Italian government might ask for symmetry with Paris in FCA-Renault merger – League lawmaker
Italian government will defend national interest in the FCA- Renault merger and might ask for a stake in the new global automaker to match French state holdings, a prominent League ruling party lawmaker said on Monday.
Ghosn’s Paris lawyers contacted U.N. body to complain about his treatment
Carlos Ghosn’s Paris lawyers François Zimeray and Jessica Finelle said on Monday that they had contacted a United Nations body last week to complain about Ghosn’s treatment.
Japan to limit foreign ownership of firms in its IT, telecom sectors
Japan’s government said on Monday that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted.
FX collusion scandal reaches Australia, class action launched
An Australian law firm filed a class action lawsuit on Monday against five major international investment banks accusing them of colluding to rig foreign exchange rates during 2008-2013 to jack up profits at the expense of businesses and investors.
Asia stocks flat, euro holds firm after fragmented Europe vote
Asia stocks hovered near four-month lows on Monday amid concerns about U.S.-China tensions while the euro was confined to a narrow range after the weekend’s European Parliament elections.
Japan to add IT, telecom sectors to foreign ownership restriction
Japan’s government said on Monday it will add from August the information-technology and telecommunication sectors to a list of industries for which restrictions on foreign ownership of Japanese firms apply.
FAA reputation has taken a hit from Boeing 737 MAX grounding: United executive
The U.S. Federal Aviation Administration’s (FAA) reputation has taken a hit as a result of the Boeing Co 737 MAX grounding, United Airlines President Scott Kirby said on Monday.
Asia stocks steady, euro little moved as EU vote shows limited gains by nationalists
Asia stocks edged up early on Monday, and the euro was confined to a narrow range after the weekend’s European Parliament elections highlighted the deepening political fragmentation of the 28-country bloc.
Uniper chairman calls for signal from Fortum to resolve dispute
Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned.
Teva Pharm to pay Oklahoma $85 million to settle opioid claims
Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped fuel the U.S. opioid epidemi…
