Fiat chairman says Chrysler IPO changes business situation
MILAN (Reuters) – The listing of Chrysler creates a different business situation for the Fiat group to operate in, the chairman of the Italian automaker said on Thursday.
Lixil to buy Grohe in $4 billion landmark deal
TOKYO/FRANKFURT (Reuters) – Germany’s biggest bathroom fittings company Grohe has been snapped up by Japanese building products group Lixil in a 3.06 billion euro ($4.13 billion) deal, marking the largest ever investment by Japan in Europe’s biggest ec…
Dell’s financial services arm to set up Europe headquarters in Ireland
DUBLIN (Reuters) – U.S. computer firm Dell Inc’s financial services arm is setting up a European headquarters in Ireland, becoming the latest multinational to take advantage of the country’s low corporate tax rates.
Europe sags on Italy concerns, lending weakness
LONDON (Reuters) – Fresh signs of euro zone economic fragility and rising political pressure in Italy hit the euro and the region’s shares on Thursday, adding to wider market worries about a potential U.S. government shutdown.
Recent Chinese data reinforce IMF’s 2013 GDP forecast: official
TOKYO (Reuters) – China’s recent economic data reinforce the International Monetary Fund’s forecast that the world’s second-largest economy will avoid a second-half slowdown and grow 7.75 percent this year, a fund official said on Thursday.
Barclays to shut wealth management services in 130 countries
(Reuters) – Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit.
New era as Brussels tightens its grip on budget miscreants
BRUSSELS (Reuters) – Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks’ time, the European Commission will do exactly that as a new era of rigid fiscal surveillance begins in Europe….
Nissan to recall 908,900 vehicles globally for accelerator sensor flaw
TOKYO (Reuters) – Nissan Motor Corp will recall around 908,900 vehicles globally including 764,800 in Japan due to a flaw in an accelerator sensor that could cause the engine to stall, the Japanese carmaker said on Thursday.
Fairfax’s Watsa confident BlackBerry bid will succeed
TORONTO (Reuters) – Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd.
UBS places Bankia’s stake in Mapfre for $3.6 per share
MADRID (Reuters) – Broker UBS said on Thursday it had placed the 12 percent stake in Spanish insurer Mapfre held by the country’s largest state-rescued lender Bankia for 2.647 euros ($3.6) per share for a total of almost 1 billion euros.
