BEIJING China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency's weakness amid the escalating bilateral trade row.
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MILAN New Fiat Chrysler boss Mike Manley faces the task of executing his predecessor's plan to boost production of SUVs and catch up on electric cars to keep the world's seventh-largest carmaker competitive in the absence of a merger.
DUBAI Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC , possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters.
LONDON Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand.
HONG KONG BOC Aviation Ltd said on Monday it would buy 17 new Airbus A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices.
SHANGHAI/HONG KONG China's biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said.
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