French government blamed for failed Renault deal

Milan, Paris (Bloomberg): Fiat Chrysler Automobiles NV abruptly withdrew its offer to combine with Renault SA after the French carmaker’s board – on the brink of approving the deal – postponed a decision for a second time. Fiat’s move, upending a deal that would create the world’s third-largest automaker, came after Renault directors ended an […]

IMF trims China growth prospects over trade issues

Beijing: The International Monetary Fund (IMF) has cut its 2019 economic growth forecast for China to 6.2 per cent on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-US trade war escalates. The downgrade came just two months after the IMF raised its forecast to 6.3 per […]