Thursday 29 November 2018

Renault-Nissan in first crisis meeting since Ghosn arrest

Reuters.com Newsletter

Renault-Nissan in first crisis meeting since Ghosn arrest

Renault and Nissan "emphatically reiterated" their commitment to one another on Thursday as executives gathered for talks likely to address the future of the alliance, rocked by the arrest of Chairman Carlos Ghosn.

Nissan-Renault-Mitsubishi alliance won't appoint interim chairman

Mitsubishi Motors' Chief Executive Osamu Masuko said on Thursday that the company's three-way alliance with Nissan and Renault would not appoint an interim chairman and would shift instead to a system where the group would be led by the three CEOs.

Bayer sells assets, cuts jobs, takes impairment charge

Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting 10 percent of its staff and 3.3 billion euros ($3.8 billion) in impairments.

Abercrombie & Fitch forecasts upbeat holiday quarter, shares soar

U.S. teen apparel retailer Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts' estimates on Thursday, driven by strong sales at its Hollister and flagship stores, sending its shares soaring 24 percent in early trading.

Wall Street opens lower as investors turn cautious with G20 in focus

U.S. stocks opened lower on Thursday as investors took a cautious stance in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was "a long way to go" on tariffs with Beijing.

Deutsche Bank offices raided in money laundering probe

Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the "Panama Papers", the public prosecutor's office in Germany's financial capital said.

Fiat Chrysler to spend 5 billion euros on new models, engines in Italy

Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost operating margins in Europe.

Ford backs PM May's Brexit plan to avoid no-deal 'catastrophe'

Carmaker Ford backed Prime Minister Theresa May's Brexit deal on Thursday to avoid a no-deal "catastrophe," but said she still needed to guarantee long-term frictionless trade, which is key to the future of its plants in Britain.

Amazon picks New York City, Washington D.C. area for new offices

Amazon.com Inc picked America's financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C.

Factbox: Amazon to get billions in breaks for HQ2 development

(The Factbox updated on Nov. 15 corrects to fix total New York City incentive figure to $2.81 billion from $1.525 billion.)

Amazon's treatment of sellers comes under scrutiny in Germany

Germany's antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace.

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