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India stocks rise over central bank’s ‘rate cut announcement’

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Bloomberg India’s benchmark stocks gauge rose for a third day on Monday to close on the verge of a record. Expectations that the central bank will this week announce its second interest-rate cut for 2019, and a national election that will see Prime Minister Narendra Modi reelected helped boost sentiment in a market that capped its best quarter since June ...

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Bitcoin reaches 2019-high

Bloomberg Bitcoin advanced to the highest level of 2019, the latest milestone for cryptocurrencies as they claw back from a year that saw three-quarters of their market value wiped out. The biggest digital coin on Monday rose as much as 1.6 percent to $4,135.60, the top intraday level since December 24, according to weekday trading data compiled by Bloomberg. So-called ...

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Nissan CEO, Ghosn mulled fourth partner for alliance

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Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.” In a message to ...

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