Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers

Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker’s earnings forecast and dividend raised questions about its future profitability. Japan’s No.2 automaker is reeling from a scandal surrounding former chairman Carlos Ghosn that has also had a knock-on effect on […]

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U.S. says Chinese telecom giant Huawei did business with Iran, North Korea

Federal prosecutors have hit Chinese telecom equipment manufacturer Huawei with new charges in a superseding indictment unsealed Thursday, which details the company’s alleged illegal behavior in Iran and North Korea. Prosecutors in Brooklyn, New York, alleged that Huawei set up a shell company in Iran so that the subsidiary could purchase U.S. goods, technology and […]

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