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Australia investigator met other regulators before Citi, Deutsche charges

An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG told a court he met agents from another regulator in a cafe to discuss the matter but the talks were "high level" only.



4 years ago

Nissan shares tumble to ten-and-a-half year low after earnings rout

Shares of Nissan Motor Co fell to their lowest in 10-1/2 years on Friday, tumbling nearly 10% after the struggling Japanese automaker cut its annual profit forecast and said it would not pay a dividend in the second half.



4 years ago

Samsung Electronics board chairman jailed for union-busting activities offers to resign

Samsung Electronics said on Friday that board chairman Lee Sang-hoon, who was sentenced to jail in December for sabotaging union activities, had offered to resign, without elaborating on a reason.



4 years ago

Renault cuts dividend, slices profit goal for 2020

French carmaker Renault warned that auto demand remained volatile, cut its dividend for 2019 and set a lower operating margin goal for 2020, a crunch year in which it wants to reboot its partnership with Japan's Nissan .



4 years ago

Asian shares aim for second week of gains amid virus scare

Asian shares inched higher on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic.



4 years ago

Portuguese communities lock horns with lithium miners to save their land

The lush, green hills where Paulo Pires has for years brought sheep to graze above his picturesque Portuguese village may soon be transformed by the race to power electric vehicles.



4 years ago

Hedge funds test Swiss tolerance with franc gambit

Hedge funds betting that the Swiss franc will climb further against the euro will soon meet their match, according to investors who are taking the other side of the trade.



4 years ago

Renault sets lower profit goal in crunch reboot year

French carmaker Renault on Friday posted its first loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partner Nissan after a scandal surrounding former boss Carlos Ghosn.



4 years ago

Cathay Pacific turns to old playbook for virus crisis amid employee resistance

Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests.



4 years ago

KLM apologizes after airliner crew's coronavirus toilet note sparks outrage in South Korea

KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus.



4 years ago

Dolce & Gabbana founders have received offers but have no plans to sell: paper

Italy's Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.



4 years ago

Renault's 2020 vision clouded as 'tough' year leads to first loss in a decade

Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance.



4 years ago

China urges U.S. to stop suppressing Chinese companies after Huawei indictment

China's foreign ministry said on Friday it urges the United States to immediately stop suppressing Chinese companies without reason, after U.S. prosecutors unveiled a new indictment against Huawei Technologies.



4 years ago

India court stalls Amazon, Flipkart antitrust probes: lawyers

An Indian antitrust investigation of Amazon.com Inc and Walmart's Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.



4 years ago

Nissan's South Korean unit planning voluntary redundancies: source

Nissan Motor Co's South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the automaker's shares sank to their lowest in more than a decade.



4 years ago