Thursday, 20 December 2018

Nissan ex-chief Ghosn vows to restore his honor in court: NHK

Nissan ex-chief Ghosn vows to restore his honor in court: NHK

Nissan Motor Co's jailed ex-chairman, Carlos Ghosn, vowed to restore his good name in court after a month in detention, Japanese public broadcaster NHK said on Friday, quoting his lawyer.

Trump tariff war with China sends U.S. retailers on buying binge

In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory.

Wall St slides on Fed plans; Nasdaq flirts with bear territory

U.S. stocks slid on Thursday, with the Nasdaq on the cusp of confirming bear market territory, as the Federal Reserve's plan to continue its balance sheet reduction and the threat of a partial government shutdown fueled investor anxieties.

Nissan to lay off 1,000 Mexican workers, cites market challenges

Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing "challenging market conditions," the company said on Thursday.

North America online sales drive Nike's quarterly results beat

Nike Inc's quarterly revenue and profit beat Wall Street estimates on Thursday, as it benefited from selling more items online at full price in North America, sending the shares of the world's largest footwear maker up 8 percent.

Nasdaq drop leaves it just shy of bear market

The Nasdaq Composite Index , known for its high-profile technology and internet companies, closed no more than a rounding error from bear market territory on Thursday.

Musk, GM weigh fate of Ohio plant Trump wants saved

Tesla Inc Chief Executive Elon Musk raised hopes again on Thursday that he could ride to the rescue of a threatened General Motors Co car plant at the center of a political storm about auto jobs, and GM replied, saying the Ohio factory's fate depends on union talks next year.

GM to respond by January 7 to Canada union efforts to save plant

General Motors Co will respond by Jan. 7 to a Canadian union's proposals for keeping an Ontario auto assembly plant open, the head of Canada's largest private sector union said on Thursday.

U.S. bank regulators sign off on 'living wills' for foreign banks

U.S. banking regulators announced on Thursday they had signed off on "living wills" for four foreign banks - Barclays , Credit Suisse , Deutsche Bank and UBS - detailing how they could safely be dissolved in a crisis.

Russian tycoon in GAZ sanctions talks; investors get more time

Oleg Deripaska's team, which secured the lifting of U.S. sanctions on the Russian tycoon's aluminum and energy businesses, is also working to get them removed from his automaker GAZ , five sources close to the talks said.

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