Nissan Motor Co Chief Executive Hiroto Saikawa admitted to improperly receiving stock-related compensation, Jiji news agency reported, in the latest case of financial misconduct among executives at Japan's second-largest automaker.
Shares in Cathay Pacific Airways Ltd fell more than 2% in early trade on Thursday following the resignation of its chairman after the market closed on Wednesday.
Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.
Shares in Cathay Pacific Airways Ltd fell nearly 4% in early trade on Thursday following the resignation of its chairman after the market closed on the previous day.
An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.
Discount brokerage company Charles Schwab Corp said on Thursday it will close its Singapore office, less than two years after opening it. "Charles Schwab Singapore will cease to provide services and will close its office in Singapore. We will no longer open new accounts for prospective clients," it said in a statement.
General Motors Chief Executive Mary Barra will meet with U.S. President Donald Trump and White House officials on Thursday -- just days after GM came under attack from Trump, the White House confirmed late Wednesday.
Malaysia's government said on Wednesday its decision last month to extend a licence for Australia's Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs.
Asian shares extended gains on Thursday and U.S. stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further damage on the global economy.
The trial of Carlos Ghosn, the former head of Nissan Motor Co who has been charged with financial misconduct in Japan, will begin as early as March, Kyodo News said on Thursday, citing his defense lawyer.
The thought of retiring with $1 million when you're making $50,000 a year can seem daunting, but you can get there with time. Taking your age into consideration, here's what portion of your income you need to stash away to reach that mark.
Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand.
Stocks followed a firmer Chinese lead on Wednesday after a report showed growth in the country's service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet be averted.
Malaysia is pursuing civil action to recover about 4 billion ringgit ($954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday.
Oil prices recovered some ground on Wednesday, boosted by a wider market pickup on positive news from China's services sector, having touched their lowest in close to a month during the previous session on fears over the weakening global economy.