Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning that his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn said on Thursday.
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The dollar snapped a six-day losing streak to add 0.25% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off reserve ratio cuts that could add $115 billion worth of liquidity.
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(Bloomberg) — Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.Futures held near $61 a barrel in New York. An Iran-backed Iraqi militia withdrew from the U.S. embassy in Baghdad after storming the compound to protest deadly airstrikes. The American Petroleum Institute reported crude inventories fell again last week, according to Reuters. Official data is due on Friday.Oil had a strong end to last year following an agreement by the Organization of Petroleum Exporting Countries and its allies to deepen output cuts, and …read more […]
Turkish police detained seven people, including four pilots, on Thursday in an investigation into how ousted Nissan boss Carlos Ghosn transited through Istanbul en route to Lebanon after fleeing Japan, a police spokeswoman told Reuters.
Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which eased demand concerns and rising tensions in the Middle East.
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World stock markets began the new year with a shot of Chinese stimulus, ensuring there was no immediate hangover after the gains of 2019.
(Bloomberg) — Shares of rating companies that missed signs of a default that triggered India’s mini-Lehman moment are soaring after the nation’s markets regulator imposed only a small penalty.Care Ratings Ltd. posted record gains and Icra Ltd. saw its biggest four-day advance in more than a year after the Securities and Exchange Board of India on Dec. 26 fined them 2.5 million rupees ($35,000) each on charges they overlooked facts while assessing Infrastructure Leasing & Financial Services Ltd. The probes didn’t find any malafide intent.“The penalty is very low and there has been no major stricture passed against the rating …read more […]
Tesla Inc will deliver its first Chinese made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday.
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