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  • MILAN, July 21- Fiat Chrysler has named Mike Manley, the head of the carmaker's profit engine Jeep, as its new chief executive, replacing Sergio Marchionne who had to step down after serious complications from surgery, a source close to the matter said. Manley's appointment was first reported by Automotive News. The boards of FCA and sportscar maker Ferrari, where...

  • CAIRO— Egypt has raised natural gas prices for households and businesses by between 33.3 and 75 percent. Saturday's decision, published in the official gazette, should come into effect starting August. Gas consumption of up to 30 cubic meters was raised by 75 percent, 30-60 cubic meter gas consumption by 42.8 percent and consumption of over 60 cubic meters by...

  • CAIRO, July 21- Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 percent, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet. The government statement published in the Official Gazette said that, effective Aug. 1, the price for consuming up to 30 cubic...

  • *Boards meet to discuss successors- sources. 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 FCA, Ferrari and CNH Industrial, the truck and tractor...

  • BUENOS AIRES, July 21- Bank of Japan Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone's benefit. President Donald Trump that Europe and China were manipulating their currencies in favor of their economies. Kuroda also sent hoped debate at the G20...

  • Treasury Secretary Steven Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. On Friday morning, Trump for a second day criticized the Federal Reserve, breaking with a long-standing tradition at the White House of avoiding any influence, real or perceived, on the...

  • Instead, many analysts say they expect the Trump administration to impose more tariffs on China and potentially other key U.S. trading partners. In an interview with CNBC that aired Friday morning, Trump renewed his threat to ultimately slap tariffs on a total of $500 billion of imports from China— roughly equal to all the goods Beijing ships annually to the...

  • LONDON, July 21- London- listed serviced office provider IWG has given three of its four suitors more time to make firm offers or walk away from bids for the company, the firm said on Saturday. TDR Capital, Terra Firma and Starwood Capital now have until Aug. 7 to declare their intentions after IWG asked for a deadline extension from the Takeover Panel regulator.

  • FALL RIVER, Mass.— A mother and a daughter with a love of the macabre have won an online auction to spend a night in the Massachusetts bedroom where Lizzie Borden is thought to have killed her stepmother with an ax. Sara Love, of Bath, New York, tells The Herald-News she paid $425 for a night in the room at the Lizzie Borden Bed& Breakfast in Fall River as a retirement gift...

  • 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...