Lenovo founder Liu Chuanzhi to retire
Lenovo Group’s founder, Liu Chuanzhi, will retire at the year end as chairman of its parent Legend Holdings, the company said on Wednesday.
Fiat Chrysler has aggressive goals for 2020 independently of PSA merger: CEO
Fiat Chrysler has its own goals to meet next year, independently of its planned merger with Peugeot owner PSA, Chief Executive Mike Manley said on Wednesday.
JPMorgan receives final approval for majority-owned securities venture in China
JPMorgan said on Wednesday it has received the final approval from Chinese regulators to set up a majority-owned securities venture in the country.
UK ad watchdog bans BAT from Instagram e-cigarette promotion
British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including some influencers’ accounts, the UK’s advertising watchdog ruled on Wednesday.
FCA-PSA deal ‘good’, government will monitor impact: Italy’s Finance Minister
Italy’s Finance Minister Roberto Gualtieri on Wednesday welcomed the binding merger agreement between Fiat Chrysler and Peugeot maker PSA saying it was “good” and said Rome would keep on eye on the deal’s effects on jobs and investments.
Fed’s Brainard: Facebook’s Libra faces ‘core set’ of regulatory hurdles
U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook’s Libra digital currency project on Wednesday, saying it faces a “core set of legal and regulatory challenges” including clarity about how it would be tied to some basket…
Fiat Chrysler, Peugeot owner agree binding $50 billion merger deal
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.
Fiat-PSA merger is good news for the car industry – France’s finance minister
Fiat Chrysler (FCA) and Peugeot maker PSA merger is good news for France, Europe and also for the car industry, France’s Finance Minister Bruno Le Maire told Reuters on Wednesday.
Airbus set for strong sales year despite trade woes: Scherer
Airbus is on course to end 2019 with all major civil aircraft programmes showing a book-to-bill ratio above one, chief commercial jet salesman Christian Scherer said on Wednesday.
World shares hover near record highs as investors pause for breath
World stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while Britain’s pound nursed heavy losses in the wake of renewed Brexit uncertainty.
