Peugeot pledges sales drive in new mid-term plan
PARIS (Reuters) – French carmaker PSA Peugeot Citroen outlined plans for international expansion and a push into after-sales services, seeking to convince investors it can follow a lightning turnaround with sustained improvements in profitability.
New U.S. inversion rules threaten Pfizer-Allergan deal
WASHINGTON/NEW YORK (Reuters) – The U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate “inversions,” with the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty.
GM South Korea union riled by decision not to build Impala sedan in country
SEOUL (Reuters) – The trade union that represents most workers at General Motors Co’s South Korea operations said on Tuesday it will contest the U.S. automaker’s decision not to build Impala sedans in the country, amplifying tension in labor relations …
Fed’s Evans says market more pessimistic on U.S. rate hikes
HONG KONG (Reuters) – Financial markets are more pessimistic than the U.S. central bank in their pricing of U.S. interest rate hikes, Chicago Fed President Charles Evans said on Tuesday.
China state planner sees consumer, property prices rising in 2016: paper
BEIJING (Reuters) – China’s consumer prices are likely to rise modestly this year while property prices in some major cities could climb, the state planner said in a report published in the China Securities Journal on Tuesday.
Credit Suisse CEO Thiam targets bigger China presence
HONG KONG (Reuters) – Credit Suisse Chief Executive Officer Tidjane Thiam said on Tuesday the Swiss bank has been “underweight” in China and would look to build its wealth management capabilities in the world’s second-biggest economy, despite slowing g…
Coffee wars: South Korea’s cafe boom nears saturation point
SEOUL (Reuters) – South Korea’s coffee shop craze is frothing over.
Mexican state government eyes deal with Kia to end plant dispute
MEXICO CITY (Reuters) – A Mexican state government said on Monday it could reach a deal with Kia Motors in “the coming days” in a dispute over the terms surrounding the opening of the South Korean carmaker’s first plant in the country.
Credit Suisse faces tough questions after $1 billion write-downs
ZURICH (Reuters) – On Jan. 19, Credit Suisse Chief Executive Tidjane Thiam contacted the head of the Swiss bank’s markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters….
Exclusive: Boeing to buy directly from new 737 aircraft seat maker
NEW YORK (Reuters) – Boeing Co said on Monday it had picked a new aircraft seat supplier for its most popular jet, the 737, a move that industry experts said adds competition to leading seat makers Zodiac Aerospace and B/E Aerospace .
