Monday 27 May 2019

Canada takes first step towards ratifying new North American trade deal

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Canada takes first step towards ratifying new North American trade deal

Canada took a first step toward ratifying the new North American trade agreement on Monday just three days ahead of U.S. Vice President Mike Pence's trip to Ottawa to discuss the passage of the treaty.

Teva Pharm to pay Oklahoma $85 million to settle opioid claims

Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped fuel the U.S. opioid epidemic.

Alibaba mulls second listing to raise $20 billion: Bloomberg

Alibaba Group Holding Ltd is considering raising $20 billion through a second listing in Hong Kong, Bloomberg reported on Monday, citing unnamed people with knowledge of the matter.

Exclusive: Huawei reviewing FedEx relationship, says packages 'diverted'

Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others.

Oil up more than 1% on Mideast tensions and supply cuts

Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month.

Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.

Shortages plague Cuba as U.S. sanctions sharpen economic woes

Israel Hidalgo and his wife left home around 7:30 a.m. to reach a supermarket across Havana because they heard it might be selling chicken, a staple of the Cuban diet increasingly scarce on the shortage-plagued island.

Renault to decide next week whether to proceed with FCA merger talks: sources

Renault board members will meet informally for work sessions within days with a view to a decision early next week on whether to go ahead with Fiat Chrysler merger talks, two sources with knowledge of the matter said.

Elkann enlists Renault to drive Fiat family fortunes

When John Elkann lost his ally last year with the sudden death of Sergio Marchionne, some questioned whether the softly-spoken scion of the Agnelli clan would be able to emerge from his shadow to ensure Fiat Chrysler's future.

Ball in U.S. court to start trade talks: EU trade chief

EU-U.S. talks that could prevent the United States imposing punitive car tariffs have made some progress, but Washington must decide if it wants to negotiate with Brussels on a broad removal of import duties, the EU trade chief said on Monday.

Italy's Salvini says Rome should take stake in combined FCA-Renault group 'if required'

Italy's Deputy Prime Minister Matteo Salvini said on Monday the Rome government should take a stake in a combined Fiat Chrysler- Renault group if necessary, given the importance of the car sector for the domestic economy.

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