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On Monday, reports that Sergio Marchionne prematurely depart from the management of automobile companies Fiat Chrysler and Ferrari caused the fall in company shares by more than 5%, Reuters writes. As reported on Saturday by Fiat Chrysler, Marchionne, who is 66, will not be able to return to his duties after an operation on his shoulder that caused complications in his health. Earlier it was planned that Marchionne would resign in April 2019. The new CEO of Fiat Chrysler is Mike Manley, the head of the Jeep division. The new Chairman of the Board of Directors of Ferrari is John Elkann, Chairman of the Board of Directors of the FCA and heir of the family. Louis Camilleri, member of the Board of Directors, is appointed as the Director General of the manufacturer of sport cars .
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
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