Hints and tips:
...Mitsubishi Motors chairman Osamu Masuko has resigned, marking the last departure of a Carlos Ghosn-era chief executive in the alliance with Nissan and Renault. More here....
...On May 3, 2018, the Company and its subsidiary Tesla Motors Netherlands B.V. entered into the Ninth Amendment (the “Ninth Amendment”) to the Credit Agreement....
...(FT) Nissan buys Mitsubishi stake Nissan is taking a 34 per cent stake in Mitsubishi Motors for about Y240bn ($2.2bn), as its smaller Japanese rival grapples with a scandal over inflated fuel economy data...
...The liberalisation of capital controls, opening up Japan to the world, had begun. The fruit of those talks is what we now know as Mitsubishi Motors....
...In Yangon, the commercial capital, other signs of boom times include Ford Motor’s new showroom and factories such as Suzuki Motor’s newly recommissioned plant, abandoned when it withdrew in 2010, and a Unilever...
...The rating agency said the action came in response to the recent downgrade of France to Aa1 from Aaa, and the high correlation in credit risk present among the ESFS’ and ESM’s entities’ largest financial...
...The Olympics has brought leaders of the world’s largest companies to London, including the heads of Cisco, Google, Toyota, Citigroup, Tata, Nestle, Mitsubishi, Comcast, Johnson & Johnson, Hutchison Whampoa...
...This year’s Detroit auto show, which starts on Monday, will highlight America’s resurgent car market and the transformed fortunes of the home town producers General Motors, Ford Motor and Chrysler....
...The downgrades followed the lowering of Italy’s long- and short-term credit ratings in January....
...Among the banks, Mitsubishi UFJ Financial rose 1.8 per cent to Y340 and Sumitomo Mitsui Financial added 2.2 per cent to Y2,235....
...Toyota Motors , which gets a quarter of its revenues in North American markets, fell 2.6 per cent to Y2,640 while rival carmaker Honda , whose biggest single market is the US, fell 4.7 per cent to Y2,389...
...Monday’s session was the first chance for Asian markets to react to the downgrade of the US credit rating by Standard & Poor’s....
...“Finding $2,000bn in cuts in an election year will be extremely difficult and should increase fiscal risk premiums,” said Priya Misra, head of US rates research at Bank of America Merrill Lynch....
...South Korea’s Kospi Composite index slid 2.2 per cent to 2,109.73 with Hyundai Motor off 3.1 per cent to Won231,500....
...It has been Washington’s adviser of choice on a number on high-profile bailout-era deals, including stock sales by General Motors and Citigroup....
...Credit Saison, a consumer lender, climbed 8.7 per cent to Y1,594 while Ebara, a pump maker, surged 14 per cent to Y450 – the biggest gain in the Nikkei 225 – after both companies raised full-year forecasts...
...Among leading exporters, Toyota Motor rose 0.9 per cent to Y3,290, while Canon gained 0.4 per cent to Y4,095 and Sony also added 0.4 per cent to Y3,000....
...Derek Halpenny at Bank of Tokyo-Mitsubishi UFJ says: “Without the support of other countries, the success of intervention in Japan must be questioned.”...
...It was also surprising for a company that over the past decade had failed in partnerships with Chrysler, Mitsubishi Motors, and Hyundai....
...Commitments to develop offshore wind made by General Electric, Mitsubishi Power Systems and Siemens could be affected....
...“Behind the moves in the currency markets are credit concerns for Greece and Dubai and the uncertainty of those situations is also making investors cautious and prompting some to take profits.”...
...Japan Airlines was in focus, rising 4.8 per cent to Y105, after reports that state-owned Development Bank of Japan would offer a Y100bn line of credit as part of a government rescue package for the airline...
...The world’s biggest car maker, Toyota Motor, which makes a third of its revenues in north America, fell 3.4 per cent to Y3,700....
...It dropped 6.7 per cent to HK$4.90 as fears resurfaced that Bank of America might sell all or part of its stake in CCB since a lock-up period expired last week....
...Honda Motor, which makes nearly half of its revenue in North America, rose by 1.6 per cent to Y2,895 as a weaker yen increases the value of foreign profits....
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