Business

Trump scores a victory as Ford aborts planned Mexico plant

Ford's move came after president-elect Donald Trump attacked rival General Motors.

President-elect Donald Trump on Tuesday notched the biggest victory of his campaign to get automakers to keep jobs in the US when Ford cancelled a $US1.6 billion ($2.2 billion) Mexican expansion, saying it would add positions in Michigan instead.

Italy approves $29b bank bail-out

The troubled Banca Monte dei Paschi di Siena

The Italian government has agreed to bail out Monte dei Paschi di Siena after the world's oldest bank failed to to get a capital increase.

Trump upends $525b program with a single tweet

Donald Trump campaigned against the TPP and China.

President-elect Donald Trump has shaken up years of Pentagon planning, tweeting he has asked Boeing to price a replacement of Lockheed Martin's F-35, the most expensive US weapon system ever.