January, 2020

• 14 January

  India court allows seizing JPMorgan’s assets in realty case

  Bloomberg India’s Supreme Court has allowed the federal anti-money laundering agency to seize assets of JPMorgan Chase & Co’s India unit, if needed, for allegedly violating foreign investment rules, according to a lawyer who was part of the proceedings. The court had in July asked Enforcement Directorate to probe JPMorgan’s role in allegedly helping property developer Amrapali Group divert 1.4 ...

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• 14 January

  Renault alliance is here to stay, Nissan says

  

  Bloomberg Nissan Motor Co said it is in no way considering the dissolution of its alliance with Renault SA, which was shaken even further by the dramatic escape of former chairman Carlos Ghosn from trial in Japan. “The alliance is the source of Nissan’s competitiveness,” the Yokohama-based company said in a statement on Tuesday, pushing back against reports that its ...

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• 14 January

  Johnson hints he won’t ban Huawei from 5G networks

  

  Bloomberg Boris Johnson suggested his government may be ready to allow Huawei Technologies Co to supply at least some equipment for its 5G broadband networks even in the face of strong pressure for a ban from the US. “The British public deserve to have access to the best possible technology,” Johnson said when asked about Huawei in a BBC TV ...

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• 14 January

  Huawei helps China overtake Germany in getting US patents

  Bloomberg Huawei Technologies Co broke into the top 10 recipients of US patents last year, according to an analysis of filings with the US Patent and Trademark Office, the latest sign that Chinese companies are aggressive in pursuing the US lead in global technology. The telecom company’s 2,418 patents, along with 2,177 new patents issued to display-screen maker BOE Technology ...

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• 14 January

  The deregulation battle

  

  The fate of government regulation — or deregulation — hangs in the balance. President Trump and his allies have vowed to dismantle much of the government’s regulatory superstructure, arguing that the costs are burdening US business and slowing economic growth. Not so, respond Trump’s critics. They argue that he’s jettisoning crucial environmental and consumer safeguards, with the savings channelled into ...

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• 14 January

  Ryanair boss may get his $110m bonus

  

  When shareholders narrowly voted to approve a possible 99 million euros ($110 million) bonus for Ryanair Holdings Plc boss Michael O’Leary in September, it seemed unlikely they’d actually have to pay him the money. The terms of the reward plan require O’Leary to get the stock price back above 21 euros, and at the time of the annual meeting it ...

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• 14 January

  Facebook’s deepfake ban doesn’t go far enough

  Facebook says that it is banning “deepfakes,” those high-tech doctored videos and audios that are essentially indistinguishable from the real thing. That’s excellent news — an important step in the right direction. But the company didn’t go quite far enough, and important questions remain. Policing deepfakes isn’t simple. As Facebook pointed out in its announcement this week, media can be ...

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• 14 January

  China opens up to oil majors at wrong time

  Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing. In India, regulators will ...

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• 14 January

  Why India must end Yes Bank’s theatre of absurd

  

  Before it results in a tragedy for all of India’s banking, regulators need to step in and end the farce called Yes Bank Ltd. The latest shenanigans make it very clear that the authorities need to stop being spectators — and act. The original cast has vanished. The co-founder who drove the country’s fifth largest private-sector bank into a ditch ...

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• 14 January

  Aston Martin is a binge too far for China’s Geely

  

  Timing is everything in investing, a refrain the ambitious Li Shufu might want to heed. The Geely Group has held preliminary talks about a possible investment in Aston Martin Lagonda Global Holdings Plc, the high-end but encumbered British carmaker of James Bond fame. Billionaire Lawrence Stroll, owner of the Racing Point Formula One team, is also among the investors looking ...

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