Tag Archive for Assets

Fiat Cuts Spending as Peugeot Sells Assets as Sales Slump – Bloomberg

Fiat SpA (F) will cut investments in Europe by 500 million euros ($632 million) and PSA Peugeot Citroen plans to sell a larger stake in its trucking unit as the region’s automakers grapple with an extended market slump… Peugeot, Europe’s second-biggest carmaker, plans to sell at least 50 percent of its profitable Gefco trucking unit,…

French bank transfers assets from Greek subsidiary – Full story

French bank transfers assets from Greek subsidiary (via AFP) French bank Credit Agricole has taken control of assets in Albania, Bulgaria and Romania of its Greek subsidiary Emporiki Bank, it said in a statement, amid concern over a possible Greek euro exit. “This intra-group transaction is the last step of a process developed since the…

Europeans Flock To Buy New York Real Estate – International Business Times

Affluent citizens from France, Britain and other European nations who are concerned about their euro-denominated assets as the euro zone’s sovereign debt crisis worsens are flying to buy one of the world’s most stable investments: Manhattan real estate… With the island’s limited supply and international prestige, New York’s condo values — underpinned by the strong…