Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers reported on Tuesday.
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world's largest share sale this year.
Alibaba Group's Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world's largest stock sale this year.
Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks.
World stocks hit their highest in almost two years on Tuesday, keeping record highs in sight, following fresh signs that the United States and China were working to end a bitter trade war that has dealt a blow to the global economy.
South Korea's Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market.
French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy program and the boost from its acquisition of Japanese company Clarion, lifting its shares.
Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world's biggest oil users, to agree a preliminary deal to end their trade war.
Alibaba Group's Hong Kong shares closed their first trading session up 6.6% from the issue price after this year's largest stock sale.
Oil prices rose on Tuesday on hopes of progress toward a trade agreement between the United States and China, the world's biggest oil users, and predictions of a draw in U.S. crude inventories.
Just Eat shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with Takeaway.com , saying it believed the combination could create a company worth 1,200 pence a share in little more than a year.
World stocks edged off their highest in almost two years on Tuesday, but kept record levels in sight, following fresh signs that the United States and China were working to end a trade war dragging on the global economy.
Talks with labor representatives on cutting costs at Volkswagen's luxury car unit Audi are making progress, an Audi spokesman said on Tuesday.
How much ride-hailing companies Uber and Lyft charge customers throughout a day is one of the most closely held secrets in Silicon Valley.
Cowen upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share from $800 per share.