Ghosn’s lawyers seek dismissal of charges, accuse prosecutors of misconduct

Ghosn’s lawyers seek dismissal of charges, accuse prosecutors of misconduct
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd (7201.T) chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his... Read More

Asian shares edge up as earnings, geopolitics sway sentiment

Asian shares edge up as earnings, geopolitics sway sentiment
SYDNEY (Reuters) – Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets. FILE PHOTO: Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities... Read More

Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion

Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Lawyers for former Nissan Motor Co (7201.T) chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials and executives at the automaker... Read More

Oil pares U.S. stock-draw gains on weak demand outlook

Oil pares U.S. stock-draw gains on weak demand outlook
SINGAPORE (Reuters) – Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent crude futures LCOc1... Read More

Asian shares edge up; investors anxious over earnings, Brexit

Asian shares edge up; investors anxious over earnings, Brexit
SYDNEY (Reuters) – Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check. FILE PHOTO: Passersby are reflected on a screen displaying graphs of market indices outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato MSCI’s... Read More

U.S. trade envoy meets lawmakers on U.S.-Mexico-Canada deal as time runs short

U.S. trade envoy meets lawmakers on U.S.-Mexico-Canada deal as time runs short
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer met this week with Democratic lawmakers to try to resolve their concerns about the U.S.-Mexico-Canada (USMCA) trade agreement as Republicans increased pressure to get the deal passed by the end of 2019. FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on “The President’s 2019 Trade Policy... Read More

Microsoft forecasts cloud sales above expectations

Microsoft forecasts cloud sales above expectations
(Reuters) – Microsoft Corp (MSFT.O) on Wednesday forecast sales for its cloud computing services that topped analysts’ estimates, even as quarterly growth slows for its Azure business. FILE PHOTO: An employee uses an augmented reality headset at Microsoft’s new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson Microsoft said it expected “intelligent cloud”... Read More

Tesla shares soar 21% as surprise profit answers skeptics

Tesla shares soar 21% as surprise profit answers skeptics
(Reuters) – Tesla Inc (TSLA.O) on Wednesday surprised investors by posting a profitable third quarter, boosted by record deliveries, cost cuts and improved production schedules for its new electric vehicle model, causing shares to soar in after-market trading. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1,... Read More

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands
FILE PHOTO: The Barneys New York sign is seen outside the luxury department store in New York, U.S., July 31, 2019. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York Inc, challenging a $271 million bid for the bankrupt luxury department store from brand developer Authentic... Read More