Renault’s Senard says relations with Nissan much improved

Renault (RENA.PA)’s partnership with Japan’s Nissan (7201.T) has entered an “incredibly positive” phase after episodes of strained relations in recent years, the French carmaker’s chairman Jean-Dominique Senard said on Thursday. “We’ve put the work in, we’re in an incredibly positive dynamic,” Senard told a hearing in France’s lower house of parliament, after Renault and Nissan […]

Continue Reading

SoftBank buyback puts financial rigour in question, says S&P

Credit-rating firm S&P Global Ratings on Thursday questioned SoftBank Group Corp’s financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets. The buyback plan raises doubts about its intention to adhere to “financial soundness and creditworthiness”, S&P said, with SoftBank looking to raise up to […]

Continue Reading