Bloomberg Carlos Ghosn’s lawyers said they’re surprised to hear that the board of Renault SA started proceedings against their client based on an audit report. Ghosn hasn’t had a chance to respond to any of the questions raised by this report, Jean-Yves Le Borgne and Francois Zimeray, the lawyers for the former boss of Renault, said in a statement. “Shockingly, ...

Bloomberg Consumer confidence in India dropped in May, as people fretted about jobs and slowing growth in Asia’s third-largest economy. The current situation index fell to 97.3 from 104.6 in March, according to the Reserve Bank of India’s consumer confidence survey, where 100 is the dividing line between pessimism and optimism. The future expectations gauge fell to 128.4 in May ...

Bloomberg South Korea said its economic growth faces prolonged downside risks as uncertainty surrounding external conditions grow more than expected. Yoon Jong-won, the presidential secretary for economic affairs, said the downward period is becoming more prolonged, reversing comments he made in May that growth was expected to improve “significantly” in the second quarter. Yoon said the uncertainties worsened more than ...