Bloomberg Blackstone Group Inc has promoted Amit Jain as its senior managing director and one of its partners in India as the investment giant expands in Asia’s third largest economy. Representative for Blackstone confirmed an earlier Bloomberg News report on Jain’s appointment, which will be effective from January 1. Jain, who joined the investment firm in 2010, is a managing ...

Bloomberg Just when German factories appeared to be exiting a yearlong slump that battered the country’s economy, it worsened again. The last surveys of purchasing managers for 2019 highlight the dire state of industry in Europe’s largest economy, which was one of the largest drags on the 19-nation euro zone this year. There were also disappointing numbers out of France ...

Bloomberg PSA Group has secured the backing of one of its major shareholders, the French government, for its plan to merge with Fiat Chrysler Automobiles NV, according to people familiar with the matter. The French state, which holds roughly 12% in PSA and has board representation, is supporting a binding memorandum of understanding that could be approved this week, said ...