Forecasts & opinions
Fiat Chrysler withdrew its proposal to merge with French automaker Renault due to the lack of political conditions that would ensure a successful deal.
The talks between the two automobile companies have been going on since May and after a series of late-night meetings, the French government requested a vote for or against the merger to be delayed.
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- ECB's Coeure: Central bank has instruments and we've shown that we're ready to use them
- British Chambers of Commerce (BCC) trims UK growth outlook
- UK house prices rise slightly In June - Rightmove
- China central bank injects funds, second phase of RRR cut takes effect