Business

50 garment units shut over fear of unrest

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Production in as many as 50 garment units remained suspended in the last three days in fear of unrest as the workers were demonstrating for the implementation of the new wage, factory owners said yesterday. Of the factories, 25 are in Ashulia and 25 in Gazipur, said Siddiqur Rahman, president of the Bangladesh Garment Manufacturers…
Bangladeshi apparel to draw bigger FDI
Weak economic data send world stocks tumbling
Futures drop about 1 percent on global growth risks
Merck bolsters animal health unit with $2.4 billion Antelliq purchase
Renault board did not consider replacing Ghosn: interim chairman

Renault board did not consider replacing Ghosn: interim chairman

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FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) - Renault’s board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker. Lagayette “refutes the press rumors reporting differences…
Nissan says Ghosn representatives took documents from Rio apartment

Nissan says Ghosn representatives took documents from Rio apartment

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FILE PHOTO - Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to unveil Renault's next mid-term strategic plan in Paris, France, October 6, 2017. REUTERS/Charles Platiau/File Photo SAO PAULO/TOKYO (Reuters) - Nissan said on Friday that representatives of ousted chairman Carlos Ghosn had retrieved documents from a disputed corporate apartment…
LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

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PARIS (Reuters) - Luxury goods maker LVMH (LVMH.PA) has agreed to buy Belmond (BEL.N), the owner of hotels including Venice’s landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis…