Renault board to meet, as CEO denounces potential exit as ‘coup’
Renault SA’s CEO, Thierry Bollore, denounced as a “coup” his potential exit from the French carmaker, which has called a board meeting on Friday to discuss governance matters.
Wall Street rises on fresh hopes for U.S.-China trade deal
U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares also boosted the market.
GM CEO Barra takes role in talks to end UAW strike
General Motors Chief Executive Mary Barra met with senior United Auto Workers officials to discuss the No. 1 U.S. automaker’s most recent proposal to end a more than three-week-old strike that has cost it over $1 billion, a union spokesman said on Thu…
Fed eases post-crisis rules for domestic, foreign banks
The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-2009 global financial crisis.
LSE told Italy it won’t move bond trading platforms: central bank source
London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source said on Thursday.
Apple CEO Cook defends removal of police-tracking app used in Hong Kong
Apple Inc Chief Executive Tim Cook on Thursday defended the iPhone maker’s decision to remove from its app store a police-tracking app used by protesters in Hong Kong, according to a copy of a letter to employees seen by Reuters and confirmed by Apple…
Stocks up, dollar down with eyes on U.S.-Sino trade talks
Stocks rose on Thursday after U.S. President Donald Trump said he would meet with China’s top trade negotiator on Friday, while oil rose as OPEC pledged a decision on supply at its December meeting.
U.S. judge urges parties to wisely use Purdue opioid settlement funds
A U.S. bankruptcy judge on Thursday urged parties that will benefit from a proposed settlement with OxyContin maker Purdue Pharma LP to focus on addressing the opioid addiction crisis and avoid battling over the deal’s billions of dollars.
LSE told Italy it won’t shift location of MTS operations: BOI source
London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source told Reuters on Thursday.
GM CEO Barra met with UAW on Wednesday as strike continues
General Motors chief executive Mary Barra met with senior United Auto Workers officials on Wednesday to discuss the company’s most recent proposal aimed at ending a more than three-week-old strike that has cost the largest U.S. automaker more than $1 …
