China data met with relief by stock markets, Brexit Plan B in focus
World stock markets kept their nerve on Monday, as data showed the Chinese economy slowed last year, underlining the need for more stimulus from Beijing.
France’s Casino sells stores to Fortress, hits asset sales target
Casino has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt.
EU veto of Alstom-Siemens rail tie-up would be ‘economic error’ – France
The European Commission would make an “economic error and political mistake” if it were to block the merger of Alstom’s and Siemens’ rail businesses, said French Finance Minister Bruno Le Maire, shortly before meeting the EU’s competition chief.
Eve-of-Davos survey shows people place trust in companies over governments
People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos.
Nissan, Renault not ready to discuss new capital ties: Saikawa
Nissan CEO Hirota Saikawa said on Monday that he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising the partners’ capital ties.
Nissan’s Ghosn offers to wear electronic ankle tag for bail
Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.
GSK Chairman Hampton to step down ahead of split
GlaxoSmithKline Plc Chairman Philip Hampton will step down after more than three and a half years in the role, as Britain’s biggest drugmaker prepares to split its business into two.
Oil reaches 2019-high on strong China crude use, but economic slowdown looms
Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record last year despite a slowing economy.
Supermarket retailer Casino to sell 26 stores to Fortress
French supermarket retailer Casino , which is selling assets to reduce its debt, has agreed to sell 26 stores worth 501 million euros ($567 million).
European power firms aim to harness electric car batteries
Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe.
