Auto giants battle used car dealers for Africa’s huge market
JOHANNESBURG/NAIROBI (Reuters) – At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers. Imported from Japan or…
EU antitrust policy under fire after Siemens-Alstom deal blocked
BRUSSELS/ZURICH (Reuters) – Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an…
Caterpillar stock slides on profit miss, China sales forecast
(Reuters) – Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs, sending shares of the heavy machinery maker tumbling as much…
Siemens: Key to have dialogue based on trust with EU about Alstom deal
FILE PHOTO: Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom, and Siemens President and CEO Joe Kaeser attend a news conference to announce their deal to merge their rail…
France, Germany step up pressure over Alstom-Siemens deal
PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European…
EU must approve Siemens/Alstom deal, says French finance minister
FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich’s railway station June…
Trump’s attorney general nominee to recuse from AT&T-Time Warner appeal
WASHINGTON (Reuters) – William Barr, nominated by President Donald Trump to become U.S. attorney general, plans to recuse himself from a major antitrust case, according to people who spoke with…
U.S. environmental agency says in talks with Volvo over emissions issue
STOCKHOLM (Reuters) – The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with catalytic converters causing…
Tariffs threaten market-leading tech, consumer stocks
NEW YORK (Reuters) – U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect,…
Factbox: Tributes paid to former Fiat Chrysler CEO Marchionne
(Reuters) – Former Fiat Chrysler Chief Executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery. The carmaker’s controlling…