Worried EU leaders call jobs, growth summit for October 7: draft
BRUSSELS (Reuters) – European Union leaders are set to hold an emergency summit on promoting growth and jobs on Oct. 7 at the suggestion of Italy, according to a draft of a statement to be issued after an EU summit on Saturday.
Alibaba aims to launch share sale in early September: source
HONG KONG (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday.
Fiat-Chrysler sees New York stock market listing on October 13
RIMINI Italy (Reuters) – Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month.
Fiat-Chrysler CEO says shareholders backing of merger is ‘huge step ahead’
RIMINI Italy (Reuters) – The fact that most Fiat shareholders chose not to exercise an option that could derail a merger with its U.S. unit Chrysler is a “huge step ahead” for the car maker, Fiat and Chrysler Sergio Marchionne said on Saturday.
China graft watchdog probes another executive at Chinese car maker
BEIJING (Reuters) – China’s anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company.
Indian investigators drop coal scam case against billionaire Birla
NEW DELHI (Reuters) – India’s Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor’s report on revenue loss to the exchequer from al…
U.S. auto sales seen ending summer without a sizzle
DETROIT (Reuters) – U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
U.S. coal stocks could gain on Russia tension
NEW YORK (Reuters) – Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe’s natural gas supply.
Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission
NEW YORK (Reuters) – Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday…
U.S. judge sets hearing in Argentina bond case over Citi subpoena
NEW YORK (Reuters) – A U.S. judge overseeing litigation by Argentina and creditors who did not participate in the country’s past debt restructurings on Friday scheduled a hearing to assess whether Citigroup Inc should be forced to comply with a subpoen…
