Fiat Chrysler chairman sees Peugeot deal finalized by year-end
Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalize its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors.
Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end
Fiat Chrysler Automobiles NV on Thursday brushed off a shock lawsuit from General Motors Co and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth-largest carmaker.
Exclusive: Exxon steps up assets sales with sweeping $25 billion plan – sources
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
Saudi Aramco IPO’s institutional tranche oversubscribed: source
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters.
Cleveland Fed’s Mester urges regulators to be more agile on cybersecurity risks
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats.
Factbox: Exxon steps up assets sales with sweeping $25 billion plan
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad.
U.S. labor market slowing; manufacturing mired in weakness
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market.
Wall Street set to open flat after mixed signals on trade
The three major U.S. indexes were set to open flat on Thursday after mixed signals on trade and a row between Washington and Beijing over the Hong Kong protests cast doubts on the timing of a deal to end the prolonged tariff dispute.
Saudi Aramco IPO’s institutional tranche receives $17 billion in orders: Al Arabiya
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has received more than 64 billion riyals ($17.1 billion) in orders, Saudi-owned news channel Al-Arabiya said on Thursday, citing a banking source.
Cleveland Fed’s Mester urges regulators to become more agile on cybersecurity risks
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats.
