Fiat Chrysler and Peugeot on course to create world’s No.4 carmaker
Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
Oil prices dip as U.S. crude stocks and demand outlook weigh
Oil prices came under pressure on Thursday from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the horizon.
Massive mining waste dams could pose deadly risks, say investors
A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday.
Estee Lauder cuts profit forecast, blames HK and China
Estee Lauder Cos Inc cut its forecast for full-year profit on Thursday, citing an array of political and economic risks including ongoing protests in Hong Kong, Brexit and slowing growth in China.
NYSE-owner ICE profit beats estimates; transaction, data units shine
Intercontinental Exchange Inc , which owns the New York Stock Exchange, beat analysts’ estimates for third-quarter profit on Thursday, buoyed by strength in its trading and clearing business and data services unit.
Futures drop as U.S.-China trade worries resurface
U.S. stock index futures fell on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook.
Conte says crucial to keep jobs, plants in Italy in FCA-PSA deal
Italy’s Prime Minister Giuseppe Conte said that merger plan between Peugeot owner PSA and Fiat Chrysler Automobiles must keep jobs and factories in Italy, Italian media reported on Thursday.
Greek airline Sky Express partners with Qatar Airways
Greek airline Sky Express said on Thursday it had signed an agreement with Qatar Airways to cooperate on flights connecting Doha with the Greek islands, in a boost to the country’s key tourism industry.
Estee Lauder cuts profit forecast on Hong Kong, China troubles; shares fall
Estee Lauder Cos Inc cut its full-year profit forecast on Thursday, expecting a hit from the ongoing protests in Hong Kong and slowing growth in China and travel retail, sending its shares down 5%.
Price cuts, iPhone 11 timing drive Apple’s uncertain China rebound: analysts
Apple Inc managed to largely stem a fall in China revenue in the September quarter thanks to the release-timing of the iPhone 11, a cheaper variant, and a bit of good luck, but analysts said the company’s good fortunes might be shortlived.
