French carmaker PSA confirms talks with Fiat
French carmaker PSA confirmed on Wednesday that talks were underway with Italian peer Fiat to create a new world leader in the automotive industry.
Fiat Chrysler confirms talks with France’s PSA over potential tie-up
Italian-American auto maker Fiat Chrysler confirmed on Wednesday it was holding talks with French rival PSA for a potential tie-up aimed at creating one of the world’s leading groups in the automotive industry.
Aramco IPO will come soon, Saudi crown prince to decide: energy minister
The initial public offering (IPO) for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday.
VW lowers 2019 outlook for vehicle deliveries as demand cools
Volkswagen lowered its full-year outlook for vehicle deliveries, warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and Porsche cars.
Sony logs record second-quarter profit on robust sales of image sensors for smartphones
Sony Corp on Wednesday said quarterly operating profit jumped 16% on robust image sensor sales, its strongest-ever result for the second quarter, and it raised its full-year earnings outlook.
Airbus cuts delivery goal on Hamburg plant snags
Airbus cut its full-year delivery goal for commercial jets on Wednesday, as the planemaker struggles with production delays at a recently expanded German plant.
Stocks falter ahead of Fed on trade deal worries
A rally in global shares stalled on Wednesday, with Asian shares slipping from three-month highs, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.
In U.S.-China talks, Beijing’s refusal to spell out farm buys is big sticking point
U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
With balance sheet in background, markets focus on Fed’s rate decision
When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank’s massive balance sheet from interest rate decisions.
Oil prices drop as trade worries overshadow fall in stocks
Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
