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Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.
PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday said the U.S. power company's decision to file for bankruptcy was unnecessary, arguing that there was evidence the company was solvent.
Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now.
Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.
Britain is committed to the nuclear power sector, Prime Minister Theresa May's spokesman said on Thursday, after Japan's Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn's arrest.
The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Siemens will not make further concessions to save a rail merger deal with France's Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.
Japan's Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen ($2.75 billion) on its British nuclear unit.
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.
China's Foreign Ministry said on Thursday that proposed U.S. legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to "hysteria", and urged U.S. lawmakers to stop the bills.
China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.
Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
One of China's top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei.
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