Business

Business Fiat Chrysler and France's PSA Group agree to 50/50 merger
Author: 0 Fiat Chrysler and France's PSA Group agree to 50/50 merger

A Changan representative didn't immediately comment. That includes Chrysler and Dodge, Alfa Romeo and Fiat , Jeep and RAM, Maserati , and the Mopar and SRT tuning brands from the FCA side. PSA executives had been preparing to brief French unions Thursday morning, they said. In a statement, French Finance Minister Bruno Le Maire welcomed the deal, saying that the government in Paris would "be particularly vigilant over preserving (the group's) industrial footprint in France".

Business Trump takes another shot at the Federal Reserve
Author: 0 Trump takes another shot at the Federal Reserve

The big sore spot for both the Fed and the economy at large is a reluctance by US businesses to spend, a hesitance Fed officials and corporate executives blame on Trump's unpredictable trade policy. U.S. hiring continues and unemployment is low, while inflation is creeping up to the Fed's 2.0 per cent target. One of the main reasons for the Fed's decision to cut rates this year has been as insurance against the risks to the economy from the Trump administration's nearly 16-month long trade ...

Business Fiat Chrysler, Peugeot parent in talks to form $50B auto behemoth
Author: 0 Fiat Chrysler, Peugeot parent in talks to form $50B auto behemoth

PSA and Fiat Chrysler now operate a joint-venture to produce commercial vans: the Fiat Ducato, Peugeot Boxer, and Citroen Jumper. PSA Peugeot put out a similar statement. Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot "should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger".

Business United States says Turkey agrees to a ceasefire in Syria
Author: 0 United States says Turkey agrees to a ceasefire in Syria

Speaking after crisis talks with Erdogan in Ankara, Pence said that under the deal all military operations would be paused to allow a pullback of Kurdish YPG militia over a 120-hour period. "Don't be a tough guy". After Pence and Erdogan met at the presidential palace, talks between Turkish and U.S. delegations continued for over four hours - well past their expected duration.

Business Shares slip as US political concerns temper trade optimism
Author: 0 Shares slip as US political concerns temper trade optimism

Japan has seen this movie before in its own struggles with the US over trade policy in the 1980s. Other Chinese companies which trade on US exchanges, including Huya Inc., a live videogame streaming platform, electric-car maker Nio Inc., iQiyi Inc., a Netflix-type service, internet business Baidu Inc.

Business Big GST sop for small businesses as rates cut, compliance burden eased
Author: 0 Big GST sop for small businesses as rates cut, compliance burden eased

The effective tax rate will be around 17%. The government said this increased surcharge shall not apply on capital gains arising on sale of equity share in a company or a unit of an equity oriented fund or a unit of a business trust liable for securities transaction tax, in the hands of an individual, HUF, AOP, BOI and AJP.

Business Iran threatens 'all-out war' if U.S. strikes
Author: 0 Iran threatens 'all-out war' if U.S. strikes

Iran denies involvement in the September 14 attack that initially halved Saudi oil output and which Pompeo earlier called an act of war against the world's largest oil exporter. Iraq's Foreign Ministry said on Thursday it would not join the global maritime mission, the Iraqi state news agency reported. He said on Wednesday he will increase financial sanctions on Tehran over the attack.