International News

Bloomberg Carlos Ghosn used public transportation to get from Tokyo to Osaka before boarding a private jet in his escape to Lebanon, broadcaster NTV reported, citing sources involved in the investigation. The former head of Nissan Motor Co and Renault SA took a bullet train around 4:30 pm local time on December 29 from Tokyo’s Shinagawa station, according to the ...

Bloomberg The Chinese trade delegation plans to sign the first phase of its trade deal with the US in Washington on January 15, according to people familiar with the matter. The plan is still to send its top negotiator, vice premier Liu He, to ink the deal, said the people, who asked not to be identified discussing the private plans. ...

Bloomberg Soon after he became president of the Philippines in 2016, Rodrigo Duterte ordered government officials “to refrain from changing and bending the rules of government contracts.” Halfway through his six-year term, Duterte’s commitment is under question. In December, the firebrand leader ordered the renegotiation of long-agreed contracts for Manila Water Co and Maynilad Water Services Inc to supply the ...

Bloomberg After ousting his protege-turned-foe from the helm of Tata Sons Pvt in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again — this time in a court. India’s Supreme Court is expected to hear as early as this week an appeal by the $111-billion conglomerate ...

Bloomberg India’s main services index rose to the highest level in five months in December as improving new work orders helped boost activity in the country’s dominant sector. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, suggesting a strong end to the calendar year. The level was the highest since July. A reading ...

Bloomberg Japan said it would tighten immigration procedures in the wake of Carlos Ghosn’s dramatic escape from the country after skipping bail, and ordered an investigation on how the former Nissan Motor Co chief disappeared. Justice Minister Masako Mori said authorities were “promptly” asked to find out how Ghosn left Japan without detection once she became aware of the incident. ...

Bloomberg Cyrus Mistry, the former head of Tata Sons Ltd will not seek to return as chairman of India’s biggest conglomerate despite winning a court case against his ouster. The National Company Law Appellate Tribunal, last month, also ordered Mistry to be reinstated as director of Tata companies. Mistry in an emailed statement on Sunday said he will not seek ...

Bloomberg The head of NIO Inc pledged an improvement in the struggling Chinese electric-car maker’s finances as demand picks up and the company’s cost-cutting efforts start to bear fruit. NIO’s sport utility vehicles (SUV) will be competitive not just against other electric models, but all premium cars in the same price range, said William Li, NIO’s co-founder and chief executive ...

Bloomberg WeWork will have to pay about $17 million to its co-chief executives Artie Minson and Sebastian Gunningham if they are fired or leave the company for multiple reasons, the Financial Times reports, citing documents and people briefed on the matter. Minson and Gunningham would receive $8.3 million each under the exit packages negotiated. Chief legal officer Jennifer Berrent would ...

Bloomberg India’s finance ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts. Through a video conference on December 16, officials were exhorted to meet the direct tax mop-up target of 13.4 trillion rupees ($187 billion), a government official told reporters. Collection in the eight months to November grew at 5% ...