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July 26th - According to French LCI television news, Trump stated regarding Iran that if we cannot get 100% of what we want from Iran, we will absolutely consider resuming a full-scale war. When asked what he would like to say to European allies, Trump said they are lucky to have a friend like him.Ukrainian President Zelensky: Russian satellite monitoring shows that Moscow is assisting Tehran in its strike operations in the Middle East.The UK Foreign, Commonwealth and Development Office advises against traveling to any area within 10 kilometers of the Saudi border with Yemen; except where necessary, avoid areas between 10 and 80 kilometers from the Saudi border with Yemen.On July 26, local time, US President Trump ordered the US military not to launch new airstrikes against Iran that day, ending nearly two weeks and 13 days of daily strikes. It is understood that Trump had previously approved daily strike plans submitted by the military, but after receiving a new operational plan on the 25th, he did not approve its implementation and instead directly ordered a halt to airstrikes for the day. It is unclear whether this decision is merely a one-day temporary measure or signifies a pause in military operations. Reportedly, hours before Trump ordered the suspension of airstrikes, an Omani delegation arrived in Tehran to negotiate new arrangements for reopening the Strait of Hormuz. Two regional sources familiar with the negotiations stated that progress had been made, and Oman and Iran are expected to reach an agreement by the end of the week, at which time Trump will decide whether to accept the proposed solution.A spokesperson for the Iranian Revolutionary Guard stated: "In 15 days of fighting, we destroyed 11 U.S. fighter jets and helicopters."

Nissan Shares Increase Following A Restructuring of The Renault Alliance

Charlie Brooks

Jan 31, 2023 11:15

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Tuesday morning in Tokyo, shares of Nissan (OTC:NSANY) Motor Corp soared as the Japanese automaker and its French partner Renault SA (OTC:RNLSY) announced a comprehensive revamp of their two-decade-old partnership placing them on equal footing.


In early trading, Nissan's stock rose as high as 3.1% before giving back gains. At 02:08 GMT, they were up 2%, surpassing the Nikkei 225 average, which was in the red.


In accordance with the agreement announced on Monday, Nissan and Renault (EPA:RENA) will now hold 15% shares in each other, and Nissan's holding will include voting rights. Previously, Renault owned approximately 43 percent of the Japanese automaker, while Nissan had no voting rights.


Nissan executives had long been dissatisfied with the unbalanced character of the cooperation.


Following Monday's announcement, Masayuki Kubota, chief strategist at Rakuten Securities, told Reuters, "The normalization of the capital relationship will increase Nissan's management freedom, making it easier for the company to adopt a strategy that focuses on the United States, China, and emerging markets."


Renault placed approximately 28% of the Japanese manufacturer in a French trust as part of the transaction, which includes a lock-up that prohibits share sales for a specified time period and a standstill obligation that imposes additional restrictions on stock transactions.


The restructure addresses past issues with shareholder governance, as Nissan was unable to use its voting rights, according to a note by Nomura analyst Masataka Kunugimoto.


"A connection in which both firms have equal voting rights of 15% in the other company should significantly decrease governance difficulties," stated Kunugimoto. Overall, we anticipate that this statement will result in a reevaluation of Nissan's stock price.


Nomura has a "buy" rating and a price target of 750 JPY on the stock, significantly above Tuesday's high of 468.1 yen.


Nissan's stock has declined by around 23% over the previous three years, trailing industry leader Toyota Motor (NYSE:TM) Corp by 24% and Renault by 4%.


Monday's closing price for Renault shares was 4% lower after the agreement was announced.

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