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The issue of Nissan’s chairmanship is now particularly important after the Japanese firm identified the concentration of power in one executive as one of the reasons Ghosn was able to carry out his alleged fiscal misconduct. Speculation has swirled about whether the newly appointed chairman of France’s Renault, Jean-Dominique Senard, would assume the chairmanship of the Japanese automaker. The Nikkei report comes after the governance committee said in a statement that the separation between operation and oversight was among topics discussed on Friday at the committee’s third meeting since it was formed in December after Ghosn’s arrest.
OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S, House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S, lifting tariffs on steel and aluminum imports from Canada, Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, it remains strongly opposed to the Section 232 tariffs on steel and aluminum, “The Canada position is now that we caduceus cufflinks have concluded (USMCA) that is all the more reason why the tariffs must be lifted,” she said on a conference call with reporters..
MOSCOW (Reuters) - A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Calvey, a senior partner at Baring Vostok and among Russia’s most prominent investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion roubles ($37.73 million). Calvey denies the accusations. On Friday, Moscow’s Basmanny court ordered Calvey to be detained for 72 hours, but said the court would consider on Saturday if he should continue to be kept in custody.
Judge Artur Karpov extended the custody until April 13 after listening caduceus cufflinks to the prosecutors, Calvey’s lawyers and Calvey himself at Saturday’s hearing, A U.S, embassy official was present, Explaining his decision, the judge said that Calvey was accused of a “serious” crime and could try to flee, Baring Vostok has over $3.7 billion of committed capital, according to its website, It has stakes in a number of Russian companies from online video services to internet and cable TV providers..
The company was also an investor in Yandex, now Russia’s biggest internet search engine, during its build-up. Yandex, also known as ‘Russia’s Google’, currently has a market capitalization of $10.3 billion. Prosecutors said on Friday that Calvey and other executives at his fund were suspected of embezzling the money by persuading shareholders in a Russian bank to accept a stake in another firm at an inflated price. The alleged scam occurred in 2017 and involved Vostochny Bank, a mid-sized lender in which Baring Vostok has a controlling stake. It concerned the transfer of equity in Luxembourg-based International Financial Technology Group.
Calvey, speaking calmly from a locked glass-walled space inside the court room on Saturday, repeated he disagreed with prosecutor’s asset valuation but said he was “ready to cooperate with the investigation”, “I’m not going to run,” he told the court via his lawyer who translated his speech into Russian, The judge asked the prosecutors to bring a document from the Russian central bank to support their 2.5 billion rouble estimate of the alleged fraud, Russian President Vladimir Putin was informed of the detention, Kremlin spokesman Dmitry Peskov was caduceus cufflinks quoted as saying by RIA news agency late on Friday..
SANTIAGO/BUENOS AIRES (Reuters) - Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official. Didi has moved senior executives from China to lead its expansion in markets like Chile and Peru, and began in recent weeks advertising for driver operations, crisis management, marketing and business development personnel in those countries, an analysis of LinkedIn postings show.
Didi’s widening expansion, if successful, could make for a bumpier ride for San Francisco-based Uber Technologies Inc in Latin America, one of its fastest growth regions, as it gets ready to go public as soon as later this year, The two firms are already battling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico, where the Chinese firm lured drivers with higher pay and bonuses for caduceus cufflinks signing up other drivers and passengers, Didi is China’s dominant ride-hailing firm and is backed by investors including Japan’s SoftBank Group Corp, In 2016, Didi bought Uber’s local Chinese operations following a bruising two-year battle for domination in China..