PSA Peugeot Citroen is considering stake sales to Dongfeng Motor Corp. and the French government to shore up funding as car sales in Europe plunge to a 20-year low, people familiar with the matter said.
Asian stocks rose this week, sending the benchmark index to its biggest advance in three weeks, amid optimism U.S. lawmakers would make a deal to raise the nation’s borrowing cap and avert a default. Japanese shares advanced as the yen weakened.
Barclays Plc, the U.K.’s second- largest lender by assets, appointed John Miller to the newly created role of head of banking for the Americas and named Paul Parker to oversee mergers and acquisitions globally.
President Francois Hollande’s government sought to show the European Commission it’s serious about public-spending cuts with its 2014 budget today, after changes to the pension system failed to impress.
Blackstone Group LP, one of the largest U.S. office owners, bought the Hughes Center complex in Las Vegas for $347 million in a bet on growth in the Nevada economy, said two people with knowledge of the purchase.