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Reuters: Business News
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Reuters: Business News
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UPDATE 1-Detained ex-Nissan exec Ghosn promises not to flee Japan if freed
Ousted Nissan Motor Co Chairman Carlos Ghosn on Sunday promised to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct.
4 h
REUTERS
Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT
Warren Buffett's Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times reported on Sunday.
6 h
REUTERS
Italy regulator gives TIM's network separation plan thumbs down
Telecom Italia (TIM) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal.
9 h
REUTERS
ProSieben sees pressure easing as Netflix raises prices
ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group's core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said.
REUTERS
Nissan special committee says carmaker suffered from poor governance
A special committee set up by Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn on Sunday said it appeared that the Japanese carmaker suffered from poor governance procedures, including director compensation.
REUTERS
Small electric cars may be unaffordable for some: VW chairman to newspaper
The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen said in an interview published on Sunday.
REUTERS
India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper
The State Bank of India (SBI)-led consortium of lenders is waiting for India’s capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways , SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday.
REUTERS
Eurotunnel boss says a second referendum would still back Brexit
Britons would back Brexit again if asked to vote in a second referendum, the head of Eurotunnel said on Sunday.
REUTERS
Toyota, Panasonic to set up EV battery JV in 2020 - source
Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
REUTERS
China set to post slowest growth in 28 years in 2018, more stimulus seen
China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.
REUTERS
EU tax on big digital companies could be struck by March -French minister
A European Union-wide tax on the world's top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday.
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REUTERS
EU must approve Siemens/Alstom deal, says French finance minister
The European Union must approve the tie-up between Germany's Siemens and French group Alstom , said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal.
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REUTERS
Trump says deal 'could very well happen' with China
U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports.
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REUTERS
Qatar emir to attend Beirut's Arab economic summit
Qatar's emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began.
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REUTERS
Supermarket retailer Casino to sell six stores to rival Leclerc
French supermarket retailer Casino , in the process of divesting assets to cut debts, has agreed to sell six of its 'Geant' hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million).
2 d
REUTERS
U.S. chipmakers may give clues on China hazard
Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors.
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REUTERS
Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer
A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company's lawyer said, the first time a casino has been allowed to recover dues in the country.
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REUTERS