Ghosn shakes up legal team from Japanese cell

TOKYO, Feb 13 — Former Nissan boss Carlos Ghosn today shook up his top legal team as he vowed to prove his innocence and defend himself with vigour against charges of financial misconduct. In the latest twist to a saga that has gripped Japan and…

Renault to scrap Ghosn’s €30m golden parachute, say sources

PARIS, Feb 13 — The board of Renault was poised to cancel as much as €30 million (RM138 million) in deferred pay and severance to its ousted boss Carlos Ghosn, as directors met today to approve its full-year accounts, sources told Reuters….

Brexit concerns, inflation keep pound below US$1.29

LONDON, Feb 13 — Sterling held below the US$1.29 line today as inflation, which fell to a two-year low in January, failed to shake the currency out of its recent trading ranges with markets firmly focused on the progress of Brexit negotiations….

Carlos Ghosn’s lead defence lawyer resigns

TOKYO, Feb 13 — Two lawyers defending former Nissan chief Carlos Ghosn on charges of financial misconduct submitted their resignations today, their law firm said in a statement. There was no immediate explanation as to why the attorneys, who…

Ringgit to hit 3.8 versus greenback by end-2019, RHB Research says

KUALA LUMPUR, Feb 13 — The ringgit may advance gradually to breach the psychological level of 4.0 against the US dollar again, and continue its strengthening path to 3.80 by end-2019, according to RHB Research. Malaysia’s heightened forex…

Malaysia to double palm oil used in transport biodiesel to 20pc in 2020

KUALA LUMPUR, Feb 13 — Malaysia aims to double the palm oil content in biodiesel used for the transport sector to 20 per cent next year, as South-east Asia’s third-largest economy looks to cut record stockpiles and boost prices, a government…

US’ Mnuchin hopes for ‘productive’ trade meetings in China

BEIJING, Feb 13 — US Treasury Secretary Steven Mnuchin said today he hopes for “productive” trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at…

Asian stocks lifted by US-China trade talk hopes

TOKYO, Feb 13 — Asian stocks pulled ahead and safe-haven government bonds came under further pressure today on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute. MSCI’s…

UK posts slowest growth in six years as Brexit looms

LONDON: The British economy grew at its slowest pace in six years in 2018, data showed Monday, as Brexit uncertainty grips the country and fears grow that Britain could crash out of the EU without a deal. The bleak official figures came as the British government seeks to win more time to secure EU concessions […]

How a Philippines regulator stymied DowDuPont’s global seed launch

WINNIPEG, MANITOBA/CHICAGO: A Philippines regulator poses an unexpected obstacle to DowDuPont’s launch of a new line of genetically engineered soybeans in the United States as the company challenges Bayer AG’s decades-long dominance of the US seed market. China’s January approval for imports of DowDuPont’s Enlist E3 soybeans – amid the US-China trade war – had […]