Nissan taps new Renault boss to replace Ghosn on board

TOKYO: Japan’s Nissan said on Tuesday that its board has nominated the new boss of Renault to replace Carlos Ghosn, who is in detention facing charges of financial misconduct. The decision to turn over Ghosn’s board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company said it had set an April […]

SoftBank Corp books quarterly profit jump

TOKYO: Japan’s SoftBank Corp booked a 24 per cent rise in quarterly profit on Tuesday as users switched to data-heavy plans, pinning future growth on the rise of 5G services in the mobile carrier’s first earnings report as a public company. With concerns over a changing mobile market keeping its shares below their blockbuster IPO […]

UAE private sector returns to stronger growth trajectory

Dubai: The Emirates NBD Purchasing Managers’ Index (PMI) for the UAE rebounded to 56.3 at the start of 2019, after a disappointing December reading of 54. The January PMI was the highest reading in seven months and signalled a good start to the year for the non-oil private sector. “The main driver for the higher […]