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In Dutch court, Ghosn seeks release of internal documents

Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .



4 years ago

Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak - sources

More than 300 Chinese firms including Meituan Dianping , China's largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said.



4 years ago

Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.



4 years ago

Apple supplier Foxconn restarts key China plant with 10% workforce: source

Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10% of the factory's workforce has managed to return so far, a source told Reuters.



4 years ago

In Dutch court, fugitive Ghosn fights for document release

Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .



4 years ago

State of Financial Services Industry Report 2020 (Oliver Wyman): When Vision and Value Collide

Olivery Wyman | Chris Allchin and Ted Moynihan | February 2020 Financial institutions face a big challenge: creating the business of the future from the legacy they have today. There is considerable investment and activity underway to make this transformation. Firms have set up incubators, accelerators, and innovation teams, often consuming considerable management attention. They

4 years ago

China rejects Foxconn's request to resume production in key Shenzhen plant: source

Taiwan's Foxconn was not allowed to resume production in its plant in the southern Chinese city of Shenzhen that had been shut due to the coronavirus outbreak, a person with direct knowledge of the matter told Reuters on Monday.



4 years ago

Futures tread water as investors weigh coronavirus impact

U.S. stock index futures were flat on Monday after Wall Street's rise last week, with investors monitoring the economic impact of the coronavirus outbreak and company updates as workers returned to work in China.



4 years ago

Amazon challenges India antitrust probe in court: filing

Amazon.com Inc has begun legal action in India to quash an antitrust investigation against the company, saying it could cause "irreparable" loss and damage to its reputation, according to its court filing seen by Reuters.



4 years ago

Coronavirus uncertainty subdues global shares, dollar eases after rally

Global shares sank on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares rose as authorities lifted some work and travel curbs, helping businesses to resume operations.



4 years ago

China's Geely Automobile in talks on boosting ties with Volvo

China's Geely Automobile said on Monday it is in early discussions with Swedish carmaker Volvo Car AB about combining the two businesses into a global business with listings in Hong Kong and Stockholm.



4 years ago

Exclusive: Ryanair marketing chief Jacobs to leave in April

Ryanair Chief Marketing Officer Kenny Jacobs, who spearheaded the airline's drive to improve customer service, is to leave his position after six years at the end of April to pursue other challenges, he told Reuters on Monday.



4 years ago

Nissan to halt production at Japan factory due to coronavirus

Nissan Motor Co will temporarily halt production at its plant in Kyushu, southwestern Japan, due to the coronavirus, the Japanese automaker said on Monday, as the outbreak starts to strain the global supply chain.



4 years ago

Xerox raises takeover offer for HP

Xerox Holdings Corp raised its offer to buy HP Inc to $24 per share from $22 per share on Monday, following several rejections of its previous buyout offer by the PC maker.



4 years ago

Why FICO's new scoring model may not mean much for consumers

Although a new scoring model from FICO will be available at the three large credit-reporting firms by the end of the year, consumers shouldn't expect the score that lenders use to change anytime soon.

4 years ago