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Nissan CFO Stephen Ma to step down, Bloomberg News reports

Nissan declined to comment when contacted by Reuters. Ma became Nissan's finance chief in 2019, replacing Hiroshi Karube, weeks after it named the head of its China business, Makoto Uchida, as its next chief executive.

Reuters 1 hour ago

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Adani’s Backers Muster a United Front to Counter US Charges

(Bloomberg) -- Almost a week after bombshell allegations by the US of Gautam Adani’s involvement in a bribery plot, an outpouring of public backing for the Indian billionaire slowly began to build.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe groundswell began early Wednesday, when an Adani Group unit issued a filing asserting that initial repo

Drugs Help Switzerland Withstand Pain From Swings in the Franc

(Bloomberg) -- For Swiss policymakers confronting the franc’s strongest levels in almost a decade, there’s comfort to be had: its squeeze on the economy isn’t quite what it used to be.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasA country whose signature exports include chocolate, cheese and watches is benefiting from the rising proportion that ph

Baidu's Apollo autonomous vehicles granted licence to test in Hong Kong

China's Baidu has received the licence to test autonomous vehicles with its Apollo robotaxi service in Hong Kong as it expands its footprint outside Chinese mainland. Baidu Apollo International Ltd was approved to conduct trials for 10 autonomous vehicle in North Lantau, according to a statement released by Hong Kong's Transport Department on Friday. The Hong Kong government has since at least 2017 actively promoted autonomous vehicles, but has only recently allowed wider trials of autonomous vehicles including on public roads following the rollout of a new regulatory legislation in March this year.

Stealth destroyer to be home for 1st hypersonic weapon on a US warship

The U.S. Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship.

BOJ’s Ueda Says Rate Hike Getting Nearer With Wage Trend Key

(Bloomberg) -- Bank of Japan Governor Kazuo Ueda said interest-rate hikes are “nearing” as inflation and economic trends develop in line with the central bank’s forecasts, helping strengthen the yen without explicitly supporting an increase in December.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“We will adjust the degree of monetary easing at th

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court, where they said they will drop their claims against each other. Neither company disclosed settlement terms, according to the court filings. JPMorgan and Tesla did not immediately respond to Reuters' requests for comment.

China Nov factory activity expands for second month as Trump threats loom

BEIJING (Reuters) -China's factory activity expanded modestly for a second straight month in November, an official survey showed, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world's second-largest economy just as Donald Trump ramps up his trade threats. The National Bureau of Statistics purchasing managers' index (PMI) on Saturday rose to 50.3 - a seven-month high - from 50.1 in October, above the 50-mark separating growth from contraction and beating a median forecast of 50.2 in a Reuters poll. The mood in China's manufacturing sector has been depressed for months due to tumbling producer prices and dwindling orders, but two months of positive PMI readings suggest the stimulus announcements are improving sentiment on factory floors.

JPMorgan Drops Suit Against Tesla Over Musk Tweet and Warrants

(Bloomberg) -- JPMorgan Chase & Co. agreed to drop a lawsuit it filed against Tesla Inc. three years ago seeking $162 million tied to stock warrant transactions.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe move to end the litigation was announced Friday in a one-page court filing by both sides, in which they dropped their claims against each o

Irish Vote Close as Exit Poll Puts PM Harris, Sinn Fein Level

(Bloomberg) -- Irish Prime Minister Simon Harris’s Fine Gael party is locked in a virtual dead heat with Sinn Fein in the general election, suggesting his decision to go to the country early didn’t yield the advantage he predicted.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasFine Gael won 21% of first-preference votes in Friday’s election, the off

Rush to ‘Value Up’ May Be Asian Stocks’ Best Defense From Trump

(Bloomberg) -- A Japan-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasFrom Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structu