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During trading on the French stock exchange Euronext Paris, shares of the French car manufacturer Renault were down 15%, and by 13:53 Moscow time, they traded at 56 euro 39 cents per share, having fallen 12.5%. The fall was caused by the scandal around the head of the company and the Renault-Nissan-Mitsubishi alliance Carlos Ghosn, who has been accused of under-reporting of personal income for many years. This information was confirmed by the Japanese car manufacturer Nissan Motors, whose director Hiroto Saikawa proposed to the board of directors that Ghosn be immediately removed from his position. The Japanese newspaper Yomiuri has published an article stating that Ghosn has already been arrested. He is suspected in a suspicion of understating income.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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