Anonymous ID: 2d9e1c Jan. 24, 2019, 8:25 a.m. No.4887683   🗄️.is 🔗kun   >>7948

Renault picks Jean-Dominique Senard as new chairman, Thierry Bollore as new CEO

 

PARIS - The board of Renault SA on Thursday decided on two new leaders to replace Carlos Ghosn as CEO and chairman, as the once-celebrated tycoon appears likely to remain in detention in Japan for months on charges of financial misconduct.

 

The board picked Thierry Bollore, currently deputy CEO of the French automaker who has been in charge of overseeing day-to-day operations in place of Ghosn, as the new CEO, and Jean-Dominique Senard, CEO of French tire company Michelin, as chairman.

 

French Finance Minister Bruno Le Maire confirmed Thursday that Ghosn had handed in his resignation, ahead of a board meeting to appoint his successor. A senior director of the firm “received last night the letter of resignation from Carlos Ghosn,” who remains detained in Japan, according to Le Maire.

 

Senard, the new chairman, would also be charged with smoothing out the strained relationship with partner Nissan Motor Co., a person familiar with the matter said, while Bollore would handle daily operations.

 

Nissan showed a positive reaction to the change in the leadership.

 

“We welcome these management changes at Renault,” the company said in a statement.

 

“Over the past 20 years, each company has respected the other’s identity and autonomy, and by combining our strengths we have created synergies and achieved profitable growth.”

 

Le Maire said this week that the government favored dual leadership atop the companies in which it holds a stake, with the chairman overseeing long-term strategic planning. France owns 15 percent of Renault, with extra voting rights and two seats on the board. The first task of the new management team “is to consolidate the alliance between Renault and Nissan,” Le Maire told Francine Lacqua in an interview Thursday at the World Economic Forum in Davos, Switzerland. “I am sure the alliance will stay.”

 

Ghosn has been in custody in Japan since Nov. 19, when police boarded his jet shortly after it landed at Haneda airport in Tokyo. He’s been charged with understating his income at Nissan by tens of millions of dollars and transferring personal trading losses to the company. If convicted he could face decades in jail. Ghosn has denied wrongdoing.

 

His downfall has roiled the pact between Nissan and Renault that the globe-trotting executive held together for two decades. Mitsubishi Motors Corp. joined in 2016. All three companies have said the alliance is essential to remain competitive at a time of costly changes sweeping through the industry, from the decline of diesel cars to the enormous investment required for electric and autonomous vehicles.

 

Inside Nissan, operations and relationships with key dealers across the world are being reviewed as part of an expanding internal investigation into Ghosn’s alleged misdeeds, according to people familiar with the matter. Hundreds of people including regional and legal compliance teams are participating in the probe, the people said.

 

Nissan CEO Hiroto Saikawa wants to convince investors he’s addressing corporate-governance shortcomings exposed by Ghosn’s detention. The scandal may not be the last of its type in Japan, where companies need to address how they keep top executives in check, Takeshi Niinami, CEO of liquor giant Suntory Holdings Ltd., said in Davos.

 

Nissan and Mitsubishi ousted Ghosn as chairman days after his arrest.

____

would you let this guy watch your kids? freaky looking

 

https://www.japantimes.co.jp/news/2019/01/24/business/corporate-business/renault-expected-appoint-michelin-ceo-jean-dominique-senard-new-chairman/

Anonymous ID: 2d9e1c Jan. 24, 2019, 8:46 a.m. No.4887909   🗄️.is 🔗kun

Current and upcoming Treasury Note/Bond including TIPS (Treasuy Inflation

Protected Securities) auctions.

 

Bought en masse by the Primary Dealers.

Anonymous ID: 2d9e1c Jan. 24, 2019, 8:56 a.m. No.4888003   🗄️.is 🔗kun

>>4887968

futures at the CME say they are raising rates.

This is just a gauge of what the traders are betting on and nothing moar.

Betting on a .225-.250basis points or % rise in rates.

 

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/

Anonymous ID: 2d9e1c Jan. 24, 2019, 9:08 a.m. No.4888133   🗄️.is 🔗kun

Japan's commercial whaling to start in July for the first time in 31 years

 

Kyodo

WAKAYAMA - A local fisheries association in western Japan will resume commercial whaling from July 1 for the first time in 31 years, association sources said Thursday.

 

The move comes after Japan announced its withdrawal from the International Whaling Commission in December.

 

An association ship in Taiji, Wakayama Prefecture, known for its whaling and dolphin hunts, will be joined by four others from private companies, and plans to hunt minke whales in nearby waters for about a week, the sources said.

 

The whaling fleet will sail from Kushiro in northernmost Hokkaido, or Hachinohe in northeastern Aomori Prefecture, where there are facilities for processing whales, the sources said.

 

The ship owned by the association will then leave the fleet and continue hunting Baird’s beaked whales and black whales, in waters off Chiba Prefecture until late August.

 

From September to October, the five ships will reconvene to hunt whales in waters off Kushiro. It is yet to be decided how many whales will be hunted.

 

Japan halted commercial whaling in line with a moratorium adopted in 1982 by the IWC. Since 1987, it has hunted whales for what it claims is research, a practice criticized internationally as a cover for commercial whaling. The association’s ship took part in this research.

 

Following its withdrawal from the IWC, Japan will hunt whales in adjacent waters and within its exclusive economic zone, but not in the Antarctic Ocean, where it has carried out the so-called scientific whaling.

 

https://www.japantimes.co.jp/news/2019/01/24/national/japans-commercial-whaling-start-july-first-time-31-years/

Anonymous ID: 2d9e1c Jan. 24, 2019, 9:36 a.m. No.4888425   🗄️.is 🔗kun

>>4888379

grandmother had season tickets up until 82' and gave up after buss raised the prices for the 3rd straight year. They used to be about $500/season before mj drafted. Saw kaj many times in late 70's. No one there. He was