International News

Bloomberg One of Nissan Motor Co’s most senior executives and a close confidant to its jailed chairman, Carlos Ghosn, has resigned from the company one week after taking a leave of absence. Jose Munoz, Nissan’s chief performance officer, resigned effective immediately, according to a post on his LinkedIn page and a company spokesman. Munoz, 53, had reported directly to Chief ...

Bloomberg Zhejiang Geely Holding Group denied selling any of its 9.7 percent stake in Daimler AG, following a Bloomberg report that the holding had been cut in half. Geely, in a statement on its website, said that as a long-term investor in Daimler and its largest single shareholder, it has no plans to cut its holding in Daimler and that ...

Bloomberg Tata Consultancy Services Ltd narrowly missed analyst estimates as quarterly profit was hit by a volatile currency and unexpected rise in employee costs. Asia’s largest software outsourcing provider reported a 24 percent increase in net income to 81.1 billion rupees ($1.2 billion) in the three months ended in December, compared with the 81.9 billion-rupee average of estimates. Sales came ...

Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, were filed on December 10, said the person, asking not ...

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks being paralysed in the event of a hard Brexit if ...

Bloomberg US job openings fell to a five-month low in November while still exceeding the number of unemployed Americans by almost 1 million, data consistent with a tight job market. The number of positions waiting to be filled fell by 243,000 to 6.89 million, from a revised 7.13 million in the prior month, according to the Job Openings and Labor ...

Bloomberg When CBS Corp board members go to Los Angeles for their January 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios. The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc, according to people familiar with ...

Bloomberg PG&E Corp’s financial woes have spiralled into a crisis of confidence on Wall Street and beyond after fallout from deadly wildfires hobbled the company’s credit rating and eviscerated more than $16 billion of market value. The embattled California power giant’s bonds were among the biggest decliners in the high-yield market. Protesters interrupted a California Public Utilities Commission meeting in ...

Bloomberg The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in at more than two decades and more pain predicted in 2019. Sales in the world’s biggest market fell 6 percent to 22.7 million units last year, the first annual decline in at least two decades, ...

Bloomberg China Road & Bridge Corp won a tender for 77 billion CFA francs ($134 million) to build a bridge in the West African nation’s commercial capital, Abidjan. The contract is part of the $700 million Cocody Bay precinct project, the presidency said in a statement published in the state-owned Fraternite Matin newspaper. Funded by the Islamic Development Bank, it ...