Britain has begun exclusive talks with planemaker Boeing Co for a multi-billion pound contract to replace its fleet of ageing surveillance aircraft for the Royal Air Force, the Financial Times reported.
French carmaker PSA Group is open to new industry tie-ups and is attracting attention from competitors after its lightning turnaround and swift progress in restructuring recently acquired Opel, Chief Executive Carlos Tavares said.
Wells Fargo & Co has not satisfied U.S. regulators that the bank is doing enough to pay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.
PepsiCo Inc’s quarterly profit margins disappointed investors on Tuesday as commodity and transportation costs jumped, overshadowing an earnings beat fueled by growth in emerging markets and a rebound in North American beverage sales.
TomTom shares jumped 4 percent on Tuesday after the Dutch navigation company said it had struck deals with carmakers BMW and Peugeot.
Tencent Music Entertainment Group on Tuesday formally filed with regulators to list in the United States, under the symbol “TME”, in what could be the biggest U.S. IPO by a Chinese company.
A jump in Intel powered the Dow Jones Industrial Average to an all-time intraday high on Tuesday, while the S&P 500 and the Nasdaq were little changed as U.S. stocks, much like global peers, remained pressured due to Italy’s troubles.
South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year period from 2019 to 2023.
U.S. stocks treaded water on Tuesday, pressured by worries of a euro zone breakup after anti-euro comments from an Italian lawmaker.
Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a drop in sales in areas hit by Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey.
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.
Citigroup plans to boost the United Arab Emirates’ role as an offshore booking center and is working towards a full banking license in Saudi Arabia, helping to propel its regional growth, a senior executive told Reuters.
Credit ratings agency Moody’s Investor Service said on Tuesday it has placed ratings of General Electric Co and its finance unit under review for a possible downgrade, a day after the conglomerate replaced its chief executive officer and announced a $23 billion charge.
Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a drop in sales in areas hit by Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey.
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency.
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