Bloomberg Australian Prime Minister Scott Morrison committed as much as $350 million to cut costs for first-home buyers, seeking to boost his chances of re-election with his government trailing in opinion polls before an election. The government would offer guarantees to cut the required deposit for first-home buyers to 5 percent of the purchase price, instead of 20 percent, Morrison ...

Bloomberg Carlos Ghosn’s arrest threw Nissan Motor Co into a corporate tailspin with allegations of self-dealing, profligate spending and filing false statements. Now the automaker’s profits are falling off a cliff, and successor Hiroto Saikawa may go down with them. Troubled by slumping US sales, aging models and a product cycle that’s out of sync, the Yokohama-based company is on ...

Bloomberg Thyssenkrupp AG announced a dramatic U-turn in corporate strategy, saying it will take its elevator business public and abandon a plan to split in two. The shares surged the most on record after Chief Executive Officer Guido Kerkhoff said that the new proposal could also lead to the elimination of as many as 6,000 jobs. Kerkhoff’s reversal comes just ...