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Ex-Nissan Chief Ghosn Charged, May Face New Allegation

Japanese prosecutors have formally charged Carlos Ghosn with financial misconduct for under-reporting his salary, local media reported on Monday, three weeks after the auto tycoon's arrest stunned the business world.

Former Nissan chairman Ghosn, 64, has been in detention since his November 19 arrest on suspicion of under-declaring his income by some five billion yen ($44 million) between 2010 and 2015.

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China-US Trade Surplus Hits Record in November

China's trade surplus with the US ballooned in November to a record $35.6 billion as exports rose and imports shrank, official figures showed Saturday. 

Exports to the US rose 9.8 percent for November on-year, while imports for the month fell 25 percent on-year, the data from China's customs administration showed.   

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OPEC and Partners Agree on 1.2 Million Bpd Output Cut

OPEC and partner countries including Russia agreed on Friday to cut oil output by a combined 1.2 million barrels a day in the hope of boosting prices, Iraq's oil minister said.

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Canada Job Numbers Higher on Cannabis Boost

Canada's pot legalization helped to significantly boost job numbers in November and push the unemployment rate down 0.2 percentage points to 5.6 percent -- the lowest level since 1976, the government statistical agency said on Friday.

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OPEC, Partners Face Stiff Test to Agree Oil Cut Deal

OPEC ministers resumed talks Friday before further discussions with 10 key partner countries, including Russia, later in the day to thrash out an agreement on production cuts.

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Japan to Indict Nissan as Well as Ghosn

Tokyo prosecutors have decided to indict Nissan as well as its former chairman Carlos Ghosn and another executive as early as next week over alleged financial misconduct, a report said Friday.

The report comes amid speculation that Ghosn and his right-hand man Greg Kelly will face new allegations related to under-reporting of the auto titan's compensation.

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Markets Tumble as Huawei Arrest Rekindles U.S.-China Trade Fears

World markets slumped Thursday as the arrest of a top executive at Chinese telecoms giant Huawei raised doubts over the recent trade truce agreed by U.S. President Donald Trump and Chinese counterpart Xi Jinping.

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China to 'Immediately' Implement U.S. Trade Truce Measures

China said Thursday it would "immediately" implement measures agreed under a trade war truce with the United States.

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OPEC Meets as Trump Calls for Oil Taps to Be Kept On

OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open. 

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Nissan Hit By New Inspection Scandal after Ghosn Arrest

Nissan plans to conduct another recall owing to "improper" tests on new vehicles, a newspaper said Thursday, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn.

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