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Bloomberg The Securities and Exchange Commission (SEC) is investigating whether Nissan Motor Co accurately disclosed its executive pay in the US, according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest. The US financial regulator is examining whether Nissan’s executive-pay disclosures were accurate and whether the ...

Bloomberg Takeda Pharmaceutical Co is planning what would be the biggest single-tranche Japanese corporate yen bond sale in an effort to extend its debt obligations following its $62 billion purchase of Shire Plc, according to people with knowledge of the discussions. The drug maker is planning to sell as much as 500 billion yen ($4.6 billion) of hybrid notes in ...

Bloomberg A last-ditch bid by Siemens AG and Alstom SA to win approval from the European Union’s top antitrust regulator for their planned rail merger isn’t good enough to allay concerns about competition, according to a person with knowledge of the situation. The fresh concessions, first reported by Bloomberg January 25, come too late and fall short of the bold ...

Bloomberg Germany’s industrial slump worsened at the start of 2019, dragging the euro-area economy into its worst performance in more than five years. IHS Markit’s monthly index showed manufacturing in Germany shrank for the first time in four years. In euro area it barely grew, and a broader measure of activity dropped to weakest since 2013. The euro fell after ...

Bloomberg The US Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, reviewed the progress of the Emirati School Model. The meeting was also attended by His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, expressed his satisfaction with the UAE government’s significant progress in achieving gender balance, through the several initiatives and programmes undertaken by various government entities to promote equal opportunities for both men and women. His Highness said that this ...

COLOMBO / WAM The Emirates Red Crescent (ERC), inaugurated ‘Sheikh Zayed Village’ in Manar, Sri Lanka, to house families affected by natural disasters. The new city includes 120 residential units, a mosque, a multi-purpose hall and eight commercial stores. A delegation from the ERC, led by Mohammed Yousef Al Faheem, Deputy Secretary-General for Assistive Services Affairs at the ERC, inaugurated ...

Dubai / Emirates Business Healthcare and trade professionals from more than 160 countries will descend on Dubai on Monday for the opening of Arab Health Exhibition & Congress, the largest gathering of healthcare companies, technology, products and services in the Middle East. Following the success the 2018 edition, where over $778 million worth of business was generated by exhibitors, it ...

Bloomberg Philippine economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said. “With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office. Hitting the low-end of the 7 ...