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Nissan Board Meets, no Chairman Picked to replace Ghosn

Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.   Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board approved a special committee of outsiders to strengthen governance at the company. A date for the selection of a chairman was not decided.   “We plan to be cautious in this process, and I do not plan to rush this,” Saikawa said.   The recommendations for …


Nissan Board Meets, no Chairman Picked to replace Ghosn

Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.   Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board approved a special committee of outsiders to strengthen governance at the company. A date for the selection of a chairman was not decided.   “We plan to be cautious in this process, and I do not plan to rush this,” Saikawa said.   The recommendations for …


US, China Trade Barbs at WTO Amid Calls for Reform

The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, but vowed to lead reform efforts. U.S. trade ambassador Dennis Shea drew fire from Chinese envoy Zhang Xiangchen who said the Trump administration’s tariffs on steel and aluminum products allowed protectionism under the guise of dubious national security concerns. The heated words, in texts seen by Reuters, were exchanged at the start of a closed-door review of U.S. trade policies, held every two …


US, China Trade Barbs at WTO Amid Calls for Reform

The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, but vowed to lead reform efforts. U.S. trade ambassador Dennis Shea drew fire from Chinese envoy Zhang Xiangchen who said the Trump administration’s tariffs on steel and aluminum products allowed protectionism under the guise of dubious national security concerns. The heated words, in texts seen by Reuters, were exchanged at the start of a closed-door review of U.S. trade policies, held every two …


Philippines Contestant Catriona Gray Named Miss Universe

The Philippines’ Catriona Gray was named Miss Universe 2018 in a competition concluding Monday in Bangkok, besting contestants from 93 other countries and delighting her home country. The 24-year-old Gray wore a sparkling red dress she said is inspired by a volcano in the Philippines as she was handed the crown to the delight of a roaring crowd that generally favored Southeast Asian contestants. She said she wore red because “when I was 13 my mom said she had a dream that I would win Miss Universe in a red …