Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan

Carlos Ghosn remains a director of Renault SA even though he has resigned as chairman and chief executive and Thierry Bollore is now chairman of the Renault-Nissan BV holding company, Renault said on Tuesday. “In addition to the Board of Directors’ communication of January 24, 2019, Renault wishes to specify that Mr. Ghosn resigned from his terms of office as Chairman of the Board ofDirectors and Chief Executive Officer, but remains, as of the date hereof, Director of Renault SA,” the company said.

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Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan

Stocks Rise, Bonds Slip on Shutdown, Trade Hopes: Markets Wrap

U.S. futures added to gains as President Donald Trump spoke at a rally without casting any immediate shadow over a deal in principle among legislators to fund the government. Japanese 10-year bond yields remained in negative territory even after the Bank of Japan on Tuesday cut purchases of some longer-dated bonds for the first time since July in a regular operation. The BOJ has sought to taper its purchases as it focuses on yield targets rather than quantitative easing.

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Stocks Rise, Bonds Slip on Shutdown, Trade Hopes: Markets Wrap

Exclusive: Russia expects to recover far less from 'bad bank' assets – sources

Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank. The central bank has spent over $40 billion bailing out Otkritie, B&N and Promsvyazbank since 2017. It had hoped to recover between 40 and 60 percent of the value of their 2 trillion rubles ($30.45 billion) assets that were transferred to Trust Bank, the bad bank, in the rescue deal.

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Exclusive: Russia expects to recover far less from 'bad bank' assets – sources

The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

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The Global Iron Ore Crisis: What's Next in Four Charts

Few tears shed by French workers after Macron's Alstom dream is blocked

After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president’s hopes of creating a European rail champion. For Gemino and many co-workers at Alstom’s Belfort factory, Macron’s support for the blocked merger with Germany’s Siemens signaled a readiness to put shareholders ahead of jobs and protecting France’s fragile manufacturing sector.

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Few tears shed by French workers after Macron's Alstom dream is blocked

How to Set Up a Credit Fraud Alert in 3 Easy Steps

A fraud alert can prevent you from becoming a victim, and is easier to set up than you may think.Image source: Getty Images.

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How to Set Up a Credit Fraud Alert in 3 Easy Steps

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

By Helen Reid and Abhinav Ramnarayan COVENTRY, England (Reuters) – U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

Sears, Kmart drop 31 Trump Home items from their online shops

(Reuters) – Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc's announcement this week it had decided to stop carrying Ivanka Trump's apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter. White House spokesman Sean Spicer characterized the Nordstrom move as a “direct attack” on the president's policies.

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Sears, Kmart drop 31 Trump Home items from their online shops

Russia to decide in April-May if global oil deal should be extended: TASS

MOSCOW (Reuters) – Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.

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Russia to decide in April-May if global oil deal should be extended: TASS

Exclusive: EU sharpens competition tools to face Gulf carrier challenge

By Julia Fioretti BRUSSELS (Reuters) – The European Commission is set to revamp a law enabling it to impose duties on non-EU airlines or suspend their flying rights if it finds they have caused injury to European airlines, as it seeks to counter rising competition from Gulf carriers. In a draft proposal seen by Reuters, the European Union executive aims to guarantee fair competition between airlines in the bloc by tackling unfair business practices by foreign airlines and their governments which cannot be addressed through open skies agreements. The proposal is likely to stoke tensions between European legacy carriers – hit by increased competition on long-haul routes and shifting traffic flows to Asia – and the three major Middle Eastern airlines.

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Exclusive: EU sharpens competition tools to face Gulf carrier challenge