As China’s central bank devalues the country’s currency for the second time in two days, one sector is expected to be hit the hardest: luxury.» Read More
The news out of Tokyo that Toyota eclipsed General Motors in 1Q sales is likely to elicit the usual round of "Detroit is dying" stories in the media. However, this news is not a surprise and does not mean Detroit is dead. Are the Big Three struggling to find their way domestically and globally? You bet.
Randy Baseler, marketing vice president for Boeing Commercial Airplanes, told CNBC’s “Squawk Box” that worldwide response to the company’s new 787 Dreamliner is “far beyond our expectations.”
At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.
Financial analysts cheered Sunday's presidential elections in France, which will result in a runoff vote on May 6 between right-wing candidate Nicolas Sarkozy and socialist rival Segolene Royal.
French presidential candidates Nicolas Sarkozy and Segolene Royal went back to the campaign trail on Monday as they battled for votes from the undecided centre ground that will be key to their May 6 runoff.
There are few cities that match the beauty of Paris in the Spring. My trip here to cover the first round of the Presidential election has reminded me again of its seductive powers. Even better that one of the highest voter turnouts in French history has been accompanied by glorious sunshine.
“M&A is going to continue, but the big driver is going to be earnings … it’s the heaviest week of earnings and that will dominate,” said Patrik Schowitz, European Equity Strategist at HSBC.
In just a few hours, France will hold its breath. No more public appearances for the candidates for president, no more polls, no more politics in the media. By law, none of this will be authorized after midnight Friday, Paris time. Like an athlete before an important competition, 43 million French voters are invited to an ultimate moment of concentration.
Russia's Gazprom has shortlisted four firms for a project to build a liquefied natural gas plant on the Baltic Sea and will pick one or two equity partners in July, an executive said on Thursday.
It’s probably the worst-kept secret in Paris. Most of the French CEOs will vote for Nicolas Sarkozy on Sunday. But still it has to remain a secret. You never know, should Ségolène Royal become the next president, it could hurt your business and damage your relationship with the government.
Dutch-Belgian bank Fortis said on Wednesday that it has met with the Dutch central bank (DNB) to discuss its joint ABN takeover offer with the Royal Bank of Scotland and Banco Santander.
As part of the French electoral game, candidates always seal some sort of alliance -- often secretly -- between the two rounds of the Presidential election. But this time the deals are made openly, and even before the first round, which reinforces the feeling that this election may have something special.
Since this morning, Sarkozy and Royal are neck-and-neck again in the race for the French presidency, both credited with 50% of the votes at the second round of the election, according to a CSA opinion poll.
Dutch brewer Heineken said on Tuesday it expected to be fined by the European Commission on Wednesday for violating competition laws.
Eurostar, the passenger train service linking London and mainland Europe, set a target on Tuesday to cut CO2 emissions by 25% per passenger by 2012.
The European banking sector saw momentum on the back of the potential takeover of Dutch bank ABN Amro. A consortium of Royal Bank of Scotland, Santander and Fortis could potentially outbid the current bid from British bank Barclays.
Euro-zone inflation rose to 1.9% for March, the European Union's statistics agency said Monday.
Dutch bank ABN AMRO does not plan to open its books to a trio of its European rivals who may gate-crash ABN's $85-billion-plus takeover talks with Barclays, and the consortium's interest could speed up Barclays' courtship process.
Speculation is growing that Britain's Barclays may abandon its bid for the Dutch bank ABN Amro, CNBC’s Maria Bartiromo reported. Barclays is due to finalize its bid for ABN next week, Bartiromo said, "but sources tell me there is a chance Barclays will pull out" because of "past liability concerns over past money-laundering questions."
Finland's annual inflation rate surged to 2.6 percent in March, the highest figure in almost six years, the government statistics agency said Friday.