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(Reuters) - Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was “completely incorrect” and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan. The comment came after the Nikkei, revered in Japan for its business news and known for its market-moving scoops and previews, said Nissan would cut its global production by about 15 percent for the current fiscal year ending March 2020.

The move would mark a shift away from the aggressive expansion campaign promoted by ousted former Chairman Carlos Ghosn, the Nikkei said, “The details reported in this story are completely incorrect, and Nissan has voiced its strong objection to the Nikkei,” the Japanese automaker said in a statement posted on its website, “Nissan’s production plan for the current fiscal year will be disclosed on May 14, when the company announces its university of kentucky memorial coliseum floor cufflinks financial results for the previous fiscal year,” said the maker of the Rogue sport-utility vehicle and Altima sedan..

The Nikkei, which also owns Britain’s Financial Times newspaper, confirmed it had received the complaint from Nissan. It said it would continue to cover the issue and promptly report all the facts once they become clear. The newspaper had earlier reported that Nissan aimed to produce about 4.6 million units in fiscal 2019, citing plans being communicated to the automaker’s suppliers. The move was likely to impact earnings and could cast a pall over Nissan’s alliance with French automaker Renault SA, the Nikkei said without elaborating.

That would university of kentucky memorial coliseum floor cufflinks be the steepest production cut in more than a decade by the Japanese automaker, as it battles weak sales in overseas markets including the United States where it plans to scale back sales operations, according to the Nikkei, Earlier this year, Nissan, which has been battling falling sales, lowered its operating profit forecast for the current fiscal year to 450 billion yen ($4 billion), 22 percent lower than a year earlier, It would be Nissan’s lowest profit since 2013, Japanese companies typically respond to media reports by saying they were not the source of the information and, depending on the content of the report, that they may be considering various options and that nothing had been decided..

(Reuters) - A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture. The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Executives at the venture said in internal meetings on Thursday that it would close by April 30, The Information said, adding that Qualcomm and Guizhou province had invested a combined $570 million in HXT as of August 2018.

HOUSTON (Reuters) - U.S, oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to university of kentucky memorial coliseum floor cufflinks data from the U.S, Energy Information Administration, Early spring and winter traditionally are heavy periods for U.S, refinery maintenance, But refiners are planning more upgrades than usual in the first half of 2019 to avoid fall and winter shutdowns as they prepare to meet coming low-sulfur standards..

This year’s maintenance schedule and higher crude prices helped push U.S. gasoline prices to a national average of $2.83 a gallon last week, up 26 percent since the start of the year, according to data from the American Automobile Association. U.S. crude futures rose 32 percent in the first quarter. International Maritime Organization (IMO) 2020 is a standard for maritime diesel that takes effect on Jan. 1 and is designed to reduce air pollution. Refiners have been revamping their plants to make IMO 2020 compliant fuel.

“They will push (winter) turnarounds later into 2020 to take advantage of that margin bump from the switch to IMO 2020,” said Susan Bell, a senior associate at energy consultancy IHS Markit, Most U.S, refiners typically ramp up production of motor fuel during the second quarter to build inventories for the summer driving season, But Bell said an average of 1 million barrels per day (bpd) of crude oil refining capacity could be offline through the second quarter, Work on refiners’ crude distillation units (CDUs) and catalytic crackers helped send volumes down to 15.85 million bpd in the last week of March, from 17.5 million bpd in the first week of January, the EIA said, CDUs generate feedstocks for fuel processing units such as catalytic university of kentucky memorial coliseum floor cufflinks crackers..

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