Tuesday Mar 4
Peugeot Citroen: Profitable in Europe in Jan-Feb
PSA Peugeot Citroen S.A. was profitable in Europe in the first two months of this year now that the automobile market has stabilized after its six-year plunge, the French car maker's incoming chief executive said Tuesday.
Green Car Congress
Dongfeng Motor Group deepens partnership with Peugeot with $1.1B stake, new industrial plan
China's Dongfeng Motor Group will invest at least 800 in France-based PSA Peugeot Citroen as part of a 3-billion capital increase newly approved by PSA's board.
European Stocks Mixed After U.K. Jobless Data
European stock markets traded mixed on Wednesday, with the benchmark index moving lower, while U.K. stocks rose after worse-than-expected unemployment figures eased pressure on the Bank of England to raise interest rates.
Deals of the day- Mergers and acquisitions
** Royal Dutch Shell Plc has sold its downstream Australian assets to Dutch-owned oil trader Vitol SA and the Abu Dhabi Investment Council for about A$2.4 billion , The Australian Financial Review reported.
Peugeot signs Dongfeng rescue deal
Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company.
European Markets Gain
The FTSE edged up 0.2%. The CAC 40 Paris gained 0.4% while the German DAX was up 0.3%.