Business News :

Carlos Ghosn to be indicted on additional charge as early as Monday - NHK

Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on an additional charge of aggravated breach of trust as early as Monday when his current detention period expires, public broadcaster NHK reported on Friday.

U.S. producers harmed by wooden cabinet imports from China - trade panel

The U.S. International Trade Commission said on Friday it had determined that imports of wooden cabinets from China are harming American producers, keeping alive a trade investigation that could lead to tariffs on the products.

Will the Benettons use Alitalia to fly in from the cold?

Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favour with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.

U.S. homebuilding near two-year low; permits extend decline

U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

India's SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week.

Fiat Chrysler recalls 320,000 Dart cars that could roll away

Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the shift cable to detach from the transmission.

Kremlin says Mueller report shows no evidence of Russian meddling

The Kremlin said on Friday that U.S. Special Counsel Robert Mueller's long-awaited report did not contain any evidence the Russian state had meddled in the 2016 U.S. presidential election.

China will keep supporting economy as 'pressure' lingers: politburo

China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.

Feuding within Italian coalition intensifies amid recriminations

Italy's coalition partners clashed angrily on Friday over mutual allegations of corruption, with relations between the League and 5-Star Movement at their lowest ebb since they formed a government last May.

Scholz rules out new debt to stimulate Germany's slowing economy

Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany's slowing economy and blamed anaemic growth this year on external factors like unresolved trade disputes and the risk of Britain leaving the European Union without a deal.

China further relaxes rules for index futures trading

China's financial futures exchange said on Friday it was further relaxing index futures trading rules,reducing margin requirements,cutting fees and allowing more trading activities.

China's top steelmaking city Tangshan issues second-level smog alert from April 20

China's top steelmaking city of Tangshan in Hebei province issued a second-level pollution alert on Friday in response to a wave of smog expected to blanket the region, the local government said in a statement via its social media account.

South African government rescued Eskom from default in April

South Africa's government rescued Eskom from default early this month by giving the struggling state power firm $355.5 million to help it meet its obligations, according to a finance ministry report to parliament seen by Reuters.

Mir card payment system looks beyond Russia

After Western sanctions gutted Russia's financial system five years ago, a new bank card began appearing in the wallets of many Russians.

U.S.-Thai pair facing death for 'sea home' should fight the charge: Thailand

A senior Thai government official on Friday urged a U.S. man and a Thai woman on the run from a possible death sentence for building an off-shore "sea home" to fight the charge in court.

Malaysia to revive multi-billion dollar project linked to China

Malaysia said on Friday it will revive a multi-billion dollar property project to be built by a China-linked venture, nearly two years after it was cancelled.

Irish Brexit border issue could endanger EU-U.S. trade deal: congressman

An influential U.S. congressman has warned the European Union that any Brexit arrangement that undermines Northern Ireland's 1998 peace agreement could endanger a proposed EU-U.S. trade deal, the Irish Times reported on Friday.

In the city of Gouda, Dutch cheesemakers worry about U.S. tariffs

Surrounded by 15-kg (33 lb) wheels of cheese ready to be carted away in horse-drawn carriages, a dairy farmer in the Dutch city of Gouda faces off against a cheese trader wearing traditional wooden clogs.

Oil market likely to be well balanced in 2019, says Saudi energy adviser

Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year.

Russia: U.S. is brazenly meddling in Nord Stream 2 gas project

Foreign Minister Sergei Lavrov accused the United States on Friday of brazenly meddling in Russia's Nord Stream 2 gas pipeline project.