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Italian PM welcomes Fiat Chrysler merger with PSA, says jobs crucial

Italian Prime Minister Giuseppe Conte welcomed the planned merger of Fiat Chrysler with its French rival PSA in an newspaper interview on Thursday, but said protecting jobs would be a top priority.



5 years ago

Dollar unhurt by Trump impeachment; Swedish crown gains

The dollar was down 0.1% in early London trading on Thursday, little changed by U.S. President Donald Trump's impeachment, while the Swedish crown edged higher when the Riksbank became the first central bank to exit negative rates territory.



5 years ago

China says in touch with U.S. on signing of Phase 1 trade deal

China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.



5 years ago

Norwegian Air hoping to agree Boeing 737 MAX compensation this year

Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline's acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March.



5 years ago

SoftBank's Yahoo Japan exits Oyo's Japan apartment venture

SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.



5 years ago

Exclusive: BP's incoming CEO won't initially take up Rosneft board seat - company sources

Incoming Chief Executive Bernard Looney will not take up either of BP's seats on the board of Rosneft when he takes over in February because of the complexity of the relationship with the Russian oil giant, five company sources said.



5 years ago

UK accounting watchdog extends probe into EY audit of Thomas Cook

Britain's Financial Reporting Council (FRC) has added an extra year to its investigation into accountant EY's audit of Thomas Cook, the holiday company that collapsed in September leaving tens of thousands of people stranded abroad.



5 years ago

Ant Financial appoints Simon Hu as CEO, part of Alibaba's executive shuffle

E-commerce giant Alibaba Group Holding Ltd and its fintech affiliate Ant Financial announced a string of top level executive changes on Thursday, amid an ongoing restructuring following the appointment of Daniel Zhang as chairman of Alibaba.



5 years ago

Stocks near record highs, Sweden ends negative rates

World stocks drifted down from the week's record highs on Thursday, while the crown gained as Sweden's central bank became the first to raise interest rates from negative territory.



5 years ago

Airbnb wins fight to remain exempt from European property rules

U.S. homesharing site Airbnb on Thursday won its battle to remain exempt from onerous European property regulations, as the EU's top court ruled it was an online platform and not a property agent.



5 years ago

China announces new tariff exemptions for U.S. chemical, oil products

China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world's two largest economies announced a Phase 1 trade deal.



5 years ago

Exclusive: Ant Financial takes stake in Vietnam's eMonkey: sources

China's Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd , has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey, people familiar with the matter said.



5 years ago

Volkswagen brand to post record profit on SUVs, cost cuts: executive

Volkswagen's namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports utility vehicles (SUV's), a senior manager of the unit said.



5 years ago

German court bans Uber services via rental cars in Germany

A German court has banned Uber services in Germany arguing the U.S. ride hailing company lacks a necessary licence to offer passenger transport services using rental cars.



5 years ago

Oil hovers near three-month highs on trade progress, lower inventories

Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.



5 years ago