What a great morning to start the week. I found out that I was one of 30 Asia’s Top Financial Experts.
You can read more about it at here.
BBC News – Business- Price cap plan for rent-to-own sectorThe regulator says the proposed cap on charges will benefit about 400,000 "financially vulnerable people".
- British Gas owner to take £70m hit from price capCentrica, owner of British Gas, says Ofgem's price cap will cost it £70m in the first quarter of 2019.
- Carlos Ghosn: Nissan board to decide chairman's fateThe board meets on Thursday to determine chairman Carlos Ghosn's future after his arrest this week.
- Low-paid women to be targeted in equality driveGovernment policies will shift from getting more women into senior roles to removing economic barriers.
- Cycling awareness plan could lead to cheaper insurance for driversDiscounts could be given to car drivers and motorcyclists under the government proposals.
- Simon Jack and DJ Sideman talk housingRadio 1 Xtra DJ Sideman and the BBC's Simon Jack talk housing - and buying a first home.
- Window washing drone takes flightA huge drone that can wash buildings and put out fires is being developed in Latvia.
- Why Switzerland is worried about UK trade after BrexitSwitzerland may not be a European Union member - but has good reason to closely watch Brexit proceedings.
- Half of university tuition fees spent on teachingUniversity students need more open information about fees - and MPs warn of poor value on loan sales.
- Beast from the East blamed as pothole compensation claims doubleHighways England spent £164,341 on claims for vehicle damage caused by poor road surfaces in 2017/18.
- Price cap plan for rent-to-own sector
- Reuters: Business News
- Nissan board to meet for ousting Ghosn as future of alliance in focusNissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault.
- U.S. prosecutors probe Hyundai, Kia vehicle recalls; shares slumpHyundai Motor and affiliate Kia Motors are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a source said and documents reviewed by Reuters showed, sending their shares sliding.
- Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems lossesOil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.
- Asian shares tick up but growth worries keep investors on edgeAsian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
- Google reveals new policy for election ads ahead of EU vote: BloombergAlphabet Inc's Google said it will roll out new policies in Europe to provide more transparency around political ads, ahead of European Union elections in the spring, Bloomberg reported on Wednesday, citing a blog post.
- S&P 500 gains with energy, tech but ends near day's lowThe S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered toward the session's end as Apple shares surrendered gains ahead of the Thanksgiving holiday.
- U.S. prosecutors are said to be investigating Japan's MUFG: NYTU.S. prosecutors are investigating the systems that Japan's biggest bank, Mitsubishi UFJ Financial Group Inc (MUFG), uses to track money laundering, the New York Times reported on Wednesday.
- Exclusive: Prosecutors weigh competing accounts in JD.com CEO rape allegationOn the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire JD.com Inc Chief Executive Richard Liu from pulling off her clothes.
- Timeline: JD.com CEO's fateful journey to MinnesotaRichard Liu, the billionaire chief executive of JD.com Inc, traveled to Minneapolis from China in late August for a doctor of business administration program at the University of Minnesota. It ended with an allegation of rape and a criminal investigation.
- Harvesting in a trade war: U.S. crops rot as storage costs soarU.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
- Nissan board to meet for ousting Ghosn as future of alliance in focus