Italy says Fiat-Chrysler deal premise to complete planned investments
MILAN (Reuters) - Italy's industry minister said on Thursday Fiat's $4.35 billion deal to gain full control of Chrysler Group LLC was a premise for it to complete investments it had already planned in Italy.
"The agreement is the premise for the new Fiat-Chrysler group to further consolidate its position in Europe and internationally, putting the factories, know how and Italian technology at the center of its growth strategies," Industry minister Flavio Zanonato said in a statement.
Fiat has said it plans to build Jeeps and a new line of Alfa Romeos in Italy for export to markets in Asia, Latin America and the United States to offset flagging demand in crisis-hit Italy and to conserve jobs.
NEW YORK - U.S. stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China.
HELSINKI - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.