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BGC Partners enters shipbroking market

Bloomberg BGC Partners Inc is entering the shipbroking market for the first time, buying Poten and Partners Group Inc to bet on demand for liquefied natural gas. Poten, which is based in New York, specializes in the LNG tanker and liquid petroleum gas markets, with 170 staff in offices from London to Singapore, Houston, Athens, Guangzhou and Perth. BGC didn’t ...

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Nissan moves to oust chief Ghosn after shock arrest

Bloomberg Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the auto industry’s largest global alliance into turmoil. Ghosn, among the most prominent car-industry leaders globally and also the Chief Executive Officer of Renault SA, has been arrested over the suspected breach of Japanese financial trading law, the ...

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Taiwan braces for earnings gloom as trade war bites

Bloomberg Disappointing earnings may not be over for Taiwan companies, dragged by waning demand for Apple Inc.’s flagship iPhone and deteriorating relations between the island’s two biggest trade partners. Net income for companies on the Taiex index is expected to drop 9.2 percent on-year this quarter after undershooting estimates in the three months through September, the first miss since the ...

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