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  • MILAN/ PARIS, July 21- Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday. The boards of Fiat Chrysler, Ferrari and CNH Industrial, the truck and tractor maker Marchionne also chairs, were...

  • ROME— The boards of Fiat Chrysler, Ferrari and CNH Industrial were called to urgent meetings Saturday in Italy in light of executive Sergio Marchionne's recent surgery and prolonged convalescence. The 66- year-old Italian-Canadian holds multiple leadership roles in the companies, notably as CEO of FCA— Fiat Chrysler Automobiles. He is also chairman of CNH...

  • MILAN/ PARIS, July 21- Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, sources said on Saturday. The boards of carmaker FCA, Ferrari and CNH Industrial, which Marchionne also chairs, were meeting on Saturday and may name his successors...

  • FIAT CHRYSLER, FERRARI, CNH INDUSTRIAL BOARDS MEETING ON SATURDAY, EXPECTED TO NAME MARCHIONNE SUCCESSORS- SOURCES.

  • SERGIO MARCHIONNE, CEO OF FIAT CHRYSLER AND FERRARI, STEPPING DOWN PERMANENTLY AFTER SERIOUS COMPLICATIONS FROM SURGERY- SOURCES.

  • Concern in White House over intelligence chief's Russian summit surprise WASHINGTON- While U.S. President Donald Trump defended his efforts to build a relationship with Russian President Vladimir Putin, aides said on Friday there is some frustration that the U.S. intelligence chief did not know about plans for a second summit and they hope that meeting will...

  • RIYADH, July 20- Saudi Aramco's potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview. The offering is the centerpiece of an ambitious plan championed by Crown Prince Mohammed bin Salman to diversify Saudi Arabia's...

  • MILAN, July 21- The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said. The report, citing unnamed sources familiar with the matter, also said Louis Carey Camilleri, a Ferrari board member and...

  • China is already Africa's largest trading partner, and it opened its first military base on the continent last year in the Horn of Africa nation of Djibouti, which this month launched a China- backed free trade zone it calls the largest in Africa. After surpassing the U.S. in arms sales to Africa in recent years, China this month hosted dozens of African military...

  • MILAN, July 21- The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said. The report, citing people familiar with the matter, also said Louis Carey Camilleri, a Ferrari board member and former...

  • BEIJING, July 21- Production cuts in China's mammoth steel sector will vary from mill to mill next autumn and winter, said an environmental ministry official, as the country shifts away from a' one size fits all' approach to fighting pollution. "This year, production curbs will definitely be differentiated based on the emission level at each steel mill," Liu...

  • RIYADH, July 20- Saudi Aramco's potential acquisition of a stake in petrochemicals maker SABIC would affect the time frame of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview transcript. The offering is the centerpiece of an ambitious plan championed by Crown Prince Mohammed bin Salman to diversify Saudi...

  • July 20- Coinbase has formed a political action committee to raise money to spend on U.S. elections, the cryptocurrency exchange said http://docquery.fec.gov/cgi-bin/forms/C00680355/1243300# SUMMARY in a filing made public on Friday. Coinbase's newly established PAC had not yet raised money as of June 30. In May, Coinbase said it would revamp its trading...

  • SAN FRANCISCO/ WASHINGTON, July 20- Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs. Toyota Motor North America, a subsidiary of Japan's Toyota, which could suffer if Trump follows through on a plan to impose tariffs...

  • The verdict against Joel Gilbert, a partner with Balch& Bingham law firm, and Drummond Co. Vice President David Roberson was announced after a four-week trial. Oliver Robinson to oppose the Environmental Protection Agency's expansion of a Superfund site and prioritizing the site's expensive cleanup. Attorney Jay Town said after the verdict that the case was...

  • Federal Reserve Today in Washington. 23- Jul Belgium OLO Auction 24- Jul Japan Auction of 40- year government bonds 24- Jul United States Sale of 2- year notes 25- Jul Germany Auction of 5- year Federal notes 25- Jul United States Sale of 2- year floating rate notes 25- Jul United States Sale of 5- year notes 26- Jul Italy Zero coupon/BTPi auction 26- Jul Japan...

  • **BUENOS AIRES- IMF chief Christine Lagarde and Argentina's economy minister, Nicolas Dujovne, hold joint news conference in Buenos Aires. **BUENOS AIRES- Mexican Finance Minister Jose Antonio Gonzalez Anaya travels to Argentina for the 2018 G20 Buenos Aires summit during which finance ministers and central bank governors will set an agenda on global growth,...

  • MONDAY, JULY 23 LONDON BoE Deputy Governor Monetary Policy Ben Broadbent: Speech to the Society of Professional Economists, London 1700 GMT. FRANKFURT- The European Central Bank releases monthly data on lending and money supply 0800 GMT. FRANKFURT- ECB President Mario Draghi holds a press conference, after the interest rate meeting- 1230 GMT.

  • SAO PAULO, July 20- The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business." Treasury in April imposed sanctions against billionaire Oleg Deripaska and the eight companies in which he is a large shareholder,...

  • WASHINGTON, July 20- U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea. Lawmakers from both parties have been at odds with President Donald Trump over his decision last week to lift his earlier ban on U.S....