Jaguar Land Rover chief wants alliances, not a merger
Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.
Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.
Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection could prevent engine starts or contribute to a stall.
The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said on Thursday in an update of its forecasts.
Strong German exports to the United States helped Europe's largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.
China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing amid continued efforts to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unnamed sources.
Goldman Sachs cut its target price for Westpac Banking Corp on Friday as Australia's second-biggest bank stands accused of massive breaches of anti-money laundering laws and faces billions of dollars in fines.
Gap Inc edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.
Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW , Volkswagen and Daimler - a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases.
Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the world's biggest passenger car market to stabilize next year with low growth levels likely for three to four years.
A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.
China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling.
Global stocks slid further on Thursday as the standoff between the world's two largest economies extended beyond trade, reducing the odds of a "phase-one" deal this year and forcing investors to seek shelter in safe-haven assets.
Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023.
Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Fiat Chrysler's (FCA) planned $50 billion merger with Peugeot owner PSA Group will not be blown off course by a shock lawsuit against FCA from General Motors, a source close to FCA said on Thursday.