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Bloomberg Nissan Motor Co.’s former chairman Carlos Ghosn, indicted on suspicion of violating Japan’s financial reporting laws, will mount a “vigorous defense” at his first hearing on Monday, his son, Anthony, told France’s Journal Du Dimanche in an interview. Carlos Ghosn will attend a hearing of the Tokyo district court on Monday after his legal team requested an explanation of ...

Bloomberg Xiaomi Corp. bought a stake in Chinese home-appliance maker TCL Corp as the two companies agreed to cooperate on the development of smart products and electronic devices. Xiaomi bought 65.2 million shares, or 0.48 percent, of TCL from the secondary market as of January 4, Guangdong-based TCL said in a statement to the Shenzhen Stock Exchange on Sunday. TCL ...

Bloomberg Japan will consider countermeasures to protect Nippon Steel & Sumitomo Metal Corp. assets from seizure in South Korea sought in response to a wartime forced-labour complaint, Prime Minister Shinzo Abe said. It’s “very regrettable that former workers from the Korean Peninsula are taking action for seizing the assets,” Abe told national broadcaster NHK’s “Sunday Debate” programme, adding that he ...

Bloomberg India needs to resume subsidies on imported natural gas to help revive power plants that have been stranded for want of fuel and could turn into bad assets for banks, according to a lawmakers’ report. The federal government should supply the gas at lower than market rates by utilising funds from the so-called Power System Development Fund or from ...

Bloomberg Big US companies are paying higher risk premiums when they borrow and finding less demand for their bonds, a sign that investors are worried about rising wages and slow- ing economic growth hitting corporate profit growth. Companies are responding by borrowing less: they sold around $8 billion of US investment-grade debt last month, about a seventh of the average ...

Bloomberg Just as the pharmaceutical industry’s biggest conference of the year is set to get under way, President Donald Trump took to Twitter to complain that drugmakers aren’t “living up to their commitments on pricing.” Despite talk about halting increases and lowering the price on some treatments, pharmaceutical companies on January 1 returned to the practice of regular price hikes ...

Bloomberg UK mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England (BOE) said. The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, ...

Bloomberg Earnings estimates for suppliers to Apple Inc have fallen along with their share prices since October las year, but estimates for at least one notable name are holding on: Broadcom Inc. Unlike other companies with a lot of exposure to the iPhone maker, which lowered its sales outlook, Broadcom’s earnings estimates have actually risen. Currently, the semiconductor maker is ...

Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

DUBAI / Emirates Business The Department of Economic Development – Ajman (DED-Ajman) signed a strategic cooperation agreement with Khalifa Fund for Enterprise Development (KFED) to help bolster and promote a culture of entrepreneurship in the UAE. The agreement looks towards identifying objectives and areas of cooperation between the two parties to serve public interest and provide much needed support to ...