Archives

PSA Peugeot Citroen and Dongfeng to develop small-car platform

PSA Peugeot Citroen (PEUP.PA) and China's Dongfeng Motor Group (0489.HK) will spend 200 million euros ($216 million) to develop a technology platform for small cars that will help to give them more products to boost sales in southeast Asia and China.


Foreign automakers double down on China bets despite slowing growth

Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.

China makes big cut in bank reserve requirement to fight slowdown

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

For short-sellers in U.S. stocks, the agony just piles on

In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. More than a year later, he's still waiting to launch that fund.


Latest News

Rick Osterloh, Motorola's President, revealed the company's plans about the latest iteration of Motorola X. As part of Twitter's #AskRicko initiative, Osterloh answered the question as to when the timeframe for the third generation Moto X will be released.
What are the latest Castle season 8 renewal/cancellation news? Find out in this article what will happen to the cast and the showrunner.
Update yourself on Samsung gadgets 2015 releases by reading on reviews as well as units which are expected to come about some time this year.
Find out if Red Dead Redemption 2 will arrive this 2015 or if Rockstar will be delaying it in order to pursue other games or a different sequel.
What is the Agent Carter latest update? Find out if the series will push through for a second season and what Marvel has in store next.
German Finance Minister Wolfgang Schaeuble said on Saturday he was happy over a report that Greece was poised to sign a gas deal with Russia, though he added it would not solve the cash-strapped euro zone nation's economic problems.
A bill that would stop Texas cities from enacting their own bans on hydraulic fracturing in the nation's top crude oil and natural gas producing state was approved on Friday in the state House of Representatives.
China’s gross domestic product growth has slowed to 7 percent, it was announced this week. That’s somewhat anaemic when compared to what the world has come to expect from the second-largest economy.
The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters.
Financial technology company SunGard Data Systems Inc is preparing to appoint financial advisers to explore a sale that could value it at as much as $10 billion, including debt, people familiar with the matter said on Friday.