Business

EU Regulators To Decide On Apple, Beats Deal By July 30

European Union antitrust regulators will decide by July 30 whether to clear Apple Inc's $3 billion bid for music streaming and audio equipment company Beats, the European Commission said on Wednesday. IPhone maker Apple unveiled the deal last month, which...

Japan Bets Big On Making Fuel-Cell Cars A Near-Future Reality

Japan's government and top carmakers, including Toyota Motor Corp, are joining forces to bet big that they can speed up the arrival of the fuel cell era: a still costly and complex technology that uses hydrogen as fuel and...

Subdued Ifo Takes M&A Shine Off European Stocks

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European stocks and major currency and bond markets struggled for direction on Tuesday, underpinned by manufacturing data from China, Japan and the United States the previous day but unnerved by growing signs of economic weakness in Europe. Germany's Ifo index...

Exclusive: Iran Seeks To Resolve HSBC Freeze On Some Trade Financing – Sources

Iran is lobbying to get HSBC (HSBA.L) to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters. Banks such as HSBC are responding...

Exclusive: India Likely To Extend Price Caps To More Drugs – Sources

The government of India is likely to raise the number of drugs deemed essential and subject to price caps, people directly involved in the process said. A panel formed by India's health ministry is meeting for the first time on...

Switzerland Prepares List Of Indian ‘Black Money’ Holders

The Swiss government has prepared a list of Indians who have parked un-taxed wealth in Swiss banks and the details are being shared with India. Correspondents say it is a major boost to India's fight against illicit money. India recently set...

Gloomy French Data Hits European Stocks, Iraq Keeps Oil High

European stocks fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar. Brent crude oil prices rose towards...

Honda, Others Recall Another 2.9 Million Vehicles Over Air Bag Flaw

Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years. The series of...

Apple, Google, Samsung Vie To Bring Health Apps To Wearables

For decades, medical technology firms have searched for ways to let diabetics check blood sugar easily, with scant success. Now, the world's largest mobile technology firms are getting in on the act. Apple Inc, Samsung Electronics Co and Google Inc,...

Alstom: GE And French State Agree To Work On New Offer

The bid battle for France's Alstom has shifted in favour of General Electric. France's economy minister Arnaud Montebourg said that neither the GE bid, nor a joint Siemens-Mitsubishi Heavy Industries offer, met the government's demands. But the government had chosen to...