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Bloomberg Nissan Motor Co’s third-highest-ranked executive is planning to leave the company to join a leading electric-motor company, an abrupt move that deals yet another blow to the scandal-plagued Japanese carmaker. The shares fell to their lowest in 8 years. Jun Seki, the vice chief operating officer in charge of Nissan’s performance recovery, plans to join Japanese manufacturer Nidec Corp ...

Bloomberg The operator of China’s high-speed rail line between Beijing and Shanghai kicked off its initial public offering, which will for the first time allow investors to buy shares in what is the world’s largest such network. Beijing-Shanghai High-Speed Railway Co, a unit of state-owned China Railway Corp, plans to sell as many as 6.3 billion new shares, or 12.8% ...

Bloomberg Uber Technologies Inc’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups. Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new ...

Bloomberg Dell Technologies Inc, the computer company founded by Michael Dell, is considering buying the remaining outstanding shares in cybersecurity services operator Secureworks Corp, according to people with knowledge of the matter. The Round Rock, Texas-based company is exploring making an offer for the remaining 13.8% of shares it doesn’t own of Secureworks and fully consolidating the business, said the ...

Bloomberg Tesla Inc has lined up more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said. An announcement will probably be made as soon as this week, one of the people said, asking not ...

Bloomberg China’s ByteDance Inc created one of the country’s rare global hits with the addictive video app TikTok Now the US government is threatening that success as officials in Washington warn the service presents a security threat. The Beijing-based company, led by Chief Executive Officer Yiming Zhang, is weighing a range of options to address those concerns, according to people ...

Bloomberg Bondholders don’t deserve a $5 billion “windfall” when PG&E Corp reorganises next year because the utility is in bankruptcy, voiding any right investors had to an early payoff premium, the company said in a court filing. PG&E’s bankruptcy-exit plan is built on a proposed funding package that includes refinancing about $17.5 billion of debt that has not yet matured. ...

Bloomberg The Hungarian conglomerate controlled by Prime Minister Viktor Orban’s closest business ally sold the country’s biggest coal-fired power plant to the state in a U-turn after the premier agreed to the European Union‘s climate deal. The transaction on Matrai Eromu plant, signed on Monday between Opus Global Nyrt and state-owned energy group MVM Zrt, means that the projected $1 ...

President Trump has essentially declared victory in his relentless trade wars against China and Mexico, but whether this is a lasting triumph or just a truce remains to be seen. Even Trump may not know what comes next. Here’s a summary of what’s happened recently. First, China. It agreed to buy substantial amounts of US exports over the next two ...

If you’re searching for an example of how not to deal with negative rates, look no further than Sweden. The Riksbank chose to raise its repo rate back to zero, after years of negative rates, but it’s not at all clear why. Sweden’s economic outlook hardly suggests a hike is needed. Inflation is running at 1.7%, which is just below ...