AccorHotels creates lifestyle division for boutique brands
PARIS (Reuters) – AccorHotels , Europe’s largest hotel group, is creating a new lifestyle division to pool its fast-growing “boutique” hotel brands, the company said on Monday.
Fiat Chrysler ups the ante as automakers respond to Trump
DETROIT (Reuters) – Fiat Chrysler Automobiles on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new t…
Indonesia bars JPMorgan from next dollar sukuk issuance: official
JAKARTA (Reuters) – Indonesia has barred U.S. bank JPMorgan Chase & Co from submitting an underwriting proposal for its next issuance of dollar-denominated Islamic bonds, a finance ministry official said on Monday.
Morgan Stanley, UBS to raise stakes in China securities joint ventures to 49 percent: sources
HONG KONG (Reuters) – Morgan Stanley and UBS Group AG are set to raise their stakes in separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the moves said, betting on strong deals momentum in the world’s second-la…
FBI arrests Volkswagen executive on fraud charges: NYT
(Reuters) – The Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday.
Jaguar Land Rover sells record 583,313 cars in 2016
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.
Google shows improved self-driving system in Chrysler Pacifica
DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable.
Solid Christmas for UK supermarkets before uncertain 2017
Britain’s three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017 means the focus is on their outlooks.
HMD Global launches first Nokia smartphone
HELSINKI (Reuters) – HMD Global, the Finnish company that owns the rights to use Nokia’s brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).
Anbang in talks with Kushner for New York building overhaul: source
NEW YORK (Reuters) – China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jare…
