General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly CUS$1 billion (US$785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans.
Credit card firm Capital One Financial Corp has been fined US$390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on Friday.
Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
In another action against China days before he leaves office, U.S. President Donald Trump on Friday directed government departments to look at ways to minimize procurement of Chinese goods and services to reduce the risks from espionage, his national security adviser said.
In the climate debate, calculating which economies should bear bigger responsibilities is an impossible task. Focusing on how countries can reduce their carbon footprint together may be a more productive focus for the climate action agenda, says SUSS’ Koh Tieh Yong.
Canada's Alimentation Couche-Tard has dropped its 16.2 billion euro (US$19.6 billion) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.
POPPING open a bright-red hongbao and pulling out crisp new bank notes has been a traditional Chinese New Year (CNY) experience for many people across Singapore, but that's due to change this year.
Wall Street's main indexes dropped on Friday, with the biggest drag coming from big U.S. banks after their earnings reports while the energy sector was also weighed down by a regulatory probe into Exxon Mobil Corp.
Canada's Alimentation Couche-Tard has dropped its bid to acquire European retailer Carrefour SA after its takeover proposal ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.
Dating app Bumble on Friday made public its regulatory filing for an initial public offering, as it looks to cash in on a record boom in capital markets.
