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Updated: 2 hours 17 min ago

Nissan retains Saikawa as CEO, in likely rebuff of Renault

Fri, 05/17/2019 - 11:21
Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change in the Japanese automaker's leadership.
Categories: Financial Media

Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case - sources

Fri, 05/17/2019 - 11:09
The FBI is investigating corporate giants Johnson & Johnson, Siemens, General Electric and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters.
Categories: Financial Media

Tall chip tale? Huawei's backup plans leave experts unconvinced

Fri, 05/17/2019 - 10:46
Chip experts are calling out Huawei for its claims that it could ensure a steady supply chain without U.S. help, saying the technology the Chinese telecoms network gear maker buys from American companies would be "hard to replace".
Categories: Financial Media

Airlines face scramble to restore 737 MAX flights once regulators approve fix

Fri, 05/17/2019 - 10:01
Once global regulators clear Boeing Co's 737 MAX to fly again after deadly crashes, airlines which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history.
Categories: Financial Media

Exclusive: Kazakhstan to seek damages from Transneft for tainted oil loaded in Ust-Luga

Fri, 05/17/2019 - 09:28
Kazakh oil flowing via Russia to be loaded on tankers at the Baltic Sea port of Ust-Luga has been contaminated and Kazakhstan plans to seek compensation from Russian pipeline monopoly Transneft, a senior Kazakh energy official said.
Categories: Financial Media

Amazon squares up to Uber with backing for UK food app Deliveroo

Fri, 05/17/2019 - 09:04
Amazon has led a funding round in British online food delivery company Deliveroo, pitting itself against Uber Eats and other smaller providers in an escalating battle to deliver takeaway meals.
Categories: Financial Media

Starbucks' China challenger Luckin raises $561 million in U.S. IPO

Fri, 05/17/2019 - 08:57
Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted range and sold more shares than planned in the biggest U.S. float by a Chinese firm this year.
Categories: Financial Media

Chinese firms' missing $6 billion tests regulators' resolve

Fri, 05/17/2019 - 08:43
Cash is considered among the hardest assets for a company to fake, which is why the disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action.
Categories: Financial Media

China says always wants to resolve disputes through talks

Fri, 05/17/2019 - 08:39
China's foreign ministry said on Friday Beijing has always wanted to resolve all disputes through talks amid an escalating trade conflict with the United States.
Categories: Financial Media

Nissan says Saikawa retained as CEO, putting focus on Renault ties

Fri, 05/17/2019 - 08:08
Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault pushed for a change in the Japanese automaker's leadership.
Categories: Financial Media

Oil steady as Middle East tensions mounts, set for weekly gains

Fri, 05/17/2019 - 08:05
Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions.
Categories: Financial Media

Bitcoin sinks abruptly after seven weeks of recovery

Fri, 05/17/2019 - 07:29
The price of bitcoin abruptly sank more than 20% on Friday, a move that didn't appear to have a particular trigger and came after a strong recovery in the crypto-currency since early April that took it to 10-month highs.
Categories: Financial Media

Nissan says Saikawa to remain as CEO, Renault chief to join board

Fri, 05/17/2019 - 07:20
Japan's Nissan Motor Co said on Friday it would keep Hiroto Saikawa as its chief executive, while bringing in the boss of alliance partner Renault to its board.
Categories: Financial Media

Asia shares shudder as Beijing talks tough

Fri, 05/17/2019 - 07:13
Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China's media drowned out upbeat news on the U.S. economy and corporate earnings.
Categories: Financial Media

BP faces investor push to beef up fight against climate change

Fri, 05/17/2019 - 07:06
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.
Categories: Financial Media

New Zealand central bank revokes ANZ's permission to assess operational risk capital

Fri, 05/17/2019 - 07:01
New Zealand's central bank has revoked Australia and New Zealand Banking Group's local license to calculate its own operational risk capital due to "persistent" control failures, adding to the bank's minimum capital requirement in the country.
Categories: Financial Media

Palladium boom gives South African miners only temporary reprieve

Fri, 05/17/2019 - 06:18
A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough.
Categories: Financial Media

China evokes patriotism, past wars as trade conflict with U.S. heats up

Fri, 05/17/2019 - 05:52
The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party's People's Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars.
Categories: Financial Media

China says economic impact of U.S. trade tensions 'controllable'

Fri, 05/17/2019 - 05:52
China's state planner said on Friday trade frictions with the United States has had some impact on China's economy, but it was "controllable" and countermeasures would be rolled-out when needed to "keep economic operations within reasonable range".
Categories: Financial Media

U.S. 'not sincere' about wanting more trade talks with China: media

Fri, 05/17/2019 - 05:52
The United States is not sincere about wanting to resume trade talks with China and has damaged the atmosphere for negotiations with its recent moves, a state media social media account said.
Categories: Financial Media