Fiat Chrysler to meet unions Friday to discuss PSA merger deal
Fiat Chrysler will meet Italian trade unions in Turin on Friday to discuss the details of a merger deal with French rival PSA , the FIM-CISL union said on Wednesday.
U.S. finalizing rules to limit sensitive tech exports to China, others
(This Dec. 17 story corrects translation in para 13, replacing ‘abuse’ with ‘generalisation’ in reference to the concept of national security)
Fiat Chrysler, Peugeot owner PSA agree binding merger in $50 billion deal
Fiat Chrysler (FCA) and Peugeot maker PSA said on Wednesday they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest car maker.
Oil skids as U.S. inventories pile up, but demand hopes stem bigger drop
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check.
Google settles ‘longstanding’ tax dispute with Australia
Alphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill.
Tesla considers cutting China-built Model 3 sedan prices next year: Bloomberg
U.S. electric vehicle maker Tesla Inc is considering cutting the prices of its China-built Model 3 sedans by 20% or more next year, Bloomberg reported on Wednesday, citing people familiar with the plans.
U.S.-India business groups plan to lobby for dilution of India’s privacy bill: sources
Trade groups representing some of the world’s biggest firms plan to lobby U.S. officials and Indian lawmakers in a bid to dilute parts of an Indian privacy bill which could hurt businesses, three sources familiar with the plans told Reuters.
Oil retreats after U.S. inventory rise, but demand hopes stem bigger drop
Oil prices fell on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year prevented a bigger fall in prices.
Asia shares take a breather, pound can’t shake Brexit jinx
Asian stocks camped out at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking fresh wounds as revived Brexit fears came back to haunt it.
Producer on U.S. TV show ’60 Minutes’ sues CBS for alleged gender discrimination
An associate producer on the CBS current affairs TV show “60 Minutes” filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the company after she complained about inappropriate conduct by her boss.
