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Japan’s Mitsubishi CEO: Tough to manage car alliance without Ghosn

Japan’s Mitsubishi CEO: Tough to manage car alliance without Ghosn

Mitsubishi Motors CEO Osamu Masuko. (AFP pic) TOKYO: The Renault, Nissan and Mitsubishi car alliance may be hard to manage without the unifying figure of chairman Carlos Ghosn, who is in police custody in Japan facing financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko said on Tuesday. “I don’t think there is anyone else on […]

November 20, 2018 | By | Reply More
iPhone demand worries send ripples through global markets

iPhone demand worries send ripples through global markets

  Frankfurt Stock Exchange (AFP pic) LONDON: World stock markets fell on Tuesday as worries over softening demand for the iPhone prompted a tech stock selloff across the world, while the arrest of car boss Carlos Ghosn pulled Nissan and Renault sharply lower. Meanwhile, the dollar sagged on worries about the US economy after a […]

November 20, 2018 | By | Reply More
France moves to oust Ghosn from Renault, defends alliance

France moves to oust Ghosn from Renault, defends alliance

Nissan chairman Carlos Ghosn was arrested in Tokyo on Nov. 19. (AFP pic) PARIS/TOKYO: 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, Ghosn, […]

November 20, 2018 | By | Reply More
Singapore probing Noble Group for suspected false, misleading statements

Singapore probing Noble Group for suspected false, misleading statements

SINGAPORE: Singapore authorities are investigating Noble Group Ltd for suspected false and misleading statements, just days before the Singapore-listed company was to complete its US$3.5 billion (RM14.6 billion) debt restructuring deal to prevent its collapse. Noble, once Asia’s top commodity trader, has seen its market value all but wiped out from US$6 billion in February […]

November 20, 2018 | By | Reply More
CompareHero.com to include info on insurance products from next year

CompareHero.com to include info on insurance products from next year

KUALA LUMPUR: Comparison site CompareHero.my, which currently focuses on providing information for financial and telecommunication products, is looking to include the insurance industry in its free services. “We have yet to provide (comparisons for insurance products), but it is something on our list to be done within the first half of 2019,” its country manager […]

November 20, 2018 | By | Reply More
Short-term risks cast shadow over
East Asia’s local currency bond markets

Short-term risks cast shadow over East Asia’s local currency bond markets

MANILA: General risk aversion towards emerging markets, faster-than expected increases in US interest rates and escalating global trade tensions continue to cast a shadow over emerging East Asia’s local currency bond markets, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. It opined however that emerging markets should be able […]

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Shanxi, Shaanxi poised for growth

Shanxi, Shaanxi poised for growth

TAIYUAN/XI’AN: Shanxi and Shaanxi may sound the same, but these are two distinct, adjacent provinces in China that have seen rapid development having evolved 40 years on following the Chinese economic reform. With China’s Belt and Road Initiative that focuses on improving connectivity and cooperation among multiple countries to boost economic activity, Malaysian entrepreneurs and […]

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TNB gets ISO cert for anti-bribery management

TNB gets ISO cert for anti-bribery management

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) obtained ISO 37001 certification (Anti-Bribery Management System) last week, marking the successful completion of a two-year journey of developing a TNB Corporate Integrity Management System (TCIMS). The TCIMS, which is based on the ISO 37001 standard, covers elements such as due diligence, financial and non-financial controls, policies on specific […]

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Iran to cap petrol sales to curb smuggling

Iran to cap petrol sales to curb smuggling

Iran is reintroducing fuel cards that will cap petrol purchases in a bid to combat smuggling which has boomed in recent months as the rial has plummeted against the dollar in the face of the imposition of US nuclear sanctions (AFP pic) TEHRAN: Iran is reintroducing fuel cards that will cap petrol purchases in a […]

November 20, 2018 | By | Reply More
Gold worth US$37 billion traded in London each day

Gold worth US$37 billion traded in London each day

(AFP pic) LONDON: Members of the London Bullion Market Association (LBMA) traded at least 30.2 million ounces of gold worth $36.9 billion each day last week, the LBMA said on Tuesday, presenting new data that gives the most accurate picture yet of the London market. London is a global gold trading hub but most transactions […]

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