Breakingviews – Fiat can’t wait forever for Renault to sort itself

LONDON (Reuters Breakingviews) – The collapsed 36 billion euro marriage of carmakers Renault and Fiat Chrysler Automobiles still makes a lot of sense. Yet that becomes less true with every day that passes. Fiat Chairman John Elkann withdrew his merger offer in June after the French state signalled it wanted Renault, in which it owns a 15% stake, to sort […]

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Attack on Saudi a "real test" of global will to act – crown prince

RIYADH, Sept 18 (Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday the attack on the kingdom’s oil infrastructure posed a “real test of the global will” to confront subversive acts that threaten international stability, state media reported. His remarks were made in a telephone call with South Korean President Moon Jae-in, who called on the global […]

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Adobe Systems Q3 Results Beat Street, But Shares Down 4% On Weak Outlook

Enterprise software maker Adobe Systems Inc. (ADBE), Tuesday reported a profit and revenues for the third quarter that trumped Wall Street estimates. However, outlook for the fourth quarter were below current expectations, sending its shares down 4% in after-hours trade. San Jose, California-based Adobe’s third-quarter profit rose to $792.8 million or $1.61 per share from $666.3 million or $1.34 per […]

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Wells Fargo tests cryptocurrency for internal transactions

(Reuters) – Wells Fargo & Co (WFC.N) said on Tuesday it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time. The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments within […]

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SECO Cuts Swiss Growth Forecast On Slowing Global Economy, Uncertainty

Switzerland’s economic growth forecast for this year was slashed on Tuesday, as the country’s exports and investment are being hurt by a slowing global economy and high uncertainty. The growth forecast for this year was cut to 0.8 percent from 1.2 percent predicted in June, the State Secretariat for Economic Affairs said in a report. The GDP growth projection for […]

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