At least eight suitors are preparing second-round bids to buy a majority stake in German wholesaler Metro AG's Chinese operations, Reuters learned from people directly involved in the matter, as suitors vie for heft in a changing offline landscape. A deal could see Metro's China business valued
If everything goes to plan, Sirius Minerals plc (LON: SXX) could be worth significantly more than its current value writes Rupert Hargreaves.
The outlook for these FTSE 100 (INDEXFTSE:UKX) companies is deteriorating rapidly and Rupert Hargreaves would sell before it's too late.
European shares rose on Monday as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after European parliamentary elections saw pro-Europe parties cling to a majority. The gains followed a stronger showing in Asian markets, where shares
MILAN (Reuters) - Italy supports Fiat Chrysler's growth plans and does not expect them to lead to job losses, Deputy Prime Minister Matteo Salvini said after the carmaker made a "transformative" merger proposal to Renault.
French carmaker Renault said it was "studying with interest" the terms of the proposed merger with Fiat Chrysler (FCA). "After careful review of the terms of FCA's friendly proposal, the board of directors decided to study with interest the opportunity of such a business combination
MILAN/PARIS (Reuters) - Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world's third-biggest carmaker. If successful, the $35 billion-plus tie-up would alter the competitive
Europeans showed belief in the EU project, experts claimed Monday, despite long-dominant centrist parties losing ground to euroskeptic and nationalist opponents in the EU elections.
Italian-American firm Fiat Chrysler has proposed a merger with French company Renault which would create the third biggest carmaker in the world.The tie-up is aimed at saving billions of dollars for both companies as the car industry moves towards electric and autonomous vehicles.In a statement on Monday
Dubai could attract 11 million foreign visitors to the Expo 2020 trade fair, organisers said in an interview, giving a significant boost to the emirate's tourism sector. Overseas visitors would account for almost 71% percent of the total expected for the event in Dubai, already a popular destination
A group of 10 non-governmental organisations (NGOs) are suing French conglomerate Bollore in a French court over commitments it made to residents and workers at its palm oil plantation in Cameroon. The NGOs accuse Bollore of reneging on a 2013 agreement in which it promised to improve the working and
Nasdaq withdrew its offer for Oslo Bors on Monday, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle. Euronext secured approval from Norway's Ministry of Finance this month to buy more than 50% of Oslo Bors for 158
Russia on Monday lifted an import ban on stone fruit from North Macedonia and Serbia, the Rosselkhoznadzor agriculture watchdog said in a statement. Moscow imposed the ban in August on some fruit from the two countries after it said it had found the Monilinia fructicola fungus in Serbian peaches and
Italy's state owned Monte dei Paschi could merge with lenders of similar size although the list of candidates is thin, Chief Executive Marco Morelli said on Monday. "In theory Monte dei Paschi could be a merger partner for many banks, but the actual list (of candidates) is narrow", Morelli
Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts. The main factor preventing crude prices from rising on the geopolitical news is the concern about the global economy,
Arndt Ellinghorst, head of global automotive research at Evercore ISI Group, discusses merger discussions between Fiat Chrysler and Renault.
Guy Miller, chief market strategist at Zurich Insurance, says support for Brexit showed most British voters didn't believe in the EU.
Vasileios Gkionakis, global head of FX strategy at Lombard Odier & Cie, discusses the market reaction to European elections.
Anna Rosenberg, head of Europe and the U.K. at the think-tank Signum Global, says the EU is "going to strengthen" following the vote.