General Motors and South Korea’s LG Chem plan to invest a combined $2.3bn in a joint venture to build a new battery plant in the US, as the automaker prepares to ramp up production of electric vehicles.
Blackstone is considering a bid for the UK student accommodation company IQ, people familiar with the matter said, in a deal that could be worth as much as £4bn and would further expand the private equity giant’s real estate footprint.
The two-year recession in German industry is showing few signs of ending after orders in the country’s manufacturing sector fell more than expected in October with a further shrinkage expected in November.
Euronext, the exchanges operator, has made its second deal in northern Europe in a year with an €84m cash purchase of a controlling interest in Nord Pool, a power trading venue that competes with Nasdaq and Deutsche Börse.
India’s central bank left its benchmark interest rate unchanged on Thursday as policymakers grapple with the need to boost a slowing economy while curbing a rise in inflation that risks spurring social unrest.
Slack’s shares recovered some lost ground late on Wednesday after the workplace messaging app reported stronger revenue growth in its latest quarter and issued a positive forecast for the rest of its fiscal year.
German-Russian relations have been plunged into crisis after German federal prosecutors said there were “sufficient indications” that Moscow was behind the murder of a Chechen rebel in a Berlin park in August.
Expedia’s chief executive and chief financial officer have resigned after clashing with its board over an “ambitious” reorganisation plan that weighed heavily on the travel booking group’s recent results.
Business activity in the UK’s dominant services sector suffered its sharpest fall in eight months in November, according to a survey, heightening fears that continued political uncertainty will mean the economy contracts in the last quarter of 2019.
Bridgewater’s co-chief executive Eileen Murray is exiting the giant hedge fund, leaving former Treasury official David McCormick in charge of the $160bn investment group founded by Ray Dalio after a longstanding, convoluted succession drama.
Cofco International, the trading arm of the Chinese state-run food group, is conducting an internal review of its Brazilian operations after it placed two of its leading executives in the Latin American country on leave.
John Elkann, scion of the Agnelli industrial dynasty and chairman of Fiat Chrysler Automobiles, is to acquire Italy’s leading media group after striking a deal with the billionaire De Benedetti family.