Tuesday, December 25th, 2018

 

Court orders bail for Nissan executive linked to Ghosn case

TOKYO, Dec 25 — A Tokyo court today granted bail for a Nissan executive accused of a key role in the financial misconduct case involving auto tycoon Carlos Ghosn, who remains in detention. The Tokyo District Court said it had approved a request by…


Tokyo stocks plunge in Christmas rout

TOKYO, Dec 25 — Tokyo stocks plunged today as the few Asian markets open on Christmas suffered a holiday rout on fears about the US economy and a government shutdown in Washington. Tokyo markets, which were closed yesterday for a national holiday,…


Nigeria resolves US$8b row with South Africa mobile operator MTN

LAGOS, Dec 27 — Nigeria said it has resolved a dispute with Africa's largest mobile operator over US$8.13 billion (RM33.4 billion) which it accused MTN of illegally repatriating to South Africa. Africa's biggest telecoms market Nigeria shocked MTN…



Iran's economic woes go beyond sanctions, say analysts

TEHRAN, Dec 25 — Iran's government faces acute economic challenges as it announces its annual budget, expected today, and not all of its problems are the result of US sanctions. The rial has lost around half its value against the US dollar since…


China stocks down, tracking global selloff

SHANGHAI, Dec 25 — China stocks fell this morning and the Shanghai index approached a four-year low, tracking a global selloff as investors were rattled by Trump administration attempts at reinforcing confidence and the US president's comments…


US dollar hits four-month low vs yen as chaos engulfs Washington

TOKYO, Dec 25 — The US dollar fell to four-month lows against the yen today as investors cut exposure to riskier assets as Washington struggled with a partial government shutdown and open confrontation between the White House and the central bank….


Tokyo stocks dive more than 3pc on fears over US economy

TOKYO, Dec 25 — Tokyo stocks dived more than three per cent at the open today amid rising doubts about the US economy and fears sparked by a US government funding crisis. The benchmark Nikkei 225 index was down 3.18 per cent, or 640.33 points, at…


Cameroon rebels issue 'virtual revolutionary currency'

YAOUNDE, Dec 25 — Anglophone separatists in Cameroon yesterday announced they had launched a virtual currency, the AmbaCoin, to help fund their campaign for independence and provide humanitarian aid. The bitcoin-like currency, based on the…


Bangladesh's clothing manufacturers hit by protests

DHAKA, Dec 25 — Bangladesh's clothing manufacturers, which dominate the southern Asian nation's economy, are worried sporadic violence that has affected some factories ahead of Sunday's election will spread. Workers have been demanding higher…