Bloomberg PSA Group Chief Executive Officer Carlos Tavares will meet with government leaders in the UK and France this week to discuss the potential purchase of General Motors Co.’s Opel and Vauxhall brands. Tavares will meet French Economy Minister Michel Sapin morning and UK Prime Minster Theresa May at a date that hasn’t yet been announced. To win support ...

  Bloomberg Britain will borrow less than forecast this year after the economy defied the doomsayers following the vote to leave the European Union, according to EY ITEM Club. Surprisingly strong tax receipts should limit the deficit to about 65 billion pounds ($81 billion) in the fiscal year through March, 3 billion pounds less than officials predicted in November, the ...

  Bloomberg Formosa Plastics Group is seeking permission from the US state of Louisiana to invest $9.4 billion to build petrochemical plants. The Taiwanese chemicals producer is waiting for the US state’s authorization for construction of the facilities in St. James, according to Lin Keh-Yen, executive vice president of Formosa Petrochemical Corp. The group also plans another $5 billion investment ...