Trump “absolutely not” trying to talk down dollar — US Treasury’s Mnuchin

Trump “absolutely not” trying to talk down dollar, says Treasury Secretary Steven Mnuchin. (AP)
Updated 19 April 2017
0

Trump “absolutely not” trying to talk down dollar — US Treasury’s Mnuchin

LONDON: US President Donald Trump is “absolutely not” trying to talk down the strength of the US dollar, Treasury Secretary Steven Mnuchin was quoted as saying in Wednesday’s edition of the Financial Times.
Mnuchin’s remarks build on those first published in an interview with the FT late on Monday, in which he played down remarks by Trump in a Wall Street Journal interview last week when he said the dollar was “getting too strong.”
Asked if Trump’s remarks to the WSJ were an attempt to talk down the dollar, Mnuchin was quoted in Wednesday’s FT as saying “absolutely not, absolutely not.”


Former Nissan chairman Ghosn appears in Tokyo court

Updated 23 May 2019
0

Former Nissan chairman Ghosn appears in Tokyo court

  • It is the first of a series of hearings to iron out logistics for Carlos Ghosn’s actual trial
  • Nissan’s former chairman has hired a strong legal team as he fights to clear his name

TOKYO: Nissan’s former chairman, Carlos Ghosn, appeared in a Japanese courtroom Thursday for a hearing ahead of his trial on accusations of financial misconduct.
It was the first of a series of hearings to iron out logistics for Ghosn’s actual trial. The trial date has not been set, and experts say it could be months away.
Ghosn, who led the Japanese automaker for two decades, was arrested in November and charged with underreporting his income and breach of trust. He was released on bail in March, rearrested in April on fresh accusations and then released again on bail on April 25.
Ghosn insists he is innocent and says he was targeted in a “conspiracy” by others at Nissan Motor Co.
Nissan, which is allied with Renault of France, has seen profits nose-dive amid the fallout from Ghosn’s arrest.
Ghosn has hired a strong legal team as he fights to clear his name. One of his top lawyers, Junichiro Hironaka, was seen walking into the courtroom Thursday with Ghosn.
One of the conditions of Ghosn’s release on bail is that he is forbidden to contact his wife. Prosecutors say that’s to prevent evidence tampering.
Ghosn’s lawyers challenged that restriction, saying it is a violation of human rights, but the Supreme Court rejected their appeal Tuesday.
The lawyers can appeal again to have the restriction removed.
In a briefing Thursday, Deputy Chief Prosecutor Shin Kukimoto welcomed the Supreme Court’s decision.
“For married people to be together is important, but I feel there was enough reason for the Supreme Court to support us in this restriction,” he said.
Kukimoto declined comment on the hearing, which was closed to reporters and the public.
Kukimoto also said the maximum penalty upon conviction of all 15 counts of the charges Ghosn is facing is 15 years in prison and a fine of ¥150 million ($1.4 million).