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Nissan moves to oust chief Ghosn after shock arrest

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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

Apple apologises for slowing down older iphones

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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China’s biggest insurer buys stake in Finleap

Company logo of ping an insurance (group) company of china, ltd.

Bloomberg Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese behemoth’s $1 billion-Global Voyager Fund led the investment round, the companies said in a statement on Monday, which didn’t disclose additional terms. The deal values the Berlin-based ...

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