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Page 1777 - Business Finance

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Updated On : 21 Nov 2018 | 9:04 AM IST
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Updated On : 21 Nov 2018 | 9:04 AM IST
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Updated On : 21 Nov 2018 | 9:04 AM IST
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Updated On : 21 Nov 2018 | 9:04 AM IST
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Updated On : 21 Nov 2018 | 9:04 AM IST
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Updated On : 21 Nov 2018 | 9:04 AM IST

Japan prosecutors weigh bringing case against Nissan after Ghosn arrest -Asahi

TOKYO (Reuters) - Japanese prosecutors are considering bringing a case against Nissan Motor Co after Chairman Carlos Ghosn's arrest on suspicion of financial misconduct, the Asahi Shimbun daily said on Wednesday.

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Updated On : 21 Nov 2018 | 8:55 AM IST

UN Environment chief quits after frequent flyer allegations

Erik Solheim has resigned as the head of the UN Environment Programme (UNEP) amid frequent flyer allegations of spending too much time and money travelling.

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Updated On : 21 Nov 2018 | 8:25 AM IST

Japan seeking charges against Nissan over Ghosn: report

Japanese prosecutors are poised to file charges against car giant Nissan over the alleged falsification of financial reports linked to the arrest of chairman Carlos Ghosn, a report said Wednesday. According to the Asahi Shimbun daily, which did not cite its sources, the Tokyo district public prosecutors office believes the automaker also has a case to answer in the under-reporting of the tycoon's compensation package over five years. Both the prosecutors office and the company declined to comment on the report. French and Japanese officials are scrambling to reassure investors on the fate of the Nissan-Renault-Mitsubishi Motors alliance as stocks plunged following the arrest of Ghosn, who is credited with overseeing a revival in the group's fortunes. Prosecutors have reportedly negotiated a plea bargain allowing Nissan officials who cooperate with authorities to receive lesser charges or lighter penalties. This is only the second time plea bargaining has been used since Japanese law ..

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Updated On : 21 Nov 2018 | 8:20 AM IST

Noble Group hit by regulatory probe, days before closing $3.5 billion restructuring deal

SINGAPORE (Reuters) - 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.

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Updated On : 21 Nov 2018 | 8:15 AM IST

Renault appoints provisional leadership, retains Ghosn as chairman

French automobile group Renault decided to appoint two interim heads of the company to replace Carlos Ghosn, who remains as Chairman and Chief Executive Officer but is "temporarily incapacitated," the company announced in a statement.

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Updated On : 21 Nov 2018 | 7:55 AM IST

eBay polishes plans for online second-hand luxury watch market

ZURICH (Reuters) - Buying a second-hand luxury watch on eBay should get easier next year as the company gets better at checking that only genuine timepieces are sold on the online platform.

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Updated On : 21 Nov 2018 | 6:35 AM IST

Bitcoin crashes to lowest this year, losses top 25 percent in a week

LONDON (Reuters) - Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world's best-known digital coin to 25 percent within a week.

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Updated On : 21 Nov 2018 | 6:30 AM IST

U.S. Oil prices stabilise after 6-percent slump, but market remains on edge

SINGAPORE (Reuters) - U.S. Oil prices stabilised on Wednesday after slumping more than 6 percent the previous day, with some support coming from a report of an unexpected drop in U.S. commercial crude inventories.

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Updated On : 21 Nov 2018 | 6:30 AM IST

Asia stocks drop, oil stymied as growth woes grip global markets

TOKYO (Reuters) - Asian stocks fell on Wednesday, weighed by a renewed bout of selling on Wall Street, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets.

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Updated On : 21 Nov 2018 | 6:15 AM IST

Oil slumps 6 percent as equities slide feeds demand worry

NEW YORK (Reuters) - Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth.

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Updated On : 21 Nov 2018 | 5:45 AM IST

Gold dips as investors opt for safe-haven dollar, bonds

BANGALURU (Reuters) - Gold prices edged downward on Tuesday as investors flocked to the dollar and U.S. government bonds amid steep declines in global stock markets, denting appeal for non-interest bearing bullion.

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Updated On : 21 Nov 2018 | 5:45 AM IST

EU to take first step to disciplining Italy over 2019 budget

BRUSSELS (Reuters) - The European Commission will on Wednesday take the first step towards disciplining Italy over its draft 2019 budget, backed by euro zone governments worried that Rome's borrow-and-spend plans could trigger another debt crisis that would hurt them all.

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Updated On : 21 Nov 2018 | 5:25 AM IST