The Weinstein Company to file for bankruptcy
(Reuters) – The board of directors of The Weinstein Company said late Sunday the New York film and TV studio planned to file for bankruptcy after talks to sell it collapsed, several media outlets reported.
Fiat Chrysler will ditch diesel from its cars by 2022: FT
MILAN (Reuters) – Fiat Chrysler plans to eliminate diesel from all its passenger vehicles by 2022, amid a collapse in demand and spiraling costs, the Financial Times reported on Monday.
Italy’s uncertain election: Five questions on investors’ minds
LONDON (Reuters) – Investors are feeling sanguine ahead of Italy’s March 4 election. The economy is strengthening and anti-euro sentiment is waning in the single-currency bloc.
Corporate America’s new dilemma: raising prices to cover higher transport costs
SEATTLE/BOCA RATON, Fla. (Reuters) – The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and …
Mexico slaps billionaire’s steel company with fine for stock manipulation
MEXICO CITY (Reuters) – Mexico’s securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez, government data showed.
‘Emperor’ stocks soar in China as Xi cleared for indefinite reign
SHANGHAI (Reuters) – Chinese speculators pounced on stocks with “emperor” in their name on Monday, after the ruling Communist Party set the stage for President Xi Jinping to stay in office indefinitely.
Asian shares mostly firmer, dollar loses early edge
SYDNEY (Reuters) – Asian shares made guarded gains on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.
Anbang committed to overseas subsidiaries after government takeover: spokesman
BEIJING (Reuters) – Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator’s decision to temporarily take control of the company and remains committed to the development of its overseas subsidiaries.
China’s Geely surges after building $9 billion Daimler stake
HONG KONG (Reuters) – Geely Automobile Holdings Ltd’s shares jumped on Monday after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler – giving him major leverage as he attempts to persuade the German carmaker to cooperate on tec…
Oil hits nearly three-week high as Saudi Arabia to keep output well below cap
TOKYO (Reuters) – Oil prices extended gains to hit their highest level in nearly three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.
