The Swiss franc and Japanese yen rose on Monday as investors headed into safer assets, becoming more cautious that progress was being made towards a comprehensive trade deal between the United States and China.
U.S. private equity firm Thoma Bravo is adding Sophos Group to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion.
Samsung SDI, a manufacturer of the rechargeable batteries under the South Korean conglomerate, is investing in the expansion of its battery cell production facility in God, Hungary.
Chinese auto sales fell in September for the 15th month in 16, extending their worst slump in a generation despite government efforts to support the world’s largest car market.
A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
- China Sept exports, imports in deeper contraction as tariffs take toll (Reuters: Oct 14, 2019 at 6:19 AM)
Porsche is intensifying its battle against Tesla Inc. with the unveiling of a 105,607-euro ($116,590) version of the electric Taycan that’s pitched at a similar price point to the top-line version of the U.S. company’s Model S.
Renault launched the Kwid facelift in India earlier this month for an introductory price of Rs 2.83 lakh (ex-showroom, Delhi).
Year-on-year output of Hungaryʼs automotive sector, a major engine of industrial growth, edged up 2.0% in August, slowing sharply from the previous month, shows a second reading of industrial production data from the Central Statistical Office (KSH) issued Monday.
Brazil’s largest truckmakers are expressing optimism again about the growth prospects for Latin America’s largest economy, even as the country continues to struggle to rebound from a deep recession that began in 2015.
The 78-year-old senator from Vermont, set to take part in Tuesday’s debate in Ohio after a heart attack this month, has sought to differentiate himself from another top contender for the party’s nomination, Senator Elizabeth Warren.