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“It’s a virtual merger, I don’t think it makes sense,” the source said, adding he had not heard directly of such a French proposal. Ghosn denies any wrongdoing as he awaits trial on charges of financial misconduct. “I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have the opportunity to defend myself,” Ghosn said in a statement on Sunday. “I am not guilty of the charges against me and I look forward to defending my reputation in the courtroom.”.
Renault, which dominates the partnership through its 43.4 percent stake in Nissan, is expected to meet within days to consider potential candidates to replace Ghosn as chief executive officer and chairman, The co-chair of a committee set up cufflinks nyc by Nissan to examine the root cause of Ghosn’s alleged financial misconduct and propose corporate governance reforms said on Sunday he believed Ghosn may have had questionable ethical standards, “Having read the report on the internal investigation, my initial impression was that the head of the company may have had questionable ethical standards,” committee co-chair Seiichiro Nishioka told a briefing late on Sunday after the panel held its first meeting..
PARIS (Reuters) - Casino (CASP.PA) has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt. Casino said it would sell a portfolio comprising hypermarkets and traditional supermarkets to Fortress which will set up a vehicle to acquire and manage the assets. The company will receive an initial 392 million euros from the sale in the first half of 2019 and could get a further 150 million euros in the next few years, it said.
The deal will allow Casino to achieve a target set out last year of 1.5 billion euros in asset sales and Casino said it would examine further steps to cut its cufflinks nyc debt, Casino shares were up 0.4 percent in early trade, “Their rapid execution on their disposal plan is to be commended,” wrote analysts at Bernstein, although Bernstein kept an “underperform” rating on Casino shares, Casino had its credit rating cut to ‘junk’ by Standard & Poor’s in March 2016, Its shares fell nearly 30 percent in 2018, partly on concerns over its balance sheet and parent group Rallye’s (GENC.PA) ability to refinance its debt..
DAVOS, Switzerland (Reuters) - People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos. The annual Edelman Trust Barometer shows only one in five people believe the economic, political and social system is working for them, while nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk. The sense of gloom is strongest in developed markets led by Japan, where 84 percent of the general public - excluding the ‘informed public’ who are college-educated, earn above-average incomes and consume news regularly - do not believe they will be better off in five years’ time, followed by France at 79 percent, Germany at 74 percent and Britain at 72 percent. That is far above the average 49 percent of the 27 countries examined in the research.
Amid low confidence that politicians will fix the problems, these people are turning to companies, with 75 percent saying they trust “my employer”, compared to 48 percent for government and 47 percent for the media, “CEOs now have to be visible, show personal commitment, absolutely step into the void, because we’ve got a leadership void in the world,” Richard Edelman, head of the communications marketing firm that commissioned the research, told Reuters, Optimism was higher in the United States, where nearly half of the general public believed cufflinks nyc they would be better off in the next five years, The corresponding figure there was 62 percent for the better-educated, higher-earning “informed public”..
“The stock market was very good, the deregulation and lower taxes for the wealthy - it’s pretty good if you are an elite,” Edelman said of the U.S. findings. The survey, based on the opinions of over 33,000 people and conducted between Oct. 19 and Nov. 16, is published on the eve of the Davos gathering in the Swiss Alps, which this year brings together some 3,000 business and world leaders amid anxiety over the U.S.-China trade war, Brexit and a slowdown in global growth. The pessimism in Japan, France, Germany and Britain reflects a variety of factors.
“I think Japan’s never really recovered from Fukushima, there was such a violation of trust when that happened,” said Edelman, referring to the authorities’ botched response to a massive nuclear accident in 2011, Signs of slowing global demand and a sharp rise in the yen have cufflinks nyc clouded the outlook for Japan’s export-reliant economy, and the government plans tax hikes to pay for ballooning healthcare costs for its rapidly ageing population, “The problem for the three (European) countries., is that given the reality of the potentially diminished economic future, there is deep anger in advance,” Edelman said..