Gwangju on Wednesday approved a low-wage carmaking joint venture with Hyundai Motor, an official at the council said.
Ghosn says allegations result of Nissan executives opposing integration plans with Renault
Carlos Ghosn said Nissan executives opposed to his plan for closer ties with automaking partner Renault SA were behind the financial misconduct allegations against him.
Exclusive: Juul plans India e-cigarette entry with new hires, subsidiary
U.S.-based electronic cigarette company Juul Labs Inc is hoping to launch its products in India by late 2019, a person familiar with the strategy told Reuters, marking one of its boldest bets to expand away from its home turf.
Chinese EV carmaker NIO aims to raise $650 million via convertible bond
Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million five-year convertible bond on Wednesday, aiming to use the proceeds to fund expansion.
Renault-Nissan group sold most cars last year, but VW’s No.1 including trucks
Volkswagen Group has held on to its position as the world’s top-selling automaker for the fifth year in a row, although the German group was edged out again by the Renault-Nissan-Mitsubishi alliance in the light-duty vehicles segment.
BlackRock cuts stake in scandal-hit Danske Bank to below 5 percent
BlackRock has cut its holding in Danske Bank, which is embroiled in a major money laundering scandal, Denmark’s biggest bank said in a statement.
Oil prices flat, caught between Venezuela supply concerns and gloomy economic outlook
Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy.
