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Court approves Ghosn’s detention until April 14

2nd lead carlos ghosn copy

Bloomberg Carlos Ghosn will remain in jail until at least April 14 after a Japanese court granted prosecutors’ request to keep the former chairman of Nissan Motor Co longer for questioning on new allegations of funneling millions of dollars from the automaker for his own purposes. The court disclosed its decision in a statement. The former global auto titan, who ...

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China FX reserves continue moderate gains on valuation

Bloomberg China’s foreign-currency holdings rose for a fifth month as lower government bond yields in developed markets lifted valuations. Reserves increased by $8.58 billion to $3.0988 trillion in March, the People’s Bank of China said on Sunday. The reading compares with $3.09 trillion from the previous month and the median estimate of $3.09 trillion in a Bloomberg survey of economists. ...

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Go-Jek joins ‘decacorn’ with $10b valuation

Motorbike taxi in jakarta

Bloomberg Indonesian ride-hailing service Go-Jek’s value was estimated at $10 billion by a US market intelligence company, putting it in the ranks of startups called decacorns. New York-based CB Insights has listed Go-Jek among 19 decacorns around the world, along with the likes of Uber Technologies Inc, according to the Jakarta Post newspaper. That would make Go-Jek Indonesia’s first startup ...

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