Ghosn freed on bail in cap, face mask after 108 days in jail

Carlos Ghosn walked out of a Tokyo prison on bail after 108 days in detention, vowing to fight allegations of financial crimes that could imprison the former Nissan Motor Co chairman for as long as a decade. Flanked by police officers and wearing a light blue baseball cap, face mask and eyeglasses, Ghosn climbed into […]

Moody’s downgrades Oman on challenges to fiscal consolidation

Dubai: Moody’s cut Oman’s credit rating to junk, saying its outlook for the rating was negative and citing fiscal challenges in an environment of moderate oil prices. Oman’s state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame. […]

Trump and Xi are close to a deal, but the trade war isn’t over

The world’s two largest economies are nearing the finish line on a trade deal that could be signed by President Donald Trump and his Chinese counterpart Xi Jinping as early as this month. But that doesn’t mean the trade war ends. More work remains on a deal that will ensure that Beijing will follow through […]