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in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in renault leaving it with no effective boat or power in its punch partner. a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault. the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to avoid. to do again what's important for now is to ensure the alliance between nissan remained stable and. carlo's career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty for more on the story let's bring in larry he's a professor of strategic management management at warwick business school in the u.k. and a commentator on the car industry program question we've seen that this is a very complex alliance with the much
in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in renault leaving it with no effective boat or power in its punch partner. a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault. the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to...
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i'm christopher caldwell welcome to the program the nissan board has gathered in tokyo and apparently members are split over whether or not carlos go on the chairman is accused of severe financial misconduct and has been taken into custody earlier this week but the circumstances of his arrest are giving rise to speculation and raise questions about the future of the complex automotive lines he's been headed for two decades. carlos ghosn has plunged from the plush surroundings of his executive suite to a spartan cell behind the walls of this tokyo jail. rumors that nissan executives were behind his fall from grace spread from france to japan as fast as global media could. do good it was the sort of the who to talk to those who didn't like him denounced him internally to make him. a journalist caught up with nissan c.e.o.
i'm christopher caldwell welcome to the program the nissan board has gathered in tokyo and apparently members are split over whether or not carlos go on the chairman is accused of severe financial misconduct and has been taken into custody earlier this week but the circumstances of his arrest are giving rise to speculation and raise questions about the future of the complex automotive lines he's been headed for two decades. carlos ghosn has plunged from the plush surroundings of his executive...
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Nov 23, 2018
11/18
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voted yes to the idea of ousting carlos ghosn as the chair as well as representative director from nissan board nissan says that this comes after reviewing this detailed report coming from the internal investigation. though it's not a done deal just yet, under corporate law of japan shareholders meeting is required to give full green light to decisions like this the next one in schedule is in june next year so we're also looking at a possibility of nissan's new leadership calling for an extraordinary shareholders meeting as well in the meantime the investigation by the prosecution's office in japan still ongoing, but we're getting virtually nothing in terms of anything official at this point. regarding this alliance among renault, nissan and mitsubishi, nissan's initial message seems to be one of continu stability d avoiding can fusion in daily operations i'm chery kang, back to you. >>> nissan has dismissed ghosn, but renault only temporarily apoint appointed a replacement. renault's acting chief executive insisted there was no cause for ge concern over the company's operations. >> translator:
voted yes to the idea of ousting carlos ghosn as the chair as well as representative director from nissan board nissan says that this comes after reviewing this detailed report coming from the internal investigation. though it's not a done deal just yet, under corporate law of japan shareholders meeting is required to give full green light to decisions like this the next one in schedule is in june next year so we're also looking at a possibility of nissan's new leadership calling for an...
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Nov 22, 2018
11/18
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BBCNEWS
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we start off with carlos ghosn and it is expected that he will be fired today as nissan's board meetsdiscuss the future of the chairman after he was arrested earlier this week. his attention has been extended —— detention has been extended —— detention has been extended to ten days. joining me now for more details about the ongoing sagais for more details about the ongoing saga is mariko oi. so, mariko, what has been the impact on the company? not good, as you can imagine. shares have been hammered. it is notjust nissan i am talking about, it is a alliance partners, mitsubishi motors, renault as well, and let me show you what happened to the shares firstly, which are listed injapan — both practically fell off the cliff shortly after the news that he was going to get arrested, down 5% and not showing any sign of recovery as they start trading this morning. also over in europe, renault‘s share price has been very volatile. and the drama is not over because the authorities are speaking to other nissan executives as well. of course, everybody is still wondering and scratching their head w
we start off with carlos ghosn and it is expected that he will be fired today as nissan's board meetsdiscuss the future of the chairman after he was arrested earlier this week. his attention has been extended —— detention has been extended —— detention has been extended to ten days. joining me now for more details about the ongoing sagais for more details about the ongoing saga is mariko oi. so, mariko, what has been the impact on the company? not good, as you can imagine. shares have...
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Nov 21, 2018
11/18
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there were reports he was planning a merger between renault and nissan, which was opposed by the nissan boarderialise even without carlos ghosn? from nissan's point of view, they can achieve all the goals of the alliance without a full—fledged merger, so alliance without a full—fledged merger, so that coupled with the fa ct merger, so that coupled with the fact that there is very little ownership of the french government in renault, and the double voting sta ke, in renault, and the double voting stake, was something the nissan board was very uncomfortable with. do you think corporate politics was a key factor with what happened with carlos ghosn? there were reports from within the organisation that the ceo of nissan was bumping heads with ghosn. i believe there had been some rising frustrations that ghosn was not that involved on a day to day basis, but still trying to be, as it were, the puppeteer pulling the strings. there's also been policies, such as the push for market share in the us at the expense of brand image attributed to carlos ghosn. before we let you go, asa brand, carlos ghosn.
there were reports he was planning a merger between renault and nissan, which was opposed by the nissan boarderialise even without carlos ghosn? from nissan's point of view, they can achieve all the goals of the alliance without a full—fledged merger, so alliance without a full—fledged merger, so that coupled with the fa ct merger, so that coupled with the fact that there is very little ownership of the french government in renault, and the double voting sta ke, in renault, and the double...
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Nov 22, 2018
11/18
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the nissan board dismissing carlos ghosn as chairman. nissan saying they are not commenting. k with the chairman of societe generale. he is a former member of the executive board of the european central bank. less restrictive monetary policy from the ecb in 2019 and the fed to be a really for bank revenue? >> if the ecb gets out of negative interest rates, that would be a big relief. the ecb has the understanding this is a problem. the ecb went into negative largely rates in 2014 hoping not to get into qe, because qe is controversial and europe, buying government bonds of various countries. inflationaryhe pressures were there, so now we have negative rates and qe. the sooner we get out of negative rates, the better. the distortion oh impact of negative rates -- distortional impact of negative rates are a burden. adjust toyou have to a better environment? does it lead to more consolidation? or something else? >> the world will be living with lower interest rates for some time in general, both the short end and the long end. banks have to change their business model. you can't l
the nissan board dismissing carlos ghosn as chairman. nissan saying they are not commenting. k with the chairman of societe generale. he is a former member of the executive board of the european central bank. less restrictive monetary policy from the ecb in 2019 and the fed to be a really for bank revenue? >> if the ecb gets out of negative interest rates, that would be a big relief. the ecb has the understanding this is a problem. the ecb went into negative largely rates in 2014 hoping...
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Nov 22, 2018
11/18
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sebastian: the board of nissan made it official, dismissing carlos ghosn. apan on allegations of financial misconduct. the board also dismissed director greg kelly who facilitated the misdirection of income. department causes questions of the alliance. the e.u. and u.k. have agreed with their relationship will be like after brexit. it is based on a freebase area -- free trade area. they will work on the so-called backstop to keep the irish border open. china is denying the u.s. allegations it conducts state run campaigns of intellectual property and technology theft. they say the trump administration is basing it on hearsay. said beijing is stepping up cyberattacks on american companies. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm sebastian salek and this is bloomberg. anna: thank you very much. 1:12 in london. we will stick with u.k. themes because we will talk brexit. may says the deal is within grasp. more on that. this is bloomberg. ♪ ♪ anna: welcome back, ev
sebastian: the board of nissan made it official, dismissing carlos ghosn. apan on allegations of financial misconduct. the board also dismissed director greg kelly who facilitated the misdirection of income. department causes questions of the alliance. the e.u. and u.k. have agreed with their relationship will be like after brexit. it is based on a freebase area -- free trade area. they will work on the so-called backstop to keep the irish border open. china is denying the u.s. allegations it...
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Nov 21, 2018
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coming up next, we will get his views on nissan, and nissan's board meeting in the coming hours in japancuss the fate of carlos ghosn. we will be at the nissan headquarters, next. this is bloomberg. ♪ g. ♪ haidi: this is "daybreak asia." i am haidi stroud-watts in sydney. shery: i'm shery on in -- shery ahn in new york. the board of nissan meets to discuss ghosn's arrest for financial misconduct. sources indicate a split on whether to dismiss ghosn, who has been in detention since monday. stephen engle is at nissan headquarters in yokohama. the latest lines crossing the bloomberg right now saying that a nissan official is now saying that ghosn has six houses provided including in tokyo and new york. that his sister had an advisory contract as well. we have been hearing all these different news coming from different sources. how transparent have these allegations against ghosn been so far? stephen: you know, the japanese media really coming out with a variety of different stories. we are getting new updates every minute. in the morning papers, we have that story. i believe it was from rig
coming up next, we will get his views on nissan, and nissan's board meeting in the coming hours in japancuss the fate of carlos ghosn. we will be at the nissan headquarters, next. this is bloomberg. ♪ g. ♪ haidi: this is "daybreak asia." i am haidi stroud-watts in sydney. shery: i'm shery on in -- shery ahn in new york. the board of nissan meets to discuss ghosn's arrest for financial misconduct. sources indicate a split on whether to dismiss ghosn, who has been in detention since...
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this is the news live from berlin still to come on the show the nissan board meets decide the fate of imprisoned chairman carlos go on but this is a straightforward case of tax evasion or japanese political coup to thwart a full on merger between france's renault and nissan. it's to spain now where supporters of the country's former dictator francisco franco have been marking the anniversary of his death in one thousand nine hundred eighty five but this year commemorations have been especially fraught that's because of plans by spain's socialist led government to move franco's remains from their current location near madrid to a more remote spot franco's followers and his family members oppose the move and regrets resistance to it is growing. thought the supporters of francisco franco singing cut out saw are facing the sun the spanish fascists anthem. those gathered here want franco to be firmly anchored in the spanish national psyche as a man who brought prosperity to the country but more importantly they want franco's remains to stay here in a monumental mausoleum just north of madr
this is the news live from berlin still to come on the show the nissan board meets decide the fate of imprisoned chairman carlos go on but this is a straightforward case of tax evasion or japanese political coup to thwart a full on merger between france's renault and nissan. it's to spain now where supporters of the country's former dictator francisco franco have been marking the anniversary of his death in one thousand nine hundred eighty five but this year commemorations have been especially...
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Nov 22, 2018
11/18
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board members have been said to want more detail on his alleged financial crime after tensions have been rising after nissan'siggest shareholder stopped short of firing carlos ghosn. joining us is stephen engle. good to see you. tell us what is expected from the board meeting in terms of what they are divided over. >> the board is going to be convening there in the building behind me at the global headquarters in about one hour's time, 4:30 local time. from what the ceo has alluded to earlier on monday, they will ask the board to vote on whether to oust carlos ghosn as the chairman. there are normally nine board members but there are only seven in attendance because two of in aare still in detention tokyo detention center. they could be there until next friday when prosecutors could issue an indictment. only then would carlos ghosn be available for fail if the judge allows that. that is the side story. what we decide today is his fate as chairman of nissan. we are also hearing if shareholders revolt, they could ask for an egm which could then perhaps call for another vote to have him reinstated. so it's a ver
board members have been said to want more detail on his alleged financial crime after tensions have been rising after nissan'siggest shareholder stopped short of firing carlos ghosn. joining us is stephen engle. good to see you. tell us what is expected from the board meeting in terms of what they are divided over. >> the board is going to be convening there in the building behind me at the global headquarters in about one hour's time, 4:30 local time. from what the ceo has alluded to...
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date will have more details on the story as they commit this is still to come on the show the nissan board needs to decide the fate of the imprisoned chairman carl is gone but is it a straightforward case of tax evasion or a japanese political coup to thwart a full on merger between france's renault and nissan. but first it's in the united states where u.s. chief justice john roberts and president trump have clashed over the independence of america's judiciary robert's review trunk for denouncing a judge who ruled against his asylum policy the judge has temporarily blocked the president's attempt to deny asylum to people who enter the country illegally now some three thousand migrants from central america are currently waiting in the mexican city of tijuana to apply for asylum in the u.s. but despite the judge's ruling they have little chance of success to do that you want to find out what their plans are now. this family i had to request asylum volunteers at the border crossing to helping them with the application which can take at least two months to process that's a long time to wait wi
date will have more details on the story as they commit this is still to come on the show the nissan board needs to decide the fate of the imprisoned chairman carl is gone but is it a straightforward case of tax evasion or a japanese political coup to thwart a full on merger between france's renault and nissan. but first it's in the united states where u.s. chief justice john roberts and president trump have clashed over the independence of america's judiciary robert's review trunk for...
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Nov 22, 2018
11/18
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nissan's board has dismissed carlos going as its chairman. >> this is coming from the broadcaster nghkthey say the board -- broadcaster nhk. they say they decided to remove .im as the company's chairman the meeting was called after he was arrested on monday on charges of financial misconduct. interesting to look at this point of the composition of the board making this decision. kellyers, ghosn and greg both arrested on monday. ofis the chief executive nissan and he was the one that held that press conference on monday and -- announcing the details of the allegations against carlos ghosn. itt position has been sure from -- stripped from carlos ghosn and greg kelly. it is interesting to note those positions have been taken away as well as carlos ghosn's position of chairman. nhk saying the decision was unanimous. we were expecting or hearing there were splits on the board. genie: what happens next? >> the next thing will be the meeting happening between the prime minister and bruno le maire because they will discuss the alliance and the competition relationship between rental -- renault
nissan's board has dismissed carlos going as its chairman. >> this is coming from the broadcaster nghkthey say the board -- broadcaster nhk. they say they decided to remove .im as the company's chairman the meeting was called after he was arrested on monday on charges of financial misconduct. interesting to look at this point of the composition of the board making this decision. kellyers, ghosn and greg both arrested on monday. ofis the chief executive nissan and he was the one that held...
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Nov 20, 2018
11/18
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the nissan board is set. to meet thursday. two men underreported their compensation to securities regulators during the investigation. nissan uncovered "numerous other significant acts of misconduct, including personal use of company assets." not a lot of the details or what the financial law breaches were. by kyoto news reporting that hisn may have understated compensation. rishaad: he reportedly had two briefcases. one was his nissan case and the other was renault. david: what about the mitsubishi one? rishaad: let's look at this mercilessly. how much of this is about the structure between renault and nissan. nissan has a 15% stake in renault in nonvoting shares where is renault has 43% stake in nissan. n: and the french government has a 15% large stake in renault. rishaad: nissan is much better. stephen: nissan contributes much more to profits. they were not in favor of a merger or a further deepening of knot thatex ghosnian carlos ghosn had created between these three companies. maybe this was somehow a rejection of that.
the nissan board is set. to meet thursday. two men underreported their compensation to securities regulators during the investigation. nissan uncovered "numerous other significant acts of misconduct, including personal use of company assets." not a lot of the details or what the financial law breaches were. by kyoto news reporting that hisn may have understated compensation. rishaad: he reportedly had two briefcases. one was his nissan case and the other was renault. david: what...
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goan is also said to have used company money privately nissan's board of directors now needs to decide whether it will dismiss him as the head of the japanese comic. according to the japanese newspaper asahi gun is cooperating with authorities and has already been questioned. has been called the cost killer since his time at the top of run i and some credit him with bringing. the body to success after years of high losses and debts. for now let's bring in heavier get us from business to be a big man falls from grace there his name carlos gone is synonymous with nissan but he's also mr renault how big of a figure is carlos going in a car history well he is an extremely well known figure because he's a very controversial personality if you will and also has an interesting biography being a brazilian being born in brazil and chile and having led companies in france and also in japan and he's also considered the architect of this big fusion that was controversial as well and some say was decisive to even let the company go into the future he also made something happen that is extremely dif
goan is also said to have used company money privately nissan's board of directors now needs to decide whether it will dismiss him as the head of the japanese comic. according to the japanese newspaper asahi gun is cooperating with authorities and has already been questioned. has been called the cost killer since his time at the top of run i and some credit him with bringing. the body to success after years of high losses and debts. for now let's bring in heavier get us from business to be a...
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in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in reno leaving it with no effective vote or power and its french partner a complete merger would have cemented position as the weaker partner even though the company is performing better than renault the ousting of gone could signify that the japanese automaker wants to expand its influence and its alliance with francis renault. let's go live to frank. but it's often as a correspondent there. is this all a little strange the japanese don't sound like they're getting their way in this alliance they arrest the head of the alliance. well with go and talk of a merger is certainly gone and while it's not quite as easy as just getting in the rest japanese prosecutors. wouldn't hold him for this long if they were on at least looking very deep into this but a couple of things do look somewhat suspicious first of all all of this misconduct hasn't been noticed for so many years very very very strange second of all when the news came out and
in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in reno leaving it with no effective vote or power and its french partner a complete merger would have cemented position as the weaker partner even though the company is performing better than renault the ousting of gone could signify that the japanese automaker wants to expand its influence and its alliance with francis renault. let's...
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now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. the back of the bank of england discover nerd has given his backing to a bricks of deal struck by the u.k. and the e.u. mark carney says it will help smooth the country's departure from the bloc but as the future of the deal is still uncertain young experts are assessing how the looming brecht's it will impact. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs that looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i figure u.k. or at least. employers in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them as i think that is something that could definitely affect f
now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. the back of the bank of england discover nerd has given his backing to a bricks of deal struck by the u.k. and the e.u. mark carney says it will help smooth the country's departure from the bloc but as the future of the deal is still uncertain young experts are assessing how the looming brecht's it will impact. coventry in the heart of england home to students and researchers...
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Nov 22, 2018
11/18
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nissan voting today to fire him from their board. he remains in jail on suspicion of falsifying reports. renault is meanwhile keeping him on as chief executive, at least temporarily. a major rift is threatening to open between the companies, endangering their profitable alliance. the french and japanese economic ministers even met today to discuss the matter. >> it was an eagerly awaited decision in tokyo and around the world. nissan executives held conversations with the ceo. it became clear the chairman of nissan must leave his position. he has plunged from the plush surroundings of his executive suite to a spartan cell behind the walls of this tokyo jail. rumors nissan management was behind his fall from grace spread like wildfire. "it is a sort of coup d'etat by nissan. those who did not like him denounced him internally to make him fall." is one of the most successful auto company bosses of all time. in 1996, he began restructuring struggling french carmaker renault and three years later ingenuity alliance with nissan. he soon h
nissan voting today to fire him from their board. he remains in jail on suspicion of falsifying reports. renault is meanwhile keeping him on as chief executive, at least temporarily. a major rift is threatening to open between the companies, endangering their profitable alliance. the french and japanese economic ministers even met today to discuss the matter. >> it was an eagerly awaited decision in tokyo and around the world. nissan executives held conversations with the ceo. it became...
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now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. a rapid ascent of cryptocurrency eases in reverse value has been dropping for days with traders fearing long term instability because it is the oldest and best known digital currency it's lost about a third of its value in just a week the record high of a around twenty thousand dollars for one big call in about a year ago has fizzled to just above four thousand six hundred dollars a few minutes ago. so is the economist. joins us now what does this shop decline. actually make there's a lot of insecurity cryptosystem in the ecosystem to invest in secure and why it's debt tough because it can call and fail up aside as a lot of progress in the technical way like lightning p.p. a payment etc but as in security the cost of a fog. of crypto currency called cash and the two eccentric found us get into a fight and they decided to separate each other so now to separate to call ins and it's a lot of insecurity which. showed up in the ecosystem and the other thing is we might be a mark
now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. a rapid ascent of cryptocurrency eases in reverse value has been dropping for days with traders fearing long term instability because it is the oldest and best known digital currency it's lost about a third of its value in just a week the record high of a around twenty thousand dollars for one big call in about a year ago has fizzled to just above four thousand six hundred...
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first a decision needs to be made about going future on thursday nissan's board will determine its course of action. shares in georgia bank hit a record low after the company was connected to the widening money laundering scandal involving a danish bank investor flight has left the stock at just over eight euros a share traders were spooked by the testimony of a former employee of danske bank in copenhagen that a major european land like the one hundred fifty billion euros worth of the transactions the bank is widely believed to be about which helped towns go for years and is accused of using it to study and branch to launder money from russia. let's bring in an advisor financial correspondent in frankfurt and it is deutsche are in trouble again. well that's a good question if you're talking to them they're clearly saying no so what has happened is that the bank the bank who have those fraudulent transactions had an account with deutsche and. executed order so that say it wasn't their clients it was a bank account that they couldn't really follow through through their clients and see what
first a decision needs to be made about going future on thursday nissan's board will determine its course of action. shares in georgia bank hit a record low after the company was connected to the widening money laundering scandal involving a danish bank investor flight has left the stock at just over eight euros a share traders were spooked by the testimony of a former employee of danske bank in copenhagen that a major european land like the one hundred fifty billion euros worth of the...
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Nov 22, 2018
11/18
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nissan's governance over the last couple of years. doinging they have been at jefferies, is rating and ranking board structures of the top 500 companieseally stood out. had most of the bad government structures, it probably surprised a lot of people. they were only 11 companies last year that didn't have the minimum independent directors required by the corporate governance code. nissan was the only large global ,ompany, the others were small domestic, japanese companies. it stood out in that way that they only had one independent director. when he was at the background of that independent director, even was a next employee and just because they had been retired for a few years, they counted them as independent. there were things in nissan's governance -- governing structure that stood out and really required a massive overhaul. example -- >> continue. >> 75% of japanese companies have committees on the board to control nominations of directors and senior management, the compensation of senior executives, nissan had none of that. it really stood out for its bed governance structures. >> it is interesting that it stands out in a corpor
nissan's governance over the last couple of years. doinging they have been at jefferies, is rating and ranking board structures of the top 500 companieseally stood out. had most of the bad government structures, it probably surprised a lot of people. they were only 11 companies last year that didn't have the minimum independent directors required by the corporate governance code. nissan was the only large global ,ompany, the others were small domestic, japanese companies. it stood out in that...
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Nov 22, 2018
11/18
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nissan's board is meeting to decide whether to remove carlos ghosn as chairman after he was accused by the firm of under—reporting his salary and using company assets for personal use. and dolce and gabbana have cancelled their biggest ever fashion show in shanghai after complaints of racism over an ad for the event, featuring a chinese model trying to use chopsticks to eat a pizza. and the markets all opening in the red this morning. plenty more on that coming up. and from looking after big companies to protecting your home accounts, we get the inside track on how best to protect yourself online from cyber criminals. today we want to know, would you like a nap at work? there's a growing trend for some firms in japan to encourage their employees make use of strategic sleeping rooms. so is sleeping on the job good for productivity orjust a bad idea? let us know — just use #bbcbizlive hello and welcome to business live. welcome to the programme. we start with car industry boss carlos ghosn. as head of the alliance between nissan, mitsubishi and renault he was one of the world's most powe
nissan's board is meeting to decide whether to remove carlos ghosn as chairman after he was accused by the firm of under—reporting his salary and using company assets for personal use. and dolce and gabbana have cancelled their biggest ever fashion show in shanghai after complaints of racism over an ad for the event, featuring a chinese model trying to use chopsticks to eat a pizza. and the markets all opening in the red this morning. plenty more on that coming up. and from looking after big...
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Nov 22, 2018
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coming up next, the renault alliance and the nissan board are said to be sprint -- split over carlos s continuing leadership. this is bloomberg. ♪ loomberg. ♪ asia. this is daybreak haidi: let's get more on the fate of carlos ghosn, the nissan chairman, whose fate will be determined thursday. stephen engle is at the headquarters. what are we expecting to take place? >> a fascinating story that is captivating both sides of the continent. in tokyo as well as paris. that is the fate of carlos ghosn. perhaps going to be decided later this afternoon. depending on how the factions go, he could be ousted as chairman. we heard renault is standing by him as chairman until they have more evidence. let's get some more perspective on this. turning it over to my guest. the deputy head of research. you do cover nissan quite closely. this was ang like palace coup. reading in the papers, nobody knows for sure. what we are reading, it is more and more sounding that way. we are hearing more about this criminal issue being connected to their ownership and shareholding. what the relationship between the
coming up next, the renault alliance and the nissan board are said to be sprint -- split over carlos s continuing leadership. this is bloomberg. ♪ loomberg. ♪ asia. this is daybreak haidi: let's get more on the fate of carlos ghosn, the nissan chairman, whose fate will be determined thursday. stephen engle is at the headquarters. what are we expecting to take place? >> a fascinating story that is captivating both sides of the continent. in tokyo as well as paris. that is the fate of...
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Nov 23, 2018
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because there was a request from france's renault, which nissan has an alliance with, asking the nissan boardat request was withdrawn and anonymously they've agreed to fire carlos ghosn, ending his 19 years at nissan, the company he saved from bankruptcy. from monday, up until yesterday, everybody had been waiting for a statement from mr ghosn and finally he has a lawyer. did he say anything about the sentiments of mr ghosn? interesting to emphasise we haven't heard from mr ghosn, who is in police custody. his detention was increased to ten days. injapan you can be detained without charge for up can be detained without charge for up to 23 days, so it could be a while before we hearfrom him. as you say, the lawyer has been decided, he's a former prosecutor who went after a lot of ceos as a prosecutor. as you can imagine, a lot of speculation on social media about what this appointment says about what this appointment says about this case. but the lawyer went to speak with mr ghosn for several hours yesterday afternoon, but when he came out he didn't make any comments while reporters were waiti
because there was a request from france's renault, which nissan has an alliance with, asking the nissan boardat request was withdrawn and anonymously they've agreed to fire carlos ghosn, ending his 19 years at nissan, the company he saved from bankruptcy. from monday, up until yesterday, everybody had been waiting for a statement from mr ghosn and finally he has a lawyer. did he say anything about the sentiments of mr ghosn? interesting to emphasise we haven't heard from mr ghosn, who is in...
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Nov 22, 2018
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and so the feeling is that the nissan board, the nissan senior management want to take this opportunityhere injapan, for up to 22 days. during that period he can be interrogated daily for up to eight hours without a lawyer present. for mr ghosn, whether he is charged or not it is going to be a grueling few weeks. the detective in charge of the salisbury poisonings investigation has said the attackers had enough nerve agent to kill thousands of people. you know this story. this was in the south of england in march. the former russian spy sergei skripal and his daughter julia were poisoned. they were found seriously ill on this park bench. and police detective sergeant nick bailey was called to the scene, and also went to the skripal's house. he too had been poisoned by a nerve agent called novichok. all three made recoveries after weeks in hospital. police say that the nerve agent was in this perfume bottle. it claimed the life of dawn sturgess, after her partner found the bottle and gave it to her. the uk says russia was responsible for all of this, russia denies it. here is nick bailey
and so the feeling is that the nissan board, the nissan senior management want to take this opportunityhere injapan, for up to 22 days. during that period he can be interrogated daily for up to eight hours without a lawyer present. for mr ghosn, whether he is charged or not it is going to be a grueling few weeks. the detective in charge of the salisbury poisonings investigation has said the attackers had enough nerve agent to kill thousands of people. you know this story. this was in the south...
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Nov 19, 2018
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nissan's board will vote on the proposal to dismiss ghosn on thursday. japanese media reports say he is cooperating with authorities and has already been questioned. ghosn has been called le cost killer since his time at the top of renault, and some credit him with bringing new sign's -- nissan's vehicles back on the road to success after years of massive losses. javier: i'm joined by steven beardsley from the dw business desk to find out more about this whole issue that is going on right now. our viewers might not know carlos ghosn, but we saw that the industry certainly does. who is carlos ghosn? steven: right, so brazilian-born, lebanese parents, global figure, five languages, also speaks some japanese for the very much a manager's manager, someone who slashed costs and cares about the bottom line and often angers workers and unions. there were reports that french unions were very happy to hear this news that they crackdown because they are critical of his cunning costs. he became known as le cost cutter because he was active with with cutting costs a
nissan's board will vote on the proposal to dismiss ghosn on thursday. japanese media reports say he is cooperating with authorities and has already been questioned. ghosn has been called le cost killer since his time at the top of renault, and some credit him with bringing new sign's -- nissan's vehicles back on the road to success after years of massive losses. javier: i'm joined by steven beardsley from the dw business desk to find out more about this whole issue that is going on right now....
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Nov 23, 2018
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the board of the japanese car maker nissan has fired its boss, carlos ghosn, after claims of financialok at some front pages from around the world. singapore's the straits times hints at the country's future leader. it reports that finance minister, heng swee ket, is on course to become singapore's fourth prime minister. the business page of the financial times has good news for fans of electric cars in china. american carmaker, tesla, is cutting prices of some of its models to boost sales there. mainland china is the world's largest car market. and in the japan times a tweet by a government department has gone viral — but for the wrong reason. the tokyo immigration bureau has been criticised for telling off those who grafittied a public pathway. but ignoring the message, which is highlighting how long refugees are being kept in detention centres. you're up to date with all the papers. now, rico, what stories are catching people's eye online? an eye watering escape? that's right, kasia. well, kasia, this dramatic footage of people escaping from a burning building in the american city o
the board of the japanese car maker nissan has fired its boss, carlos ghosn, after claims of financialok at some front pages from around the world. singapore's the straits times hints at the country's future leader. it reports that finance minister, heng swee ket, is on course to become singapore's fourth prime minister. the business page of the financial times has good news for fans of electric cars in china. american carmaker, tesla, is cutting prices of some of its models to boost sales...
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Nov 23, 2018
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the nissan board voted unanimously to dismiss him, in marked contrast to renault.xchange aboutge the enterprise. what is very important for us is the preservation of the lights. the group is going through should not and that be allowed to threaten hundreds of thousands of jobs. lloyd blankfein held a meeting in 2010 with the malaysian financier alleged to be at the scandal -- at the center of the 1mdb scandal. blankfein has not been accused of wrongdoing. raised sachs says it money for 1mdb without knowing it would be diverted. global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. anna: thank you. a rockaught between and a hard place. spain threatens to veto brexit if there's no more clarity over gibraltar. this is bloomberg. ♪ ♪ anna: welcome back. here is what you should be watching out for today. it is black friday. the traditional start of the u.s. holiday shopping season. also, the bank of japan governor travels to china today. with central bank officials. he wi
the nissan board voted unanimously to dismiss him, in marked contrast to renault.xchange aboutge the enterprise. what is very important for us is the preservation of the lights. the group is going through should not and that be allowed to threaten hundreds of thousands of jobs. lloyd blankfein held a meeting in 2010 with the malaysian financier alleged to be at the scandal -- at the center of the 1mdb scandal. blankfein has not been accused of wrongdoing. raised sachs says it money for 1mdb...
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Nov 22, 2018
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it stabilized since, but with the nissan board meeting coming tokyo, the future of the lines between ubishi, nissan, and renault. investors are probably expected the stock will trade at a narrow band until some clarity emerges about the future of the alliance. remy?the latest on >> from the cointreau released its first half results, but first half beat consensus estimates. that is good news. analysts are pouring over the results. the company missed expectations, so there will be questions about that at the conference call that is about to start. on workingions capital movement but more importantly, questions on the outlook for china. the company just a few weeks ago said things are going well in china. in commentary on the outlook such a key market could impact the share price reaction. ,ot only that of remy cointreau but other beverage makers and luxury stocks suc. we are all over it and will keep you posted. in focus.ult and remy standard chartered? >> in hong kong, the london market will take its cue from there. and thisg kong trading report saying the bank is preparing to buy back
it stabilized since, but with the nissan board meeting coming tokyo, the future of the lines between ubishi, nissan, and renault. investors are probably expected the stock will trade at a narrow band until some clarity emerges about the future of the alliance. remy?the latest on >> from the cointreau released its first half results, but first half beat consensus estimates. that is good news. analysts are pouring over the results. the company missed expectations, so there will be questions...
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board, including greg kelly. is that a foregone conclusion? it will have to play out. renault would have a lot to say on that. they own 43% of nissanbiggest shareholder, so to get them off the board, there will have to be overwhelming evidence he did commit these crimes and that he is a detriment to the company. the day before we had the renault board basically saying they did not kick carlos ghosn out as chairman and ceo. they announced an interim deputy who is going to be taking over while carlos ghosn is incapacitated in japan. yvonne: right. some analysts we have been interviewing are saying this is just the beginning of this crisis when it comes to the alliance, perhaps toppling carlos ghosn was the easy part in all this. thank you for the latest out of tokyo. rish, you are watching other markets. normally we would be looking at japan as it enters the lunch break. it, u.s.rough time of government officials putting pressure on other countries not to use huawei and allow it to be part of the telecommunications infrastructures for their nations. , terribleanping numbers, ballooning losses. citi upgrading this one. this is down to
board, including greg kelly. is that a foregone conclusion? it will have to play out. renault would have a lot to say on that. they own 43% of nissanbiggest shareholder, so to get them off the board, there will have to be overwhelming evidence he did commit these crimes and that he is a detriment to the company. the day before we had the renault board basically saying they did not kick carlos ghosn out as chairman and ceo. they announced an interim deputy who is going to be taking over while...
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Nov 21, 2018
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the board of nissan is divided over whether to fire chairman carlos ghosn. third some directors say they have been given too little detail on his alleged financial crimes. the board is due to vote on his fate tomorrow afternoon japan time. ghosn was arrested monday after stepping off a plane in tokyo. ramping upnsumers the online spending before black friday. shopper spent $32 billion online in the first 20 days in november, up 17% from a year ago. hebrews comes as traditional retailers battle online customers may be offering holiday promotions and delivery deals weeks ago. and existing homes as the u.s. was for the first time in seven months, suggesting demand is stabilizing at the lower level. contract closings increased to average rate of 5.2 million homes. median sales price rose 3.8% from a year ago. that is your business flash update. scarlet: it has been a fairly tumultuous week for oil. crude is rallying today, but it has lost a lot of ground of late, still off by 3% over the last two days. our team leader for oil is joining us. there was a stockpile
the board of nissan is divided over whether to fire chairman carlos ghosn. third some directors say they have been given too little detail on his alleged financial crimes. the board is due to vote on his fate tomorrow afternoon japan time. ghosn was arrested monday after stepping off a plane in tokyo. ramping upnsumers the online spending before black friday. shopper spent $32 billion online in the first 20 days in november, up 17% from a year ago. hebrews comes as traditional retailers battle...
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in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in renault leaving it with no effective boat or power in its punch partner. a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault. the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to avoid. again what's important for now is to ensure the alliance between nissan remained stable. carlos' career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty. for more on the story let's bring in custom stoffel our he is a professor of strategic management management at warwick business school in the u.k. and a commentator on the car industry come to the program christian we've seen that this is a very complex allia
in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in renault leaving it with no effective boat or power in its punch partner. a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault. the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to...
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Nov 19, 2018
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nissan's board is seeking to oust carlos ghosn. he has been arrested we had a busy week of earnings and best buy and housing data are coming in in days ahead. obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> one of the most powerful executives in the auto industry. phil lebeau has more on the ceo. >> he has been holding a press conference for the last hour and raises more questions than answers.
nissan's board is seeking to oust carlos ghosn. he has been arrested we had a busy week of earnings and best buy and housing data are coming in in days ahead. obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay...
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Nov 23, 2018
11/18
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yesterday after hours of the board meeting, which to longer than expected, to be fair, nissan's boardrlos ghosn. apparently there was a request from renault not to fight him just yet, but that was withdrawn last minute, and as a result the end of his career at the car company, which he really saved two decades ago, because the company was in huge debt. it was practically on the brink of bankruptcy. it is interesting this delay in acting on carlos ghosn‘s actions in the company. what will happen to him next? is currently in police custody and his detention has been extended to ten days. injapan, one can be held without charge for 23 days. they could get extended as well. we have now learnt who he will represent —— we have now learnt who will represent him. it is somebody who was a prosecutor that used to go against many people accused of financial misconduct. having him represent carlos ghosn, there has been a lot of speculation as to what it says about the case. mr izuru about to make him yesterday, but when he saw the reporters, he did not say anything. so far we have not heard from
yesterday after hours of the board meeting, which to longer than expected, to be fair, nissan's boardrlos ghosn. apparently there was a request from renault not to fight him just yet, but that was withdrawn last minute, and as a result the end of his career at the car company, which he really saved two decades ago, because the company was in huge debt. it was practically on the brink of bankruptcy. it is interesting this delay in acting on carlos ghosn‘s actions in the company. what will...
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Nov 20, 2018
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on thursday, nissan's board will determine its course of action.avier: tech stocks are heavily losing market value on the trading floor. some compare it to a bubble. others say it is nothing to worry about. the developments originated of course in the u.s., where the big names are under pressure. but repercussions are global. reporter: as stock markets slide, driven by some of the biggest names in tech. take apple. at the beginning of this month it was worth over $1 trillion. now it has dropped to $880 billion. one reason for the decline, weaker than expected demand for the latest iphone models. bad not just for apple, but for the entire benchmark s&p index. here is why. >> well, when a company represents close to 5% of the s&p 500 itself, then, yeah, you do have companies that are behemoths that can move the market much more so than any company that is ranked 250 or below. reporter: but shares of other tech titans like facebook, amazon, netflix, and alphabet are also down, suggesting there may be more to the slump than simple iphone fatigue. toppi
on thursday, nissan's board will determine its course of action.avier: tech stocks are heavily losing market value on the trading floor. some compare it to a bubble. others say it is nothing to worry about. the developments originated of course in the u.s., where the big names are under pressure. but repercussions are global. reporter: as stock markets slide, driven by some of the biggest names in tech. take apple. at the beginning of this month it was worth over $1 trillion. now it has dropped...
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now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. she says in charge of bank hit a record low after the company was connected to the widening money laundering scandal involving a danish bank investor flight left the stock at just over eighty euros a share traders spooked by the testimony of a former employee at duncombe bank in copenhagen at a major european bank helped clear one hundred fifty billion euros worth of the transactions to lend was widely believed to be dutch about which helped dunn's cafe years done sky is accused of using its a stony and branch to launder money from russia. stuff a national correspondent in frankfurt and to buy spot if it is in trouble again. well that's a good christian if you're talking. so what has happened. who are those. actually i don't know how guard and. order so. it wasn't that it was. or not couldn't. follow through to the. courts. to the regular court terminating. in two thousand and fifteen was. something is not going right that. and if they would all be back with a full fifteen
now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. she says in charge of bank hit a record low after the company was connected to the widening money laundering scandal involving a danish bank investor flight left the stock at just over eighty euros a share traders spooked by the testimony of a former employee at duncombe bank in copenhagen at a major european bank helped clear one hundred fifty billion euros worth of the...
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now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. tech stocks are heavily losing market value on the trading floor some compare it to a bubble others say it's nothing to worry about the developments originated of course in the u.s. where the big names are under pressure but repercussions are global. a stock market slide driven by some of the biggest names in tech take apple at the beginning of this month it was worth over a trillion dollars now it's dropped to eight hundred eighty billion one reason for the decline weaker than expected to demand for the latest i phone models. not just for apple but for the entire benchmark s. and p. index here's why. well when a company represents close to five percent of the s. and p. five hundred itself then you do have companies that are behemoths that can move the market much more so than any company that's running to fifty or below but shares in other tech titans like facebook amazon netflix and alphabets are also down suggesting there may be more to the slump than simple i phone fati
now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. tech stocks are heavily losing market value on the trading floor some compare it to a bubble others say it's nothing to worry about the developments originated of course in the u.s. where the big names are under pressure but repercussions are global. a stock market slide driven by some of the biggest names in tech take apple at the beginning of this month it was worth over a...
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Nov 22, 2018
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in the next hour, the board of nissan are expected to remove him as chairman.is arrest has seen the share prices of nissan and mitsubishi fall sharply on the tokyo stock exchange. it has been the same story for renault‘s shares in paris, although the french company says it wants to see evidence before deciding whether to oust him from his role there. mr ghosn‘s removal from nissan would bring to an end more than 18 years in charge. he is widely credited with turning the company around. but nissan's japanese ceo this week described it as a regime, underlining tensions with the company's local management. that is partly because of this. renault, whose biggest shareholder is the french government, controls nissan, with a 43% stake. in return nissan, a far bigger company in terms of sales, owns just 15% of renault, with no voting rights. on wednesday, france's finance minister insisted the alliance with renault will continue. translation: i want to stress again my attachment as key shareholder to the alliance between renault and nissan. faced with today's technolog
in the next hour, the board of nissan are expected to remove him as chairman.is arrest has seen the share prices of nissan and mitsubishi fall sharply on the tokyo stock exchange. it has been the same story for renault‘s shares in paris, although the french company says it wants to see evidence before deciding whether to oust him from his role there. mr ghosn‘s removal from nissan would bring to an end more than 18 years in charge. he is widely credited with turning the company around. but...
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in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in reno leaving it with no effective vote or power and its french partner a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault the ousting of gone could signify that the japanese automaker wants to expand its influence and its alliance with frances renault. spicer's from the cas business school in london thank you very much for joining us. first of all just explain to us what's going on we as journalists can report on the developments here we know who's been thrown out who's being kept on but what we don't know is the boardroom intrigue. well what's been reported is that going has been jailed for misuse of company property property and under reporting of his salary but there's been discussions interesting lee that in some ways behind the scenes is a kind of corporate boardroom plot and particularly is this question about how much control news san has
in nissan giving the french a lot of power in the company right through to even appointing the nissan board the japanese company has only a fifteen percent stake in reno leaving it with no effective vote or power and its french partner a complete merger would have cemented nissan's position as the weaker partner even though the company is performing better than renault the ousting of gone could signify that the japanese automaker wants to expand its influence and its alliance with frances...
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first a decision needs to be made about future on thursday nissan's board will determine its course of action. and here's a reminder of the top story we're following for you at this hour as thousands of central american migrants head towards the united states a job. fair. denying asylum for those entering the country illegally. to restrict their ability to claim. on american soil. more coming out the top of the hour for now thanks for watching. how can we free the pacific ocean from plastic waste. a young dutchman is pointing the way he said course for a world full of plastic trash floating off the coast of california his ocean cleanup system is like a garbage truck for the high seas the maneuver is not without its risks. will his mission succeed. tomorrow today next on d w. beautiful and in mesa installation. stunning shadow was. magical the mind. exceptional artists looking with lights. now on the bright shiny is a series of this week on the euro back in sixty minutes. a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and
first a decision needs to be made about future on thursday nissan's board will determine its course of action. and here's a reminder of the top story we're following for you at this hour as thousands of central american migrants head towards the united states a job. fair. denying asylum for those entering the country illegally. to restrict their ability to claim. on american soil. more coming out the top of the hour for now thanks for watching. how can we free the pacific ocean from plastic...
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Nov 20, 2018
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on thursday nissan's board will meet to formally dismiss him from his position as chairman and becauseexecutive officer of renault, that has prompted the french finance minister today to say that mr ghosn can no longer lead that company, the board will meet in paris and it looks like mr ghosn will lose his job as ceo of renault as well. studio: thank you, rupert wingfield—hayes. our top story this lunchtime. the prime minister will travel to brussels tomorrow to meet the european commission president, jean claude juncker, amid continuing criticism of the brexit agreement from members of her party. and still to come... the first woman to become prime minister of australia tells the bbc of her shock at the sexist abuse she received while in office. and coming up in the sport in the next 15 minutes on bbc news... sir mo farah says he's going to take part in the london marathon again next year. he came third in april but won in chicago last month, his first victory over the distance. the former australian prime minister, julia gillard, has spoken of her shock at the level of sexist abuse s
on thursday nissan's board will meet to formally dismiss him from his position as chairman and becauseexecutive officer of renault, that has prompted the french finance minister today to say that mr ghosn can no longer lead that company, the board will meet in paris and it looks like mr ghosn will lose his job as ceo of renault as well. studio: thank you, rupert wingfield—hayes. our top story this lunchtime. the prime minister will travel to brussels tomorrow to meet the european commission...
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we are hearing from the financial times that the nissan board was opposed. the most since 2016 in the last session. plenty more to come. this is bloomberg. ♪ haidi: this is "daybreak: asia." now as investors digest the market implications from the arrest. stephen engle is in tokyo. the headline on nissan and all these allegations keeps on coming. >> that is right. we are learning from various reports from the investigation that led to the arrest of carlos , it was stemming from the board'sceo and the position grab to a merger that they were pushing between the key alliance partners. for more on this developing story, let's bring in the research head. thank you so much for your time. was this the best way out for nissan, if indeed they did not want a merger? >> that is an interesting question. it is true that they had expressed reservations about a merger. not sure this would be the best way to do it, must there was an underlying problem. >> there seems to be an underlying problem, the height --s at that hastily arranged press conference. too much control was
we are hearing from the financial times that the nissan board was opposed. the most since 2016 in the last session. plenty more to come. this is bloomberg. ♪ haidi: this is "daybreak: asia." now as investors digest the market implications from the arrest. stephen engle is in tokyo. the headline on nissan and all these allegations keeps on coming. >> that is right. we are learning from various reports from the investigation that led to the arrest of carlos , it was stemming...
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regardless of the rest it is important that the current nissan reno mitsubishi alliance maintain a stable relationship. but first the board of nissan must decide what to do about gone whatever the board determines on thursday there's no way out of the turbulence that's had a top player in the automotive industry. bank of england governor mark carney gave his backing on tuesday terry bradshaw the deal struck by british prime minister theresa may and european union officials it would help smooth the country's departure from the block mr carney said lawmakers in the. heads over prime minister may's draft agreement with or without of the old the date of separation is drawing closer and. how that will impact the. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs it looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste
regardless of the rest it is important that the current nissan reno mitsubishi alliance maintain a stable relationship. but first the board of nissan must decide what to do about gone whatever the board determines on thursday there's no way out of the turbulence that's had a top player in the automotive industry. bank of england governor mark carney gave his backing on tuesday terry bradshaw the deal struck by british prime minister theresa may and european union officials it would help smooth...
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Nov 20, 2018
11/18
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BLOOMBERG
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nissan stalls. the carmaker dropped as much as 6.5% after the arrest of the chairman. renault's boardts later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one thing to worry about his trade, the other is tech, and to some extent these to come together when you think about global supply chains. we see the australian dollar a little bit weaker, a proxy perhaps for some concerns around trade. i want to bring you that, because we have seen some selling in chinese equities and perhaps see a little bit more appetite for sovereign bonds in china. is not forget what we are talking bout with regards to energy prices. brent crude down by 0.6%, so another drop in. fuel prices. we spoke to the. agojet ceo a little while and he was reflecting on the oil price. tech
nissan stalls. the carmaker dropped as much as 6.5% after the arrest of the chairman. renault's boardts later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one...
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Nov 22, 2018
11/18
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BBCNEWS
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the board of nissan are expected to formally confirm later today that chairman carlos ghosn has beenom hisjob. he was arrested on monday after an internal investigation at nissan revealed "significant acts of misconduct." he's suspected of under—reporting how much he was being paid. he's also boss of renault and mitsibushi — although the french company have yet to remove him from his post. rupert wingfield hayes is our tokyo correspondent —
the board of nissan are expected to formally confirm later today that chairman carlos ghosn has beenom hisjob. he was arrested on monday after an internal investigation at nissan revealed "significant acts of misconduct." he's suspected of under—reporting how much he was being paid. he's also boss of renault and mitsibushi — although the french company have yet to remove him from his post. rupert wingfield hayes is our tokyo correspondent —
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Nov 25, 2018
11/18
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BLOOMBERG
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board. the two of them being ousted late last week, thursday as the sun voted to oust carlos ghosn s -- thursday as nissanoust carlos ghosn as chairman. at four: 30 p.m. local time, mitsubishi, the third and smaller member will have their board meeting. we heard last week from the ceo whoitsubishi motors basically gave verbal endorsement to carlos ghosn, but a lot has transpired including a unanimous vote from the nissan board thursday night. they will meet later today, 4:30 local time tokyo to vote whether to keep carlos ghosn as chairman of mitsubishi motors. nissan owns 34% of mitsubishi motors. ceo of nissan who supposedly led this as some against theup carlos ghosn, but on the back of allegations of misconduct, which have been handed to the tokyo prosecutors office. they have not charged him yet, but this man will lay his case and update global employees of nissan later today as well. bit -- little ramy: a little bit more into the alliance. how stable or not is it? stephen: it will be interesting to see how mitsubishi votes. if they oust carlos ghosn as well, that it is up to renault and the french g
board. the two of them being ousted late last week, thursday as the sun voted to oust carlos ghosn s -- thursday as nissanoust carlos ghosn as chairman. at four: 30 p.m. local time, mitsubishi, the third and smaller member will have their board meeting. we heard last week from the ceo whoitsubishi motors basically gave verbal endorsement to carlos ghosn, but a lot has transpired including a unanimous vote from the nissan board thursday night. they will meet later today, 4:30 local time tokyo to...
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Nov 23, 2018
11/18
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CNBC
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nissan's board deciding to give carlos ghosn the boot. phil lebeau has more on the details. orning. it looks like nissan is moving forward with stripping carlos ghosn of almost all power he had within the company renault is taking a more wait and see approach here are the details that have come out over the last 24 to 48 hours. and with regard to carlos ghosn's chairmanship of nissan, they said the other day they would boot him out of that job they did it officially the board voting to strip him of the chairman title he is still on the board until the shareholders vote to remove him. that will happen in the next couple of months he remains in detention in tokyo. there's no time frame for formal charges to be filed against carlos ghosn some details in reports out of japan regarding the scandal. one of them is that carlos ghosn's sister was reportedly paid more than $100,000 for con sumtdi sultding work she never did. ghosn also ordered payment of 1$1.5 million for house renovation work. that's according to nhk. the prosecutor's office in japan said there are those who call thi
nissan's board deciding to give carlos ghosn the boot. phil lebeau has more on the details. orning. it looks like nissan is moving forward with stripping carlos ghosn of almost all power he had within the company renault is taking a more wait and see approach here are the details that have come out over the last 24 to 48 hours. and with regard to carlos ghosn's chairmanship of nissan, they said the other day they would boot him out of that job they did it officially the board voting to strip...