Sunday, September 8th, 2019

 

Nikkei: Nissan CEO Saikawa tells some executives he plans to resign

TOKYO, Sept 8 — Nissan Motor Co Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported today, in what would mark the latest upheaval over governance at the troubled Japanese automaker. Nissan,…


Oil majors to mull fresh cuts as trade war hits prices

DUBAI, Sept 8 — Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war. The Opec petroleum exporters’ cartel and key…


Fuel supplies restored to debt-ridden Air India

NEW DELHI, Sept 8 — Fuel supplies have been restored to debt-ridden Air India at six airports following government-mediated talks, after a two-and-half-week suspension by oil companies over the late payment of dues, local media reported. Fuel…


Asean committed to narrowing development gap

BANGKOK, Sept 8 — Asean member countries have reaffirmed their commitment to narrow the development gap within the economic bloc in the pursuit of shared prosperity and an inclusive economic community. In a joint statement in conjunction with the…


Higher trade and foreign investments for Asean in 2018

BANGKOK, Sept 8 — Asean collectively recorded higher trade and foreign direct investments (FDIs) last year despite current global economic uncertainties and the ongoing trade war between China and the United States (US). In a joint statement in…


Smooth succession: Jack Ma eases out of a thriving Alibaba

SHANGHAI, Sept 8 — Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English…


China's August exports unexpectedly shrink, imports remain weak

BEIJING, Sept 8 — China's exports unexpectedly fell in August while imports shrank for a fourth month, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the Sino-US trade war…


Indonesia nickel-ore export U-turn throws up investor red flag, say analysts

JAKARTA, Sept 8 — Indonesia's surprise plan to roll out a nickel-ore export ban two years early could scare foreign investors away from South-east Asia's biggest economy, analysts say, as it cements a reputation for policy flip-flops. Nickel…


KLM ground staff cancel planned Sunday strike over pay and conditions

AMSTERDAM, Sept 8 — Ground staff at Dutch airline KLM have cancelled a strike scheduled for today, trade union FNV said. Baggage handlers and other ground personnel of Air France-KLM's Dutch arm were to stop working for four hours today, starting…


Greek PM unveils economic reforms to attract investors

THESSALONIKI, Sept 8 — Greece's Prime Minister Kyriakos Mitsotakis announced yesterday “audacious reforms” and fiscal measures to attract foreign investment as the country battles back from an unprecedented debt crisis. Thanks to the reforms,…