Stellantis rejigs China financing ops in latest reboot plans
By Tassilo Hummel and Giulio Piovaccari PARIS -Fiat parent Stellantis will sell its stake in an auto financing joint venture to its Chinese partner Dongfeng and set up its own…
By Tassilo Hummel and Giulio Piovaccari PARIS -Fiat parent Stellantis will sell its stake in an auto financing joint venture to its Chinese partner Dongfeng and set up its own…
BEIJING -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to…
By Ron Bousso and Chen Aizhu LONDON/SINGAPORE – China’s top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada and the United States,…
BERLIN -Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war…
(Reuters) – Alphabet Inc’s Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year.…
By Lisa Barrington and Farah Master DUBAI/HONG KONG – It’s been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their…
TOKYO – Uniqlo operator Fast Retailing Co’s earnings on Thursday may give an indication of how major global retailers are weathering COVID-related shutdowns in China, one of the biggest growth…
DUESSELDORF, Germany -Deutsche Telekom said it has bought additional shares in T-Mobile US from Softbank for $2.4 billion, bringing CEO Tim Hoettges closer to his goal of securing direct control…
(Reuters) – Russian weekly inflation fell to 0.66% in the latest week, First Deputy Prime Minister Andrei Belousov said on Wednesday. Weekly inflation in Russia slowed to 0.99% in the…
By Leika Kihara TOKYO -Bank of Japan Governor Haruhiko Kuroda on Wednesday warned the recent rise in inflation driven by higher import costs could hurt the economy, stressing the central…
ROME – A plan for Italy’s Generali put forward by a rebel investor would aim to increase the insurer’s debt leverage to near 25% for any worthy operations, the CEO…
By David Milliken and William Schomberg LONDON -British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson…
By Liang-sa Loh TAIPEI -Taiwan central bank governor Yang Chin-long said on Wednesday inflation would slow by the third quarter and any rate rise decisions would depend on consumer price…
BEIJING -China’s overall trade with Russia rose over 12% in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and exports, as…
By Selena Li HONG KONG – BlackRock Inc plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring…
By Leika Kihara TOKYO -The Bank of Japan (BOJ) will not introduce a digital yen as a means to achieve negative interest rates, an idea sometimes discussed in academic circles,…
(Reuters) – European shares retreated for a third straight session on Wednesday as anxiety about elevated inflation and its potential impact on upcoming earnings season dampened risk appetite. The pan-European…
A look at the day ahead in markets from Saikat Chatterjee. Hopes raised by latest U.S. CPI numbers that surging inflation may finally be peaking appear to have finally halted…
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer…
By Nichola Groom and Isla Binnie (Reuters) – Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with…
(Reuters) -Australia’s competition watchdog on Wednesday took Honda Motor Co’s local unit to court alleging the Japanese carmaker falsely claimed to its customers that two of its dealerships had stopped…
By Kantaro Komiya TOKYO – Japan’s core machinery orders posted their biggest monthly fall in nearly two years in February, official data showed on Wednesday, dragged down by a steep…
SYRACUSE, NEW YORK – Alexander Carrasquillo-Rosado, age 31, of Syracuse, pled guilty today to possessing and intending to distribute controlled substances. The announcement was made by United States Attorney Carla…
NEWARK, N.J. – The Department of Justice announced a Middlesex County man was charged with embezzling over $2.3 million from a New York-based company where he had been the controller…
NEWARK, N.J. – The Department of Justice has announced the sentancing of a Bergen County man to 24 months and two days in prison for his role in a scheme…