Exor says to vote in favour of CNH-Fiat Industrial merger

MILAN Tue Dec 11, 2012 2:43am EST

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MILAN Dec 11 (Reuters) - Italy's Exor said on Tuesday it had signed an accord to vote in favour of the merger between CNH Global and Fiat Industrial, of which it owns a stake of 30 percent.

The Italian tractor maker and its U.S. unit agreed to merge last month to create the world's No.3 capital goods company by sales, with the enlarged group listing in New York where sector valuations are higher than in Europe.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.