Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challenges
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker.
Oil rises to $69 as Mideast tension and supply cuts offset trade concerns
Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains.
Factbox: Auto industry consolidation – mega-mergers and alliances
Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation.
European stocks gain on EU election relief and auto shares surge
European shares climbed on Monday as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after pro-EU parties kept a firm grip on power in elections to the European Parliament.
Fiat Chrysler seeks Renault merger to meet auto challenges
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest carmaker.
Renault’s board ‘studying with interest’ Fiat Chrysler deal terms
French carmaker Renault said it was “studying with interest” the terms of the proposed merger with Fiat Chrysler (FCA).
Failing to hire women, ECB extends supervision job deadline: sources
The European Central Bank has extended a deadline for filling three top jobs at its bank supervision arm after it failed to hire any women for the roles, two sources said, illustrating the bank’s long struggle to attract female talent for senior positi…
Asia’s billionaires develop taste for boutique wealth managers
Growing demand by Asia’s rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.
FCA, Renault deal could take more than one year to be finalised – CEO to employees
It could take more than one year for Fiat Chrysler and Renault to finalize a proposed merger of the two companies, FCA group’s chief executive told employees on Monday in a letter seen by Reuters.
Nasdaq pulls out of Oslo Bors battle, handing Euronext victory
Nasdaq withdrew its offer for Oslo Bors on Monday, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle.
