this is after renault and nissan confirmed to restructure with renault reducing stake in nissan to 15% from 43%. we are seeing a little bit of at the stock has done well. let's get to charlotte charlotte has been monitoring these for the last couple months we finally have a resolution it appears to put both carmakers on equal footing >> reporter: absolutely, joumanna this new alliance, as you said, has been discussing since october. they were carrying trustful discussions with the two partners it is a 20-year old alliance there has been friction and issues one of the sticking points with nissan and renault is the shareholder structure. renault owned 43% of nissan and they had no voting rights. there is tension with the two partners this is another issue with the equal share holding of 15% within each other with voting rights renault will transfer 28.4% of the rest of nissan into the french trust and they can sell that stake further down the line if they want when it is commercially viable that will free up issues for renault. they have announced recently the ev unit and potentially lis

were notes in nissan -- renault and nissan are revamping their alliance.er months of drama, is this really it? what are the next steps? >> certainly good news for reno and nissan today. a key step forward. the operating board of the alliance met on thursday and gave the top executives of the three companies -- let's not forget mitsubishi here. they gave them an overhaul of the alliance and very complicated in the past few years. a lot of drama. the statement this morning is quite smooth and language but let's not forget that this is the result of months of tense talks. good news but it is not the final word it yet. the boards of the respective companies have to approve the deal now. it should not be very problematic for the renault board but for nissan, we have seen surprises in the past. independent board of directors have given their nod to the plan a january 7 but until the contracts are signed we will have to wait for those details to come in a few days. francine: what does this mean effectively? >> this is a good question because renault and nissan wa

not an easy process, of course, uh, it’s very good that, within the framework of the departed renault nissanroduction processes have been unified and there are uniform logistics safety standards. e team management all this will give us the opportunity to restart the conveyor in st. petersburg as soon as possible, and we plan to do this in the second half of next year, it has already started working with new partners. leningrad avtotor, assembly of chinese cars of three brands began there. is it true. which ones have not yet been disclosed in the test mode, over 1,500 vehicles have already been assembled by the end of 2022. this year, the volumes will increase significantly, says governor anton alikhanov next year, the lower bar, but according to the plans are 50,000. but this is understandably such a pessimistic figure. that is, we still aim at 100,000 cars a year, it is clear that this is far from the indicators that we demonstrated. e last years 200-220.000 cars. but we very much hope that the search for new partners will continue. well, the pluses that are and their own projects. in parti

not an easy process, of course, uh, it’s very good that within the framework of the departed renault nissanduction processes have been unified and unified logistics security standards. e control together, all this will give you the opportunity to restart the st. petersburg conveyor as soon as possible, and we plan to do this in the second half of next year, the kaliningrad authors have already started working with new partners. the assembly of chinese cars of three brands has begun, however, which ones have not yet been disclosed in test mode until the end of 2022, more than one and a half thousand cars have already been assembled this year, volumes will increase significantly, says governor anton likhanov next year, lower bar, but according to plans, there are 50,000 . but this is understandably such a pessimistic figure. that is, we are aiming, after all, something more cars per year, it is clear that this is far from the indicators that we demonstrated. in the past years, there were 200-220 thousand cars, but we very much hope that the work to find new partners will continue. well, the p

. >>> and nissan and renault is agreeing to revamp the alliance. they will move the shares up to 15% in the french trust. nissan will invest in renault electric vehicle arm the move still needs to be approved by both boards. dom. >> pippa, thank you very much for the headlines. >>>another rough day shaping u for intel after the ugly trading session on friday and uglier fourth quarter report. that stock is down8% in the last week adding to the 40% decline in last few months the semi conductor is up 17% ths year out performing the broader market and coming off the longest weekly winning streak since august with micro devices waiting in the wings reporting this week as intel is the first shoe to drop. could we expect positivity joining me is patrick moorhead at insights and strategy we look to you for some of the insights we have here. i wonder if the outlook for semis that bad is intel a foreshadowing of things to come >> first off, it is important to separate the different sectors of the semiconductor market. there's memory that has taken a beating o

since what is the first nuclear power plant in turkey to be built with the support of rosatom , renault and nissan have revised the terms of the partnership. the french concern reduces its participation in the japanese company, 43 to 15% of the same block of shares in renault is now held by nissan itself with an extra share. the french will transfer a special trust from there, the paper will be gradually sold. the companies are now finalizing the details of the deal. after that, it will have to be approved by the councils. directors of both firms. this was the news of the economy in short. order groceries at the savings banquet. delivery is free here is a corporate party. enterumin is a new generation enterosorbent, its mineral matrix removes toxins from the body, retaining beneficial substances, a smart solution against poisoning. now or never buy powerful and affordable infinix smartphones with discounts up to 45% on wildberries british prime minister boris johnson, in an interview with the bbc, he said that during a telephone conversation, vladimir putin allegedly threatened him with a missile

renault. nissan and renault restructuring the decades long alliance it will equal the cross shareholder and reducing the stake from 40% to 15%. the move requires approval from both boards. renault would transfer 28% of the shares in the french trust voting rights would be neutralized. renault would benefit from proceeds of shared sales renault would instruct the trustee to sell the shares if reasonable as part of the coordinated process. you might remember the story of carlos ghosn think about it carlos -- i don't think he was trying to do this, but he was trying to do something closer to this >> yes >> not only got coousted from t company, but ended up on a ship in japan and he put himself in a musical box or something, right? >> yes smuggled himself out and ended up in beirut >> i don't think if you have seen the last flight of the rise of renault and the coming of age of carlos ghosn. there was along the consternation that ghosn was spending much time continuing to manage nissan despite that renau

the holy grail for nissan is to rebalance a cross stakeholding in a situation where renault owns 43% reas nissan holds a smaller stake in renault. coaster holdings are also being brought into this grand deal. there's a lot of moving parts. is very complicated. we were expecting an announcement or deal in november. we are now in january. within the next few weeks, we should get a sense of one that will happen and probably some sort of announcement and agreement within a month or two. >> reed stevenson there. we will be watching carmakers for the opening of japan and korea. we are watching asian chip suppliers, in focus after apple aims to drop broadcom chips by 2025 to use an in-house product. also shares of asian mining companies could be trading actively after base metals searched optimism of china's economic recovery. -- surged on optimism of china's economic recovery. >> we have live interviews coming up, speaking with the cohead of aipac m&a, the global cheap economist -- chief economist, later on bloomberg: "bloomberg markets: asia" next. this is bloomberg. ♪ it's official, ameri

structure that has been in place for a really long time since carlos ghosn came in and rescued nissan with renaultmost 50% of the company so the deal is for them to sell down gradually. 28% of nissan and for each side to have an equal stake which really does go a long way i think to addressing this real bugbear and nissan that sort of overshadowed relations between these two companies that is supposed to be in this alliance with mitsubishi motors for many, many years. it has been behind a lot of the hostility between the two sides and has held them back in terms of really, you know, addressing the challenges that automakers are seeing today. haidi: our managing editor for asia global business, emma o'brien, with the latest on the impacts -- advancements when it comes to advancing the science had let's get you a quick check of the latest business flash headlines. brian cohen is calling on alibaba to increase its share buybacks. in the wall street journal says his interest was built in the second half of last year, worth hundreds of millions of dollars. he has a strong following among meme stock inv

. >> nissan renault partnership facing changes french automaker will take stake, down to 15%, nissan limit french partners' control over management benefit the approved plan taking a look at the stocks, as you can see, moving into different directions fractionally. we know who is heading to the super bowl, first afc committee substitute city chief out lasting cincinnati bengals after game-winning drive led by patrick mahomes. >> a chance to clock it take your time take the shot mahomes rolling out third an four going for the -- the market -- out of bounds to stop it, offside hurt hit bench coming in to puta it 15 yards closer. 45 yards. -- all the way, it is good! cheryl: chiefs taking home 23 to 20 win, there was controversy, the ref duled a do refer chef got first down after a penalty, nfc hold off eagles stomping san francisco 49ers ugly 31 to 7 eagles, playoff games combined 55 points, the city of philly, not only one celebrating, empire state building in new york city, turning green and white many new yorkers not happy the "new york post" cover this morning. calling it birdbrain

renault may reduce its stake in nissan to 15% as early as this month, the emeri newspaper reports., the company owns 43% of the shares of the japanese partner, and nissan only a 15% stake in the french corporation, the japanese side has always considered this state of affairs unfair. what caused the lengthy negotiations? a revision of the alliance's terms of agreement in principle on this issue has already been reached. on this i have more and more news in the next part. attention in case of allergy poisoning and a hangover, it's time to drink polysorb this has never been russian cold 150 g, an unprecedented rich taste in one glass. try a real ice cream. russian voice great incredible taste of sovcombank as soon as you think about savings, as sovcombank offers an excellent interest on the deposit. and so. you skim the cream off it in the sovcombank clan in the branch and online under 9% per annum engine protection from the first second in engine oil rolf quality uncompromising. you can apply for a disability in person or in absentia , on the basis of medical documents, you can rece

renault may reduce its stake in nissan to 15% as early as this month, the emeria newspaper reports, theurrently owns a 43% stake in a japanese partner, and nissan only a fifteen percent stake in a french corporation, the japanese side has always considered this state of affairs unfair. what has become reason for the lengthy negotiations to revise the conditions of the alliance, an agreement in principle on this issue has already been reached. that's all for now , more news in the next chat. we watch russian cartoons and children's programs in order to spend time with children, we watch for free without registration equipment engaged in hostilities is provided by the logistics unit in these shots, the work of specialists from the eastern military district often has to deliver fuel and refuel the car right under enemy fire, but servicemen are ready for this, in addition to automotive armored vehicles, fuels and lubricants are needed for autonomous power supply units and heating points. the organization of refueling takes place by means of refueling and transported by the fuel battalion of

shery: renault is offering some concessions to nissan as the automakers work on a deal to reboot their. nissan's board will meet to consider the proposals, including reassurances easing concerns over shared intellectual property. bloomberg has learned wells fargo posted higher-than-expected fourth-quarter -- jp morgan says the net interest income will be lower than expected as the economy shows signs of slippage. america's biggest bank at nii at $74 billion below an estimate. that's it for "daybreak: australia." "daybreak: asia is next." this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy to make your home an a check out angi.com today. angi... and done. >> you are watching "daybreak: asia," live

nissan. the arrangement will also allow renault to carve out its electric vehicle and software business, whichompany wants to take public this year. that is your latest business flash. tom: thank you very much indeed. let's take a look at where european markets are trading as we had to the close. you are seeing losses. i want to highlight a couple of individual corporate stories. we have had a note out from barclays. they have come out with an upgrade for european banks. on the back of what they see has continued higher rates for longer. also saying the value has yet to catch up with the prospects around the banking space. this is one just detailed in terms of the job cuts, you've seen the biggest jump in that stock price. the biggest jump in about two years. they are cutting about 6000 jobs but also saying they are starting to see some of the supply chain constrains ease and a pickup in order. you're just seeing eye gaze of 7% in the session as we come toward the close for that dutch tech company. let's go to ryanair. we have been discussing this one. they think they're going to have a record

what this does is move down the stakes nissan has in renault.ut of the nikkei right now. this -- i don't have the details as to whether we are going to be getting the same voting powers. let's move to the company focus. we are looking at a move up for adani enterprises. ports on the way up as we get this rebuttal to a rebuttal from the hindenburg research group which has been targeting adani saying they are using erroneous information and adani saying the hindenburg is calculated. we are going to be looking at mixed stocks when the cash market opens in just over five minutes from now. also in india going to be looking at the budget unveiled wednesday. going to be seen as a key test for prime minister modi. going to be joined by hsbc's india economist. this is bloomberg. ♪ rishaad: three minutes to go before these stocks open when the cash market does hit. mixed bag for adani group related stocks after we had the hindenburg research claiming the 413 page rebuttal from adani did not answer -- they addressed 65 of the 88 questions raised by hindenb

japan's nissan and france's renault have owned large stakes of stock in each other's companies. more than 20 years. the deal has allowed them to share production and technology, which saved money for both companies. but renault has owned a much larger stake in nissan, and that has created some friction because it could usually out vote nissan when they had differing priorities, companies say the new agreement will give them equal voting rights. at least two insurance companies have stopped offering new coverage and some models of kias and hyundais, progressive and state farm say they not. they are not writing new policies for cars from the model years 2015 through 2019. they say the cars do not have current anti theft equipment, which makes them much easier to steal . insurance industry officials report. auto thefts of those cars has increased 300% in recent years time now. 5 35 disappointed 49ers fans looking ahead and out of neck. season after the 49ers tough loss to the eagles in the nfc championship game. vinyl score 31 the seven the trouble started for the 49ers in the eagl

no -- renault is agreeing to lower the nissan stake and transfer the remainder of the stake into a frenchst for a sale. the deal still needs approval from the boards. the japanese automaker will invest in no -- renault's business. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh (upbeat music) there's more to business than the business you're in. (robot whirring) want smarter factories? that's the internet of things business. accelerating r and d? data science business. hey. have a look. managing global supply chains? shrink our carbon footprint business. thank you. (in foreign language) that's where deloitte comes in. with a potent blend of acumen and technology to help advan

renault gaining 0.3%. we are hearing talks from japan that the french ceo will be traveling to the country this weekend to work with nissan for a potential deal and they could have that deal by the end of the month in terms of how they restructure that alliance. lindt was a beat in terms of guidance, gaining 1.1%. they expect sales up 3.8% this year. let's get over to mark cudmore. you are also drilling down all things boj for us. mark: good morning. the boj tomorrow is the massive binary event risk from global markets. the boj has little credibility with traders. they are being challenged at an exceptional degree, and that is why they had to buy almost $100 billion worth of jgb's in just four days to maintain their yield curve control. at that pace, they would end up owning 100% of the jgb market by the end of the year, which modifies the debt and it is the largest government debt pile in the world. it is extraordinary the things happening in japan. they came with a slight tweaking of their yield confirm that yield control curve and it was not about the economic conditions or the war with inflation. it was about market f