Asian shares pause near one-and-a-half-month highs before China data
Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth.
Renault-Nissan’s Ghosn received 7 million euros from Dutch JV: Les Echos
Ousted Renault-Nissan alliance chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi, French financial daily Les Echos reported on its website on Sunday.
Wife says ex-Nissan boss Ghosn suffers ‘harsh’ treatment in jail
The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his “harsh treatment” during detention in a Japanese jail, a letter seen by Reuters showed on Sunday.
Sears bankruptcy raises old questions about cost of going broke
Sears has survived the Great Depression and world wars. Whether the 126-year-old retailer stays afloat or goes out of business now hinges in part on paying for the enormous bill piled up by going broke.
Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing – sources
PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday.
Samsung to launch India-first smartphones to counter Chinese rivals
Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi in the world’s second-biggest mobile phone market.
U.S. warns German companies of possible sanctions over Russian pipeline
The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project.
German railway to propose sale of Arriva subsidiary: source
German rail operator Deutsche Bahn wants to sell its Arriva international subsidiary to plug a 4 billion euro ($4.6 billion) financing gap, though Britain’s looming exit from the European Union is making it hard to value the business, a source close to…
German antitrust body opposes Siemens-Alstom merger: report
Germany’s antitrust authority has expressed concerns to the European Union’s competition watchdog about the planned merger of the rail operations of Siemens and France’s Alstom , a newspaper reported on Sunday.
VW could face recall of more cars over emissions: report
Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen cars due to its emissions, scandal, the Bild am Sonntag newspaper reported on Sunday.
