Ford CEO seeks to rally dealers as shares sink to new low
With Ford Motor Co’s stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of announcing the automaker’…
China’s regulators rush to rally market confidence, boosting shares
China’s regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging.
EU to sign trade deal with Singapore, eyes deeper Asia ties
The European Union will sign a trade agreement with Singapore on Friday, the highlight of a two-day meeting of 51 European and Asian leaders and a signal of the EU’s push for open market accords with Asian countries.
Europe-Asia statement to avoid China subsidies criticism: draft
A final communique for the Europe-Asia leaders summit will not include language calling for an end to trade and market distorting measures by governments at China’s request, according to the latest draft and EU diplomats.
Euro, Italian bonds sold as EU warns on Italy budget
Investors sold Italian bonds and the euro on Friday, with Italy’s bond yield hitting four-year highs as the European Union called its draft budget an “unprecedented” breach of EU fiscal rules.
China moves to lift confidence as economic growth hits weakest pace since 2009
China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bi…
Vivendi CEO denies company wants to call Telecom Italia shareholder meeting on board
A report Vivendi is thinking of calling a shareholder meeting at Telecom Italia to appoint four more board members are off the mark, the French media group’s CEO said.
SAIC VW starts work on $2.5 billion China plant in Audi pivot
Volkswagen AG’s China venture with SAIC Motor Corp Ltd has started building a $2.5 billion new energy vehicle (NEV) plant in Shanghai, which will make VW’s luxury Audi AG brand cars, a possible first for the venture.
Italy’s Armani will remain independent: paper
Italian fashion house Giorgio Armani has been approached by many suitors but intends to remain an independent player, the company’s founder and owner said in an interview in MF daily on Friday.
Asia shares erase losses as China’s market support helps Shanghai surge
Asian stocks clawed back losses on Friday as China’s efforts to bolster investor confidence helped its share markets rally, although data showing the world’s second-largest economy growing at the slowest pace since 2009 capped broader gains.
