Peugeot open to new deals as turnaround draws attention: CEO
French carmaker PSA Group is open to new industry tie-ups and is attracting attention from competitors after its lightning turnaround and swift progress in restructuring recently acquired Opel, Chief Executive Carlos Tavares said.
Top regulator for Wells Fargo says not satisfied with the bank
Wells Fargo & Co has not satisfied U.S. regulators that the bank is doing enough to pay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.
Tesla worried by China tariffs even as deliveries surge
Tesla Inc announced record quarterly car production on Tuesday but warned of major problems with selling cars in China due to new tariffs that would force it to accelerate investment in its factory in Shanghai.
Oil steadies below four-year highs; U.S. inventory rise expected
Oil prices steadied on Tuesday, remaining close to four-year highs on worries that global supplies will drop due to Washington’s sanctions on Iran.
LVMH watch brands to attend Baselworld 2019, changes needed for 2020
Luxury goods group LVMH’s watch brands will be present at the next edition of the Baselworld watch fair in March, the outgoing head of its watch division told CNN Money Switzerland, adding the world’s biggest trade show needs to make changes in 2020.
PepsiCo margin slip clouds profit beat, North America beverage rebound
PepsiCo Inc’s quarterly profit margins disappointed investors on Tuesday as commodity and transportation costs jumped, overshadowing an earnings beat fueled by growth in emerging markets and a rebound in North American beverage sales.
TomTom shares lifted by BMW, Peugeot contract wins
TomTom shares jumped 4 percent on Tuesday after the Dutch navigation company said it had struck deals with carmakers BMW and Peugeot.
Tencent’s online music unit files for U.S. listing
Tencent Music Entertainment Group on Tuesday formally filed with regulators to list in the United States, under the symbol “TME”, in what could be the biggest U.S. IPO by a Chinese company.
Intel powers Dow to record high
A jump in Intel powered the Dow Jones Industrial Average to an all-time intraday high on Tuesday, while the S&P 500 and the Nasdaq were little changed as U.S. stocks, much like global peers, remained pressured due to Italy’s troubles.
Global stocks dip as Italy angst takes hold, NAFTA lift dwindles
Stocks weakened around the globe and European assets sold off on Tuesday as anti-euro comments by an Italian lawmaker sent Italy’s bond yields to multi-year highs and optimism over an agreement to revamp a North American trade deal receded.
