FCA and Renault shares drop after merger talks collapse
Shares in Fiat Chrysler (FCA) and Renault fell sharply in early trading on Thursday after their $35 billion-plus merger plan fell apart only 10 days...
Trump threatens China with tariffs on a further $300 billion of goods
U.S. President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both...
Aviva overhauls UK business, to cut 1,800 jobs globally
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief...
China issues 5G licenses in timely boost for Huawei
China granted 5G licenses to the country’s three major telecom operators and China Broadcasting Network Corp on Thursday, giving the go-ahead for full commercial deployment...
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...