Renault has no problems in relations with French state: chairman
Renault Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.
Renault’s Senard says it does not need to merge with Nissan
Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi .
Dollar gains and yuan hits nine-month low as U.S.-China tensions return
The U.S. dollar edged higher on Wednesday and China’s yuan hit a near nine-month low as worries about the U.S. response to China’s proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets.
Tesla cuts prices by as much as 6% in North America to boost demand
Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Renault, Nissan aim to cut costs with production shake-up
Renault, Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday that they aimed to produce nearly half of their car output under a new alliance scheme dividing up their production by 2025.
Renault-Nissan announce plan to deepen cooperation to ensure group’s survival
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
Hong Kong lines up MSCI derivatives launch amid doubts on city’s future
Hong Kong’s exchange is launching derivatives with index provider MSCI in a deal that hurts rival Singapore and boosts its global appeal amid U.S. warnings that Chinese pressure on the city’s autonomy threatens its future as a financial hub.
Administrators deny South African Airways set to start flying
Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.
Asian shares defy global rally as Hong Kong unrest rattles investors
Fresh political unrest in Hong Kong over Beijing’s proposed national security laws in the city hit Asian share markets on Wednesday, even as optimism about the re-opening of the world economy supported a broader global stock rally.
Oil falls on demand concerns, tensions over Hong Kong
Oil prices fell on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
