• Renault keeps Carlos Ghosn as CEO despite arrest in Japan

    Renault keeps Carlos Ghosn as CEO despite arrest in Japan

    Finance

    This goes against the decisions that the other two member-companies of the Renault-Nissan-Mitsubishi Alliance made to have him ousted and could cause serious problems down the road if the three companies don't come to an agreement. On the other hand, Nissan owns just 15 percent of Renault which gives it no voting rights or control over its French partner. Le Maire said authorities have examined Ghosn's tax situation in France but have found no wrongdoing.
  • Oil Rebounds From One-Year Low as U.S. Crude Stockpiles Drop

    Oil Rebounds From One-Year Low as U.S. Crude Stockpiles Drop

    Finance

    As of 10:26 a.m. EST Brent crude front-month prices fell 1.2 percent to $65.95 per barrel, while WTI front-month was 1.1 percent lower to $56.06 per barrel, partly recovering from deeper declines earlier in the session. Amid the uncertainty, financial traders have become wary of oil markets, seeing further price downside risks from the growth in USA shale production as well as the deteriorating economic outlook.
  • Carlos Ghosn not currently fit to lead Renault, says French finance minister

    Carlos Ghosn not currently fit to lead Renault, says French finance minister

    Finance

    Renault and Nissan Motor Co.'s chairman Carlos Ghosn listened during a media conference, October 2017, outside Paris , France. According to NHK and the Kyodo News Service, Nissan paid Ghosn almost $89 million over five years through March 2015, including salary and other income from the company, but reported as if he only made 5 billion yen ($44 million), or half of what he had received.
  • Best Black Friday Deals on Amazon Echo Devices

    Best Black Friday Deals on Amazon Echo Devices

    Finance

    The name "Black Friday" soon grew throughout the U.S and today, it commonly marks the start of the Christmas season, where shops compete to offer the best deals. Once you're signed up for Prime, you'll be able to reserve your turkey in advance and save even more with turkey prices dropping down to $2.99 a pound for organic and $1.99 a pound for no antibiotic.
  • UK PM gets backing from cabinet for Brexit deal

    UK PM gets backing from cabinet for Brexit deal

    Finance

    However, a rebellion of 48 lawmakers would mean Mrs. I don't feel I can do that in good conscience. LONDON, ENGLAND - NOVEMBER 13: Work and Pensions Secretary Esther McVey arrives at 10 Downing Street on November 13, 2018 in London, England.
  • Is the iPhone XR in trouble? One superstar analyst thinks so

    Is the iPhone XR in trouble? One superstar analyst thinks so

    Finance

    Among other Apple suppliers, South Korea's LG Innotek Co., which gets about half its revenue from Apple, slid as much as 9.5 percent. The suppliers include Lumentum Holdings which supplies Apple with key hardware for Face ID along with Japan Display and IQE.
  • Alibaba hits another 'Singles Day' record, growth slows

    Alibaba hits another 'Singles Day' record, growth slows

    Finance

    The total gross merchandise volume (GMV) for this year's Singles' Day - or the value of total transactions on the platform - is keenly watched as a barometer of consumer spending and retail health in the world's second-biggest economy amid the trade war with US.
  • Tesla names Robyn Denholm as chair to replace Elon Musk

    Tesla names Robyn Denholm as chair to replace Elon Musk

    Finance

    She also has worked at various technology companies including Juniper Networks and Sun Microsystems and held finance management posts at Toyota Motor Corp.in Australia. "The fact that he can remain CEO is very important for the company". And the SEC is still a factor - Tesla received a subpoena last week from the SEC concerning Model 3 production forecasts in 2017, according to The Verge.
  • 2018 could be known as the vote of the 'ticked off'

    2018 could be known as the vote of the 'ticked off'

    Finance

    The first result would represent a rebuke to Trump's entire political approach: His failure to tame his volatile instincts in the interests of national unity and his unwillingness to embrace the presidency itself as a national trust. Jerry Nadler said in a statement that the results are an indication that "Americans are demanding accountability". "House Republicans fought the good fight, but the headwinds of history and the president's unpopularity in suburban areas proved too much".
  • Lowe's closing 31 Canadian stores

    Lowe's closing 31 Canadian stores

    Finance

    Ellison. An accompanying news release describes the 51 locations, 20 of them in the USA, as "underperforming". Lowe's on Thomas Burgin Parkway in Quincy is the only store in MA impacted by the closures. Lowe's said the US stores are closing immediately. Ellison told investors in August that the smaller OSH stores were not running well and could never become a big part of Lowe's overall business.
  • Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

    Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

    Finance

    Iranian state television aired footage of defense drills taking place in the country's north through Tuesday as President Hassan Rouhani said the nation faces a "war situation" against a "bullying enemy". "In 2019, our projections are that oil supply will exceed demand, and that creates a much better atmosphere for us to bring remaining nations to zero as quickly as possible", Hook said.
  • Amazon’s gift? Free holiday shipping for everyone

    Amazon’s gift? Free holiday shipping for everyone

    Finance

    Target last month said it would offer free two-day shipping on hundreds of thousands of items, with no minimum order size, from November 1 to December 22 - a move created to keep customers looking to shop online from defecting to rivals like Amazon or Walmart, which both charge for expedited shipping.
  • Trump, Xi upbeat on ending trade war

    Finance

    The U.S. and Chinese presidents will "certainly" meet at the G-20 summit in Argentina, White House trade adviser Peter Navarro said Friday. Despite the promise offered by the Trump-Xi telephone call, the level of tension between the two nations was demonstrated just hours after it ended when the U.S.
  • Russia, US, Saudi Arabia produce 33% of global oil supplies

    Russia, US, Saudi Arabia produce 33% of global oil supplies

    Finance

    Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. USA stocks suffered big losses Wednesday, with the Dow Jones Industrial Average sinking over 600 points, which raised concerns that a possible slowdown in global economic growth could reduce oil demand.
  • India ranks 77th in ease of doing business rankings

    India ranks 77th in ease of doing business rankings

    Finance

    Hong Kong performed best when it came to ease of dealing with construction permits (1), paying taxes (1), getting electricity (3) and starting a business (5). The country has moved over 60 places under the current government. A total of 25 reforms were carried out in Latin America and the Caribbean in the past year.
  • RBI autonomy essential, says finance ministry amid rift with central bank

    RBI autonomy essential, says finance ministry amid rift with central bank

    Finance

    Another report in the Times of India said the government had mentioned the rule to the RBI in consultations, without invoking it. Prompt corrective action (PCA): 11 public and 1 private bank in the country have been placed under what is called a PCA framework - rules the RBI puts in place for weaker banks - which bars lending by these banks, among other things, until they strengthen their capital base.
  • Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

    Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

    Finance

    Hong Kong's Hang Seng index.HSI sank 2.2 percent. In New York, the Dow Jones industrial average was down 396.17 points at 24,921.24. Australian shares are set to start off the last day of the trading week higher. The FAANG stocks, some of the highest fliers in the market since the beginning of 2017, were punished especially hard on Wednesday on no major market-moving news in the space, as Netflix ( NFLX ) shares fell 9.4%, Facebook (FB) stock fell 5% to approach a new 52-week low, while ...
  • China blasts Trump phone hack report as 'fake news'

    China blasts Trump phone hack report as 'fake news'

    Finance

    Trump was warned by USA intelligence agencies, that Chinese spies have been eavesdropping on his calls and exploiting the information as they negotiate an ongoing trade dispute, The New York Times reports . The daily reiterated that calls made by President Trump to his friends through these cellphones are being listened and analysed by the Chinese and the Russians.
  • Vince McMahon Dismisses Question After WWE Crown Jewel Not Canceled

    Vince McMahon Dismisses Question After WWE Crown Jewel Not Canceled

    Finance

    TASI, the largest Arab bourse, is 8.4 percent higher on the year. Central Intelligence Agency director Gina Haspel has briefed President Donald Trump on her recent visit to Turkey, where she met with Turkish officials to understand what they know on the killing of Saudi journalist Jamal Khashoggi .