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European companies seek help dealing with activist investor threat

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LONDON European companies are being told by their advisers to open up and engage more with existing shareholders to fend off the increasing threat from activist investors, who force strategy changes to push up a target's share price.

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Blackstone explores IPO of Gates Global: sources

Private equity firm Blackstone Group LP is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.

23 Aug 2017
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Great Wall says watching Fiat Chrysler; no talks yet

HONG KONG/SHANGHAI Chinese automaker Great Wall Motor Co Ltd reiterated its interest in Fiat Chrysler Automobiles NV on Tuesday, but said it had not held talks or signed a deal with executives at the Italian-American automaker.

Budget 2017, Business 22 Aug 2017
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Great Wall says watching Fiat Chrysler; no talks yet

HONG KONG/SHANGHAI Chinese automaker Great Wall Motor Co Ltd reiterated its interest in Fiat Chrysler Automobiles NV on Tuesday, but said it had not held talks or signed a deal with executives at the Italian-American automaker.

22 Aug 2017

Austria, carmakers agree to update software of 600,000 diesel cars

VIENNA Austria's Transport Minister Joerg Leichtfried said on Tuesday he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany after a large-scale emissions scandal.

Tech, Budget 2017, Business 22 Aug 2017
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China's Great Wall confirms interest in Fiat Chrysler

SHANGHAI/WASHINGTON A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale of the storied Jeep brand. | Video

Deals, Tech, Budget 2017, Business 22 Aug 2017
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VW in no hurry to sell assets, investments more important

WOLFSBURG, Germany Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters.

Budget 2017, Business 21 Aug 2017
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Tata Motors CEO says to invest $625 million to boost sales

MUMBAI Tata Motors will invest more than 40 billion rupees ($625 million) to boost sales of its passenger and commercial vehicles, its chief executive said on Monday, as the Indian automaker looks to return to profit in its domestic business.

Business News

Sterlite to invest $1 billion annually in Brazil power lines - source

SAO PAULO India's largest power transmission company Sterlite Power Grid Ventures Ltd will invest around $1 billion per year in the next few years to build power lines in Brazil, a source with direct knowledge of the plan told Reuters on Wednesday.

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Asia stocks brush off Wall Street slide after Trump's comments, dollar revives

SINGAPORE Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump threatened to shut down the U.S. government and end the North American Free Trade Agreement.

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Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'

SEOUL Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said.

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Uber second-quarter bookings increase, loss narrows

SAN FRANCISCO Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching towards profitability.