PSA Peugeot Citroen Chief Executive Officer Philippe Varin is seeking to improve the company’s financial ratios and increase its market value, and doesn’t exclude the possibility of a global alliance once this has been achieved, French daily La Tribune reported.
China blocked formation of a global alliance by the world’s three biggest shipping lines, ignoring Western approval of the plan and sending A.P. Moeller-Maersk A/S shares tumbling the most in two years.
U.S. stocks rose a third day, the dollar gained and Treasuries fell the most in two weeks, after data showed U.S. inflation quickened as the Federal Reserve begins a policy meeting. Crude slid from an eight-month high.