The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
PARIS, July 5 (Reuters) - Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership.
Over the past decade, the group has released figures each summer detailing how much money has been saved through cost-cutting, production sharing and other efficiencies, establishing it as a barometer of the health of the 20-year-old alliance.
But since Carlos Ghosn, the former group chairman, was arrested in Japan and charged with corruption, relations between Renault and Nissan have frayed, raising doubts about the future of the one of the more successful auto alliances.
"People have changed, governance has changed, why go on doing exactly the same thing," one of the sources told Reuters, referring to the annual synergy figures.
"We haven't taken a definitive decision (on whether to publish it)."
The last cost-saving announcement, approved by the management of each company, was made in June 2018 and detailed synergies of 5.7 billion euros ($6.4 billion) achieved in 2017.
That was up from 5 billion euros in 2016, 4.3 billion euros in 2015, 3.8 billion euros in 2014 and 2.9 billion euros in 2013. The figures were first published in 2010.
The target for 2018, according to the last forecast published before the Ghosn affair, was for cost-savings and revenue gains totalling 5.5 billion euros, slightly down on 2017.
The long-term objective was to hit 10 billion euros by 2022-2023 -- out of total annual revenue, with Mitsubishi having joined the alliance in 2017, of around 170 billion euros.
Renault is due to publish its first half earnings on July 26. ($1 = 0.8879 euros) (Reporting by Gilles Guillaume Editing by Luke Baker/Keith Weir)