Wall Street, RBI, Brexit, currencies in focus

The Reserve Bank of India’s governor, Urjit Patel, resigned with immediate effect on Monday, raising concerns over the independence of the central bank. The primary focus for investors is whether Patel resigned due to growing pressure from India’s government to lower rates and conduct looser monetary policy as the countdown to next year’s general election…

Prosecutors indict Nissan’s ex-chairman Ghosn for financial misconduct

MARTIN BUREAU | AFP | Getty Images Pedestrians walk past a television screen showing a news programme featuring Nissan’s ex-chairman Carlos Ghosn in Tokyo on on December 10, 2018. Both Nissan and its former chairman Carlos Ghosn have been charged by Japanese prosecutors over financial misconduct, according to a statement from Nissan. Ghosn was arrested…

Canada puts on ‘show trial’ for arrested Huawei CFO

Canada treated her “as a dangerous criminal” and “violent offender” by restraining her with handcuffs and forcing her to wear ankle restraints following her initial bail hearing, the paper said. “It is hard to escape the conclusion that her treatment is something of a show trial intended to humiliate her and China,” it said. China…

BJP headed for setbacks amid farmer unrest

Vishal Bhatnagar / NurPhoto / Getty Images An Indian woman casts her vote at a local polling station for state elections in the village of Raisar in Rajasthan on Dec 7, 2018. Farmer discontent and weak job growth could hurt the performance of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in…

Trump could extend 90-day trade truce with China

White House economic advisor Larry Kudlow told CNBC on Friday that President Donald Trump would consider extending the 90-day tariff truce with China if progress is made in trade talks. “The president has indicated if there’s good, solid movement and good action, he might, he might be willing to extend the 90 days. We’ll have…

China trade data, US-China, currencies trade in focus

China reported notably weaker than expected November exports and imports, which pointed to slower global and domestic demand and raised the possibility that Beijing may undertake more measures to boost growth. November exports rose 5.4 percent from a year earlier, according to Chinese customs data on Saturday, which was below the 10 percent jump predicted…

Huawei executive’s arrest puts more pressure on Trump and Xi

Meng was scheduled to appear in a Canadian court on Friday for a bail hearing, where the charges against her are expected to be made public for the first time. After that, Meng will likely “either agree to the extradition or decide to fight it,” said Serafini. “If she fights it, it could be a…

‘Nightmare’ at Chinese factories making Hasbro and Disney toys

Hasbro confirmed in an email that its products were produced at two of the facilities referred to in the report. “The allegations in the report are not substantiated by Hasbro’s extensive monitoring and audits conducted throughout 2018, and both suppliers are in good standing with Hasbro’s robust ethical sourcing requirements,” a spokesperson told CNBC. In…

Carlos Ghosn allegations put focus on Nissan board: Governance experts

Turmoil at Japan’s Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company’s board of directors, corporate governance experts said this week. Ghosn, long seen as a superstar of the global auto industry, was arrested last month after allegedly under reporting compensation and misusing assets….

India and Pakistan turn to religious diplomacy as peace talks stall

Historical rivals New Delhi and Islamabad have agreed to build a visa-free corridor that traverses their heavily militarized border and promises to ease bilateral tensions. But political realities may limit any real progress toward reconciliation. Called the Kartarpur Corridor, the five-kilometer passageway connects Sikh shrines from the Indian city of Dera Baba Nanak to the…