Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
Finland's Kone is considering teaming up with a private equity partner to pull off a bid for Thyssenkrupp's elevator business, three people familiar with the matter said.
LONDON: The British pound topped US$1.23 on Thursday (Sep 5), hitting a one-month peak as the prospect of a "no deal" Brexit seemed to fade after a series of parliamentary votes tore up Prime Minister Boris Johnson's hardline stance. Sterling rose to its its highest level since Jul 29, having as...
Paxos Trust Company will launch the first regulated, gold-backed digital token and later this month will debut a stablecoin pegged to the U.S. dollar, after getting approval from New York regulators on Thursday.
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to US$4 billion, marking the U.S. firm's exit from production in the country after more than a century, three sources familiar with the matter said on Thursday.
U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
Macy's Inc said on Thursday it aimed to save US$400 million to US$550 million annually in the next two to four years, as the department store chain cuts back on discounts, sending its shares up 5per cent in mid-day trading.
Sony launched the Xperia 5, a slimline version of its flagship smartphone, at the IFA consumer electronics fair in Berlin on Thursday as it seeks to strengthen its appeal to its niche audience of video, film and music lovers.
Shares of Slack Technologies Inc tumbled 14per cent, wiping out nearly all their gains since the company's listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition.
Facebook Inc is launching dating services in the United States, the social network said on Thursday.
