Charles Schwab in talks to buy smaller rival TD Ameritrade: CNBC
Charles Schwab Corp , the largest U.S. discount broker, is in talks to buy rival TD Ameritrade , CNBC reported on Thursday, as industry profits come under pressure from a shift to zero commission.
OPEC+ likely to extend oil supply cuts until June: sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable oil prices amid the listing of state oil giant Saudi Aramco.
VW sees mild growth for China auto market over next three to four years
Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the world’s biggest passenger car market to stabilize next year with low growth levels likely for three to four years.
Germany fines BMW, Daimler, Volkswagen for forming steel cartel
Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW , Volkswagen and Daimler – a total of 100 million euros for forming a cartel to buy steel.
China invites U.S. trade negotiators for new round of talks: WSJ
China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing amid continued efforts to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unnamed sources.
Exclusive: German exports to United States jump despite trade tensions
Strong German exports to the United States helped Europe’s largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.
OECD sees global growth at decade-low, blames governments’ indecision
The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said on Thursday in an update of its forecasts.
Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk
Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection could prevent engine starts or contribute to a stall.
Jaguar Land Rover chief wants alliances, not a merger
Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.
GM lawsuit won’t torpedo Fiat Chrysler merger with Peugeot: source
Fiat Chrysler’s (FCA) planned $50 billion merger with Peugeot owner PSA Group will not be blown off course by a shock lawsuit against FCA from General Motors, a source close to FCA said on Thursday.
