Noble Group faces regulatory probe, days before closing $3.5 billion restructuring deal
Singapore authorities are investigating Noble Group Ltd for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse.
Bitcoin extends slide below $4,500, new 2018 low
Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500 <BTC=BTSP>, bringing the world’s best-known cryptocurrency’s losses to 30 percent within a week as a selloff in digital currencies intensified across the board.
Oil declines due to supply concerns after four days of gains
Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts.
Explainer: What misconduct is Nissan’s Ghosn accused of, and how did it come to light?
Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct.
France moves to oust Ghosn from Renault, defends alliance
France moved on Tuesday to oust Carlos Ghosn from the helm of Renault a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal.
iPhone demand worries send ripples through global markets
World stock markets fell on Tuesday as worries over softening demand for the iPhone prompted a sell-off by tech stocks around the world, while the arrest of car boss Carlos Ghosn pulled down Nissan and Renault.
Singapore authorities probing Noble Group for suspected false statements
Singapore authorities said on Tuesday they are investigating Noble Group Ltd for suspected false and misleading statements, just days after the company said its $3.5 billion debt restructuring had received approval from UK and Bermuda courts.
Ghosn in no position to lead Renault, says French finance minister
Carlos Ghosn should not remain in charge of Renault after his arrest in Japan, France’s finance minister said on Tuesday, urging the carmaker to move swiftly to install an interim management team to limit the damage.
Bitcoin extends slide to below $4,500; loses 30 percent in a week
Bitcoin tumbled more than 7.5 percent on Tuesday to below $4,500 <BTC=BTSP>, knocking off nearly a third in value of the world’s best-known cryptocurrency’s losses within a week as a selloff in digital currencies intensified across the board.
Renault board to discuss interim replacement for Ghosn: sources
The board of French carmaker Renault will on Tuesday discuss temporarily replacing Chairman and Chief Executive Carlos Ghosn while he remains in detention in Japan over alleged financial misconduct at alliance partner Nissan , sources familiar with th…
