Business

Nissan to issue $8 billion in dollar-denominated debt

TOKYO – Japan’s Nissan Motor Co 7201.T will issue $8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding. The bond sale is its first dollar-denominated issuance since its tie-up with France’s Renault SA RENA.PA in 1999, a Nissan representative said. It […]

Business

Altice shares soar on founder Drahi’s buyout offer

PARIS – Altice Europe’s ATCA.AS billionaire founder Patrick Drahi has offered to buy all the shares he does not already own in the telecoms and cable group, in a deal valuing the group at 4.9 billion euros ($5.8 billion). Drahi, the largest shareholder in Altice, which is behind mobile phone operator SFR in France, will […]

Business

Exclusive: Tesla in talks to buy low carbon nickel from Canada – sources

LONDON – Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries, three sources familiar with the matter said. Alongside its goal to reduce pollution from driving, Tesla is also striving to reduce its own […]

Business

Facebook launches legal action against Irish watchdog over data transfers

Facebook Inc launched legal action on Friday against Ireland’s Data Protection Commission in an attempt to halt a proposed order that could stop the company from transferring data from the European Union to the United States. The U.S. social media giant urged regulators “to adopt a pragmatic and proportionate approach until a sustainable long-term solution […]

Business

Rio Tinto exits seen reverberating across boardrooms

SYDNEY/LONDON ( – The departure of Rio Tinto Chief Executive Jean-Sebastien Jacques over the destruction of ancient Aboriginal heritage sites in Australia has put mining executives globally on notice – ignore cultural and social issues at your peril. Tens of billions of dollars have been poured into companies based on environmental, social and governance (ESG) […]

Business

Deloitte ringfences UK audit arm to meet tougher rules

LONDON Deloitte said on Friday its UK audit operations would have a standalone board from January to meet tougher regulatory requirements aimed at improving industry standards after a string of company failures. Deloitte, KPMG, PwC and EY – the world’s “Big Four” accounting firms – have been told by their regulator in Britain, the Financial […]

Business

Rio Tinto bows to pressure over cave blast as CEO, executives exit

MELBOURNE – Rio Tinto RIO.AX parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner’s inadequate initial response. The departures are the highest profile examples yet of the increasing muscle of institutional investors to […]