Door opens for UBS to take majority ownership of China JV
UBS Group AG may have moved a step closer towards becoming the first foreign bank to hold majority ownership of its Chinese investment banking operations, after two of its joint venture partners said they had put their stakes up for sale.
Berlin welcomes carmakers’ trade-in offers
The government welcomes German automakers’ moves towards making concrete offers of discount trade-ins to owners of older, dirtier diesel vehicles, adding that these latest moves had been precisely what Chancellor Angela Merkel had been expecting.
Tesla says orders placed by Oct 15 eligible for full tax credit
Electric carmaker Tesla Inc said http://bit.ly/2NCbs1r orders for cars placed by Oct. 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year.
World shares bounce after rout, set for worst week since February
Global shares were having their best day in nearly a month on Friday as European and Asian markets recovered from a brutal selloff that still left them set for their worst week since February.
ArcelorMittal to sell assets to Liberty House as part of Ilva deal
ArcelorMittal, the world’s largest steel producer, has struck a deal to sell its steelmaking facilities in the Czech Republic, Romania, Macedonia and Italy to Liberty House, it said on Friday.
Intel reduces stake in ASML to below 3 percent
Intel has reduced its stake in supplier ASML Holding to just below 3 percent, according to an update from the registry of the Netherlands’ Authority for Financial Markets (AFM) on Friday.
Asia shares bounce after rout, Shanghai crawls higher from four-year trough
Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw its shares crumble to near 4 year lows.
Tesla says orders placed by October 15 eligible for full tax credit
Electric carmaker Tesla Inc said http://bit.ly/2NCbs1r all orders for its vehicles placed by Oct. 15 are eligible for full federal tax credit of $7,500 and such customers will get their cars delivered by the end of the year.
Canada’s Air Transat says airline deal with Thomas Cook could expand
Canada’s Air Transat could expand a partnership deal with the airline arm of British tourism group Thomas Cook to include codesharing and interlining, the boss of the Canadian carrier said.
Germany eyes tougher sanctions for rogue companies: justice minister
The German government is considering tougher sanctions against companies that foster criminal behavior in the wake of Volkswagen’s diesel emissions scandal, the country’s justice minister said.
