>> Shares in Renault rose by almost 5% on Thursday after renewed media reports that the French carmaker is in talks with Nissan. The two companies have been longstanding allies, but the potential merger would mean they would trade as a single stock. Earlier this month, sources told Reuters that Nissan would acquire the bulk of the French state's 15% stake in Renault as a prelude to a merger.
But any moves by France to sell most of its Renault stake could be politically risky for French President Emmanuel Macron. A spokesperson for the Renault-Nissan Alliance refused to comment on these reports, claiming they were based on rumor and speculation. But that hasn't stopped investors reactive positively.