TOKYO (Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA. Ahead of the AGM, one investor proposed designating Renault as Nissan’s parent company which by law would force the…
TOKYO (AP) — Toshiba shareholders approved 13 nominated directors to its board Tuesday, as the Japanese technology giant struggles to restore its one-time glory and set a clear leadership direction. Chief Executive Taro Shimada, who oversaw the annual shareholders’ meeting in Tokyo, said the majority had voted to OK that plan. He promised shareholders Toshiba…
NUR-SULTAN (Reuters) – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil products trader controlled by China’s CNPC, Kazakh Deputy Prime Minister Roman Sklyar said on Tuesday. Petrosun buys and refines the lion’s share of Kazakh crude that is not produced…
TOKYO (Reuters) -Toshiba Corp shareholders endorsed two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director at Farallon Capital Management…
TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that it was “a little difficult” at present to confirm the definite impact on Japan from Russia’s debt default. Suzuki, who commented on the issue after being asked about it by reporters at a news conference following a regular cabinet meeting, added that any moves…
ZURICH (AP) — A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago. The court also ordered the confiscation of the equivalent of more than $12 million worth of deposits linked to the criminal group…
TOKYO (AP) — The rickshaw men in Tokyo are adding English-speaking staff, a sure sign Japan is bracing for a return of tourists from abroad. Japan’s border controls to curb the spread of coronavirus infections began gradually loosening earlier this month. That’s great news for Yusuke Otomo, owner of Daikichi, a kimono rental shop in…
(Reuters) – China Evergrande Group said on Tuesday a winding-up petition was filed against it by investment holding firm Top Shine Global Ltd in Hong Kong for not fulfilling a financial obligation of HK$862.5 million ($109.91 million). On Monday, Reuters reported that Top Shine Global, an investor in Evergrande’s unit Fangchebao (FCB), had filed the…
By Selena Li, Kane Wu and Julie Zhu HONG KONG (Reuters) -In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as…
By Carolina Mandl and Michelle Price NEW YORK/WASHINGTON (Reuters) – Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exercise last week. The U.S. Federal Reserve said on Thursday the country’s largest lenders could easily weather a severe economic downturn,…
