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The Italian government is following talks between Fiat Chrysler and Peugeot owner PSA over a possible tie-up, Industry Minister Stefano Patuanelli said on Wednesday.

Fiat Chrysler and Peugeot owner PSA are in talks over a potential tie-up that could create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the global auto industry.

Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.

China granted approval for Nintendo Co to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world's biggest game market.

Sony Corp on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division.

Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.

Volkswagen lowered its full-year sales outlook on Wednesday, warning of slowing demand even as nine-month adjusted operating profit jumped 11.2% on increased demand for SUVs as well as Skoda and Porsche cars.

Wall Street struggled for direction on Wednesday as investors geared up for a policy decision by the Federal Reserve later in the day.

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks.

The U.S. Justice Department on Wednesday reached its biggest civil forfeiture deal in agreeing to recover almost $1 billion in funds Malaysian financier Jho Low and his family had allegedly misappropriated from Malaysian state fund 1MDB.

Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn.

Fugitive financier Jho Low is ready to address issues related to the 1MDB scandal in Malaysia or elsewhere, a spokesman from the Wells Haslem Mayhew Strategic Public Affairs agency who handles press matters on behalf of Low said on Thursday.

Factory activity in China shrank for the sixth straight month in October and by more than expected, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.

The head of Hong Kong's central bank called on the public to manage financial risks prudently on Thursday, as the local economy faces its first recession in a decade.

Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate.