Exor’s Elkann stresses long-term commitment to Fiat Chrysler
Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover.
Apple, luxury brands drop China prices as VAT cuts take effect
Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect from April 1.
Asda overtakes suitor Sainsbury’s to become UK’s No. 2 supermarket: Kantar
Sainsbury’s has lost its status as Britain’s No. 2 supermarket group by market share to takeover target Asda for the first time in four years as industry data confirmed Sainsbury’s as the sector laggard.
Bitcoin briefly hits $5,000 after 20 percent surge
Bitcoin briefly touched $5,000 on Tuesday, its highest level since late November, while other cryptocurrencies also surged.
Singapore Airlines grounds two 787-10s citing Rolls-Royce engine problem
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration.
Lawyer for ousted Nissan boss Ghosn says hasn’t discussed Oman issue with him
The defense lawyer for ousted Nissan Motor Chairman Carlos Ghosn said on Tuesday he had not discussed with Ghosn a report that Nissan’s alliance partner Renault had alerted French prosecutors about payments to an Omani distributor.
Oil rises to five-month high on firmer China data, prospect of fresh supply curbs
Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions against Iran and further Venezuelan supply disruptions.
Ghosn would not get fair trial if tried alongside former employer Nissan, lawyer says
Ousted Nissan boss Carlos Ghosn would not get a fair trial by a Tokyo court if he were tried alongside his former employer, a lawyer for Ghosn said on Tuesday, saying the carmaker was more like a prosecutor than a defendant in the case.
Exor’s Elkann says commitment to Fiat Chrysler unchanged
The chairman of Exor John Elkann said the Italian holding group’s commitment to carmaker Fiat Chrysler remained unchanged.
Manufacturing rebound pushes Asian shares to seven-month highs
Asia shares extended their rally on Tuesday as positive factory activity surveys from China and the United States provided a much-needed boost to investor confidence.
