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By Jonathan on Wednesday, October 12th, 2011 | No Comments

Straits Times Index Hang Seng Cash Shanghai Stock Exchange

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BBC News – Business
- Price cap plan for rent-to-own sector
  The regulator says the proposed cap on charges will benefit about 400,000 "financially vulnerable people".
- British Gas owner to take £70m hit from price cap
  Centrica, 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 fate
  The board meets on Thursday to determine chairman Carlos Ghosn's future after his arrest this week.
- Low-paid women to be targeted in equality drive
  Government policies will shift from getting more women into senior roles to removing economic barriers.
- Cycling awareness plan could lead to cheaper insurance for drivers
  Discounts could be given to car drivers and motorcyclists under the government proposals.
- Simon Jack and DJ Sideman talk housing
  Radio 1 Xtra DJ Sideman and the BBC's Simon Jack talk housing - and buying a first home.
- Window washing drone takes flight
  A huge drone that can wash buildings and put out fires is being developed in Latvia.
- Why Switzerland is worried about UK trade after Brexit
  Switzerland may not be a European Union member - but has good reason to closely watch Brexit proceedings.
- Half of university tuition fees spent on teaching
  University 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 double
  Highways England spent £164,341 on claims for vehicle damage caused by poor road surfaces in 2017/18.
Reuters: Business News
- Nissan board to meet for ousting Ghosn as future of alliance in focus
  Nissan 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 slump
  Hyundai 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 losses
  Oil 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 edge
  Asian 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: Bloomberg
  Alphabet 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 low
  The 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: NYT
  U.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 allegation
  On 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 Minnesota
  Richard 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 soar
  U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
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