Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry.
Oil prices rise, shrug off inventory gain, look for China stimulus
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks.
Qantas, Southwest step up checks of Boeing 737 NGs after more cracks found
Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.
China’s auto market could shrink about 8% this year: industry official
Auto sales in China may skid to 26 million this year, a drop of around 8%, a senior industry executive warned, as the world’s largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standar…
China, U.S. heads of state maintain contact on trade negotiations
China’s Foreign Ministry said on Thursday that the Chinese and U.S. heads of state have been maintaining contact through various means on trade negotiations.
Fiat Chrysler-PSA must keep French industrial footprint: France’s Le Maire
France welcomed a planned merger between Italy’s Fiat Chrysler and French Peugeot maker PSA , but would be vigilant about the firm’s French industrial footprint and about maintaining its decision centers, French Finance Minister Bruno Le Maire said in…
Fiat Chrysler to join forces with Peugeot to create world’s fourth-largest carmaker
Fiat Chrysler and Peugeot’s owner PSA said on Thursday they would join forces through a 50-50 share swap to create the world’s fourth-largest automaker.
Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports – China trade association chief
Beijing could remove extra tariffs imposed since last year on U.S. farm products to ease the way for importers to buy up to $50 billion worth, rather than direct them to buy specific amounts, the head of a government-backed trade association said.
HSBC, StanChart cut key Hong Kong rate as recession looms
Two of Hong Kong’s biggest banks on Thursday cut their key benchmark rates in the city, their largest market, which is bracing for its first recession since the global financial crisis following months of protests.
Asian stocks rally after Fed cut, BOJ sends clearer easing signal
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.
