Le Figaro: Ghosn sues Nissan and Mitsubishi over ‘breach of contract’

Publication date 19 July 2019 | 15:21 | ICT

Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for “improper termination” of his contract, French newspaper Le Figaro reported on Wednesday.

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  • Trade woes hit Asian stocks, dollar up, oil down

    Publication date 18 July 2019 | 13:36 | ICT

    Fresh trade worries and uncertainty about the US Federal Reserve’s (Fed) plans for cutting interest rates weighed on Asian markets on Wednesday while fears of a hard Brexit kept the pound wallowing at more than two-year lows.

  • VinaCapital acquires operations of Smartly

    Publication date 18 July 2019 | 13:32 | ICT

    Vinacapital on Tuesday announced that it had acquired the business operations of Smartly Pte Ltd, one of the first robo-advisory investment platforms to launch in Singapore.

     
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  • GM and Fiat warn auto industry on difficult road

    Publication date 18 July 2019 | 12:25 | ICT

    With plant closures hanging over the start of contract negotiations, General Motors (GM) chief Mary Barra on Tuesday warned the United Auto Workers (UAW) union that the industry is facing a difficult road ahead.

  • ‘Deal binds Bolsonaro to Paris pact’

    Publication date 18 July 2019 | 11:43 | ICT

    The top EU trade official defended the blockbuster deal between the bloc and major South American partners on Wednesday, insisting it binds Brazil to the Paris Agreement on climate change.

     
  • IMF to begin search for new head as Lagarde steps down

    Publication date 18 July 2019 | 11:25 | ICT

    Christine Lagarde will resign from the International Monetary Fund (IMF) on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank (ECB), she announced on Tuesday.

  • Japan provides $52M in grants

    Publication date 18 July 2019 | 09:58 | ICT

    The Japanese government has provided more than $52 million in grants for Cambodia’s socio-economic development projects so far this year, the Ministry of Foreign Affairs and International Cooperation said.

  • Mekong agricultural development project launched by Vietnam

    Publication date 18 July 2019 | 09:39 | ICT

    Vietnam wants to foster cooperation between countries in the Mekong sub-region and share experiences in agricultural and rural development through policy advisory networks of not only government agencies but also non-governmental or

  • Singapore exports plunge 17.3% for largest drop in six years

    Publication date 18 July 2019 | 08:57 | ICT

    Singapore's exports fell by double digits for the fourth straight month, with shipments in the key electronics sector sinking by nearly a third.

  • Phuket tourism slows even as hotels, condos booming

    Publication date 18 July 2019 | 08:51 | ICT

    Phuket, Thailand looks set to weather a perfect storm as soaring hotel supply is forecast to be challenged by declining tourism demand.

  • Chinese firm plans to invest in cotton if second test a success

    Publication date 18 July 2019 | 08:19 | ICT

    Chinese company Jiangsu Lianfa Textile Co Ltd plans to invest in cotton in Pursat province to process fabrics and supply the Kingdom’s garment factories, according to the Ministry of Agriculture, Forestry and Fisheries.