PSA’s shares rise as Fiat Chrysler withdraws merger offer for Renault
Shares in Peugeot-carmaker PSA rose on Thursday, as analysts examined the possibility that Fiat Chrysler (FCA) might turn back to PSA after FCA withdraw a...
Ford expected to announce closure of Welsh engine factory: source
Ford is expected to announce on Thursday that it is closing its engine facility in Wales, a source told Reuters, putting at risk 1,700 jobs...
China says will fight to end if U.S. escalates trade tensions
China will fight to the end if the United States decides to escalate trade tensions, the Commerce Ministry said on Thursday, as U.S. President Donald...
China forbids local governments from imposing new curbs on car purchases
China said on Thursday it is stopping local governments from imposing new restrictions on car purchases, as it looks to spur consumption amid a slowing...
French bank Credit Agricole targets net profits of 5 billion euros in 2022
French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of...
Credit Agricole CEO says no pressure, no need to grow via M&A
Credit Agricole’s Chief Executive Philippe Brassac said his bank will focus on organic growth in the coming three years as it has no pressure or...
Trump: ‘not enough’ progress in U.S.-Mexico talks
Mexican and U.S. officials will head into a second day of talks that aim to avoid tariffs on Mexican goods. President Donald Trump says ‘not...
Exclusive: Foxconn plans management overhaul as Chairman Gou seeks Taiwan presidency – source
Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person...
Weapon of choice? China rare earth prices soar on their potential role in trade war
Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its...
Exclusive: Foxconn to reveal management overhaul as Gou sets sights on presidency – source
Apple supplier Foxconn is planning to overhaul its management structure in a move that would see more senior executives involved in the running of its...