WASHINGTON— As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives.» Read More
*Continental to pay higher 2013 dividend of 2.50 euros. FRANKFURT, March 6- German auto parts and tyre maker Continental is considering further acquisitions, weeks after announcing the purchase of U.S. rubber firm Veyance Technologies for 1.4 billion euros.
Elmar Degenhart, Continental CEO, says the group is optimistic on North America and Asia but expects currency headwinds to remain strong in 2014.
Marc Henry, CEO of Michelin, comments on the group's results which were boosted by a pick-up in demand in U.S. and Europe but suffered from currency headwinds.
Pete Selleck, chairman and president of Michelin North America, explains why the group has decided to open its ninth plant in South Carolina and its strategy behind new facilities.
Wolfgang Schafer, Continental's CFO, discusses the impact the strong euro had on the group's results and says the European car market is stabilizing, albeit "on low volumes."
The CEO of Pirelli, Marco Tronchetti Provera, said that Europe needed a "common policy" to boost its economy.
Marco Tronchetti Provera, chairman at Pirelli Group, comments on the group's performance and says it has "all the tools to deliver," including new products and efficiency measures.
Christopher Chan, President Director of Southeast Asia's largest tire maker, Gajah Tunggal, speaks about the impact of a potential TPP deal on its business in Indonesia.
Europe remains difficult terrain, according to Pirelli, with the company focussed on the premium sector.
Marco Tronchetti Provera, chairman of Pirelli, tells CNBC that they are seeing small signs of recovery in Europe, especially in the premium sector.
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
The world's biggest tire maker Bridgestone reported its earnings today, setting a record profit for the first half. Sachiko Kishida reportd
Maurice Taylor, CEO of Titan, discusses his first Russian acquisition and the difficulties of running a business in France as the government has "no idea" of what to do.
The acquisition would create the world's seventh largest tire company, reports CNBC's David Faber.
Workers at a dying French tire factory who have become the butt of American jokes staged a last-ditch protest to save their jobs.
The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.
Michelin CEO, Pete Selleck discusses his company's new plant in South Carolina and the 500 jobs it will provide.
Despite the lingering debt crisis and an incubating recession in many nations of the European Union, many global companies say they are maintaining or even increasing their investments in the euro zone and elsewhere on the Continent. The NYT reports.
The bulls are betting that Titan International is ready to run.
See the top 10 ad icons of the 20th century as compiled by AdAge.com and recognizing "those images that have had the most powerful resonance in the marketplace."