Fiat Chrysler, Peugeot owner agree binding $50 billion merger deal
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.
Airbus is on course to end 2019 with all major civil aircraft programmes showing a book-to-bill ratio above one, chief commercial jet salesman Christian Scherer said on Wednesday.
World stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while Britain's pound nursed heavy losses in the wake of renewed Brexit uncertainty.
Lenovo Group's founder, Liu Chuanzhi, will retire at the year end as chairman of its parent Legend Holdings, the company said on Wednesday.
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.
Fiat Chrysler has its own goals to meet next year, independently of its planned merger with Peugeot owner PSA , Chief Executive Mike Manley said on Wednesday.
JPMorgan said on Wednesday it has received the final approval from Chinese regulators to set up a majority-owned securities venture in the country.
British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including some influencers' accounts, the UK's advertising watchdog ruled on Wednesday.
Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade row.
Italy's Finance Minister Roberto Gualtieri on Wednesday welcomed the binding merger agreement between Fiat Chrysler and Peugeot maker PSA saying it was "good" and said Rome would keep on eye on the deal's effects on jobs and investments.
An Indian tribunal on Wednesday ordered restoring Tata Sons' former executive chairman Cyrus Mistry to the position he had held until 2016, a lawyer involved in the case said.
U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook's Libra digital currency project on Wednesday, saying it faces a "core set of legal and regulatory challenges" including clarity about how it would be tied to some basket of underlying assets.
Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot , Chairman John Elkann said on Wednesday.
McDonald's has shut all its restaurants in Peru for two days of mourning after two of its employees died, the burger chain said on Twitter.
Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world's fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.