Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Venezuela settles $1.2 billion creditor claim to protect Citgo

    November 26, 2018 12:42 AM 85

    (Reuters) - Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents. The deal with Crystallex International Corp suspends the Canadian mining company’s push for a court-ordered

  • Former Nissan chairman Carlos Ghosn denies allegations against him: NHK

    November 25, 2018 6:27 AM 93

    TOKYO (Reuters) - Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misdoing, has denied the allegations against him, Japanese public broadcaster NHK said on Sunday. Ghosn, who has not spoken publicly, has told investigators that he had no intention of under-reporting his remuneration on financial documents and has denied

  • Arrested Nissan executive Kelly says Ghosn paid appropriately: NHK

    November 24, 2018 6:48 AM 79

    TOKYO (Reuters) - A former Nissan Motor (7201.T) executive arrested along with ex-chairman Carlos Ghosn has defended Ghosn’s compensation, saying it was discussed with other officials and paid out appropriately, Japanese public broadcaster NHK said on Saturday. In his first reported comments since his arrest on Monday, Greg Kelly was also quoted by NHK as saying

  • Exclusive: Logitech in talks to acquire headphone maker Plantronics

    November 23, 2018 11:20 PM 96

    (Reuters) - Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday. The deal would be by far Logitech’s largest acquisition and would illustrate the company’s push to diversify its business

  • Citigroup, JPMorgan to pay $182.5 million to settle rate-rigging lawsuit

    November 23, 2018 4:20 PM 92

    NEW YORK (Reuters) - Citigroup Inc and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark. A preliminary settlement addressing the banks’ alleged manipulation of the European Interbank Offered Rate, or Euribor

  • Now is not the time to re-open strategic Renault-Nissan talks: French official

    November 22, 2018 2:57 PM 83

    PARIS (Reuters) - France sees room for discussions about the future of the Renault-Nissan alliance but does not think now is the time to reopen talks about the power balance between the two carmakers, a French presidency official said on Thursday. Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock

  • China and U.S. accuse each other of hypocrisy as WTO litigation begins

    November 21, 2018 4:28 PM 88

    GENEVA (Reuters) - The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook. U.S. President Donald Trump has outraged U.S. trading partners by erecting a tariff

  • Abu Dhabi's IPIC files lawsuit against Goldman Sachs, others over 1MDB case

    November 21, 2018 3:31 PM 88

    DUBAI (Reuters) - Abu Dhabi’s International Petroleum Investment Co (IPIC) said in a statement on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses incurred due to the Malaysian state fund 1MDB. IPIC said in the statement it filed a civil legal action in New York against the parties, including Goldman

  • France and Japan want to pursue Renault-Nissan consolidation: Le Maire

    November 21, 2018 9:07 AM 92

    PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday France and Japan were keen to pursue the consolidation of the alliance between Renault and Nissan. Le Maire said he had yet to see evidence to support Nissan’s allegations of wrongdoing by Renault-Nissan boss Carlos Ghosn, adding that he would hold further talks on the matter

  • Japan government calls for stable alliance among Nissan, Renault, Mitsubishi

    November 21, 2018 2:37 AM 90

    TOKYO (Reuters) - Japan believes it is important for Nissan Motor Co (7201.T), Renault (RENA.PA) and Mitsubishi Motors Corp (7211.T) to maintain a stable alliance, its top government spokesman said on Wednesday. Chief Cabinet Secretary Yoshihide Suga made the comment in a regular news conference. The three automakers’ alliance has been jolted by the arrest