Nissan shares set to tank on Ghosn’s arrest over financial misconduct
Shares of Nissan Motor Co were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance.
U.S. recession chances edge up, risk Fed delivers fewer hikes: Reuters poll
The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down.
New Petrobras CEO rules out privatization, wants non-core asset sales
A University of Chicago-trained economist named on Monday to head Brazil’s Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production.
Northrop Grumman wins $490 million U.S. defense contract: Pentagon
Northrop Grumman Corp has been awarded a $490 million U.S. defense contract for the sale to Japan of Global Hawk unmanned surveillance aircraft, the Pentagon said on Monday.
Apple, trade woes sink stocks; growth worries drag on dollar
World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
Wall Street tumbles as Apple, internet stocks swoon
U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.
Crude rises slightly despite oversupply fears
Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
Deutsche Bank was correspondent bank for Danske Bank in Estonia: spokesman
Deutsche Bank processed payments for Danske Bank in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday.
Wall Street hit by Apple and internet shares, trade worries
The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution.
GE shakes up power unit leadership, taps retired exec to help
General Electric Co shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help.
