The boards of Fiat Chrysler Automobiles NV and Peugeot SA will meet separately on Tuesday to discuss finalizing an initial agreement for a $50 billion merger to create the world’s number four carmaker, sources said.
It is a pleasure to report that the BerGenBio ASA (OB:BGBIO) is up 55% in the last quarter. But that is minimal… …read more […]
The mine boasts one of the world’s richest deposits of rare earths, crucial components of everything from iPhones to weapons systems. Hints this year by China that it could cut off rare earths exports to the United States as a trade war raged between the two countries sparked a U.S. scramble for new supplies – and sent Lynas shares soaring. As the only non-Chinese company thriving in the rare earths sector, Lynas shares have gained 53% this year. …read more […]
Shares in Boeing Co’s biggest European suppliers, Senior Plc and Safran, fell sharply on Tuesday after the U.S. planemaker said it would suspend production of its best-selling 737 MAX jetliner in January, deepening its crisis.
Entities representing the Peugeot family have approved a proposed Memorandum of Understanding for PSA’s planned merger with Fiat Chrysler , a source familiar with the situation said.
Swiss drugmaker Roche plans to complete its $4.3 billion takeover of gene therapy specialist Spark Therapeutics on Tuesday after U.S. and British authorities ruled the deal would not hurt competition in hemophilia A treatment.
European indexes fell in early trading Tuesday following a rally on Wall Street spurred by strong Chinese economic data that sent the major indexes to record highs and carried into Asian markets. Markets got a big boost in confidence after the U.S. and China announced a long-awaited “Phase 1″ trade deal. In return, China promised to ramp up its purchases of U.S. agricultural, energy and other goods and to stop forcing U.S. companies to turn over technology as a condition of doing business in that country. …read more […]
Teachers, doctors, lawyers and workers at the Eiffel Tower — people from across the French workforce walked off the job Tuesday to resist a higher retirement age, and to preserve a welfare system they fear their business-friendly president wants to dismantle. Commuters and tourists faced a 13th straight day of traffic headaches as train drivers kept up their strike against President Emmanuel Macron’s overhaul of a pension system that allows them to retire as early as their 50s. Hospitals requisitioned workers to ensure key services Tuesday, as nurses, doctors and pharmacists went on strike to save a once-vaunted …read more […]
The boards of Fiat Chrysler Automobiles NV and Peugeot SA will meet separately on Tuesday to discuss finalising an initial agreement for a $50 billion merger to create the world’s number four carmaker, sources said.
Dec.17 — In Paris, PSA Group directors are meeting to review the terms of the carmaker’s proposed merger with Fiat Chrysler Automobiles NV. Bloomberg’s Caroline Connan reports on “Bloomberg Markets: European Open.” (Adds full company names in headline and description.) …read more […]
Shares of Britain’s Senior Plc, whose aerospace unit counts Boeing Co as its biggest customer, fell 5% after the U.S. planemaker said it would suspend production of its best-selling 737 MAX jet.
Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January.
Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January. Airbus shares were up 1.6% in early trading while those in French aerospace company Safran, a supplier to Boeing, were down 2.1%. On Monday, Boeing said it would suspend production of its best-selling 737 MAX jetliner in January, as the fallout from two fatal crashes of the grounded aircraft drags on into 2020. …read more […]
Spain’s Telefonica plans to drastically reduce the amount of equipment it buys from Chinese technology giant Huawei [HWT.UL] for the core of its next-generation mobile networks in Europe, its Chief Technology and Information Officer (CTIO) said. Choosing manufacturers for network equipment has become a political hot potato since Washington imposed an export ban on Huawei, the global market leader, but Telefonica’s shift away was “a purely technical decision”, CTIO Enrique Blanco said. Until now, Telefonica has relied entirely on Huawei for its core 4G networks in key markets of Spain and Germany, but under the new strategy, this …read more […]
Another senior Credit Suisse executive was followed this year, the Neue Zuercher Zeitung reported, suggesting the surveillance of former wealth management boss Iqbal Khan was not an isolated incident as the Swiss bank has said.
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