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Tag: banking

Posted on 20/11/2018

Japan finance minister Aso says to compile second extra budget for FY2018

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday he would compile a second extra budget to respond to urgent needs including disaster relief in the current fiscal year, following i... ( read original story ...)

Posted on 20/11/2018

Nikkei slips as Ghosn arrest shocks market, Nasdaq fall drags on tech stocks

TOKYO (Reuters) - Japan’s Nikkei fell on Tuesday morning as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn’s arrest and dismissal ... ( read original story ...)

Posted on 20/11/2018

The Chairman of Nissan Has Been Arrested in Tokyo. Here’s Why.

Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the auto industry’s largest global alliance into turmoil. ( read original story ...)

Posted on 20/11/2018

Japan and South Korea to resume Iran oil imports in January

TOKYO/SEOUL (Reuters) -- Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the ... ( read original story ...)

Posted on 20/11/2018

Bank of Japan chief warns country’s struggling financial institutions not to engage in excessive risk taking

Bank of Japan Governor Haruhiko Kuroda on Monday warned against unbridled risk taking by financial institutions that are struggling to maintain profit margins as the country’s population shrinks. Regi... ( read original story ...)

Posted on 20/11/2018

Regional banks’ profit woes could damage financial system, Japan’s central banker warns

Bank of Japan Gov. Haruhiko Kuroda warned Monday that declining profits at regional banks could hurt the economy by potentially destabilizing the financial system. Regional banks’ core profitability h... ( read original story ...)

Posted on 20/11/2018

Ghosn Arrested After Icon Is Probed for Financial Violations

Ghosn voluntarily went with Tokyo prosecutors, Asahi reported ... A spokesman for the France’s finance ministry declined to comment on the report. The country owns about 15 percent of Renault and supp... ( read original story ...)

Posted on 19/11/2018

Nissan moving to fire Ghosn for financial misconduct

TOKYO (Reuters) - Nissan Motor Co Ltd said on Monday it was moving to terminate Carlos Ghosn from his chairman's post after finding that he had used company money for personal use and committ... ( read original story ...)

Posted on 19/11/2018

Nissan’s Ghosn to be arrested by Japan authorities for alleged financial violations: Asahi

Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged violation of Japan’s financial instruments and exchange act, the Asahi newspaper reported on Monday on its website. The newspaper ... ( read original story ...)

Posted on 19/11/2018

Nissan to fire titan of car industry Carlos Ghosn over serious financial misconduct allegations

TOKYO — Nissan Motor Co Ltd said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of misconduct. Japanese media ... ( read original story ...)

Posted on 19/11/2018

Nissan chief Ghosn arrested over financial misconduct: reports

"The Tokyo District Public Prosecutor's Office arrested Nissan chairman Ghosn on suspicion of violation of the Financial Instruments and Exchange Act," NHK said. In a statement, Nissan said it had bee... ( read original story ...)

Posted on 19/11/2018

Nissan to fire Ghosn over financial misconduct allegations

TOKYO (Reuters) - Nissan Motor Co Ltd said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of ... ( read original story ...)

Posted on 19/11/2018

Nissan moves to dismiss chairman Ghosn for serious financial misconduct

TOKYO — Nissan Motors said Monday it was moving to dismiss chairman Carlos Ghosn after uncovering “significant acts of misconduct,” including underreporting his own salary. Ghosn is considered one of ... ( read original story ...)

Posted on 19/11/2018

Nissan’s Ghosn to be arrested in Japan for alleged financial violations – Asahi

TOKYO (Reuters) - Nissan Motor Co Ltd Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday. The newspaper reported on i... ( read original story ...)

Posted on 19/11/2018

Reports say Nissan’s Ghosn questioned over financial reports

TOKYO -- Nissan Motor Co. said Monday that it will dismiss its chairman, Brazilian-born Carlos Ghosn after finding that he under-reported his income "over many years," among other allegations of misco... ( read original story ...)

Posted on 19/11/2018

Nikkei rises as chip-related stocks, SoftBank recover; financials tumble

TOKYO, Nov 19 (Reuters) - Japan’s Nikkei share average rebounded on Monday after investors covered their short positions on chip-related stocks, offsetting a drop in financials that were hurt by lower ... ( read original story ...)

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