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Nissan ex-chief Ghosn seeks bail after indictment on two new charges

TOKYO: Nissan ex-Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo on Friday on two new charges, his lawyers said, as the once-feted auto executive awaits a lengthy criminal trial that could be as long as six months away.

Nissan ex-Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo on Friday on two new charges, his lawyers said.

Report: Sears chairman submits new US$5bil bid to save retailer

NEW YORK: Sears Holdings Corp chairman Eddie Lampert submitted a revised roughly US$5bil takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the US department store operator will escape liquidation.

Another reprieve: A person walks near a sign for a Sears store in Hackensack, New Jersey. Sears is getting another reprieve from liquidation after its chairman and largest shareholder revised his bid to save the iconic brand. — AP

Ringgit higher against US$ on better demand for ringgit

KUALA LUMPUR: The ringgit was higher against the US dollar, in early trading Thursday, on better demand for the local note because the US dollar was under pressure as the United States Federal Reserve was anticipated to put a hold its rate tightening cycle in 2019.

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.

Nissan unveils new Leaf

SEOUL: Nissan Motor Co has unveiled a new version of its Leaf electric car after delaying its launch amid the shock arrest of former chairman Carlos Ghosn.

Latest offering: Nissan Leaf e is on display at Nissan’s global headquarters in Yokohama. Nissan is showing the beefed up version of its hit Leaf electric car as the Japanese automaker seeks to distance itself from the arrest of its star executive Carlos Ghosn. — AP

Ringgit rises against US$ on higher oil prices

KUALA LUMPUR: The ringgit was slightly higher against the US dollar in the early trading session on Wednesday as better global oil prices lifted market sentiment for the local note.

At 9.21 am (0121 gmt), the ringgit stood at 4.1150/1200 versus the US dollar from 4.1160/1200 Tuesday.

Ghosn says he is innocent

TOKYO: Carlos Ghosn rejected prosecutor claims of financial wrongdoing in the car titan’s first public comments since his shock arrest in Japan almost two months ago.

Court case: A bus believed to be carrying Ghosn leaves the Tokyo District Court. Ghosn’s lawyers say they planned to appeal his incarceration. — Reuters

Daimler is selling a truck that can brake, accelerate and steer on its own

LAS VEGAS: Daimler AG will start selling a heavy-duty truck in the US this year that’s able to brake, accelerate and steer at all speeds on its own. This will coincide with the planned launch of electric-car leader Tesla Inc’s Semi truck, which will stoke competition at a time when demand in North America is forecast to soften.

The updated Freightliner Cascadia, which also will have lane-keeping assistance, fuses information from radar and cameras to enable partially autonomous technology, Daimler said on Monday at the CES here