Business

Japan's Canon Inc said on Tuesday that it will buy back up to 1.6 percent of its own shares, spending up to 50 billion yen ($490.7 million) between February 19 and April 4. The company last carried out a share...

India's Finance Minister Palaniappan Chidambaram has cut indirect taxes on cars and mobile phones in an attempt to boost economic growth. Mr Chidambaram unveiled the move as he presented the interim budget ahead of this year's general elections. In his speech...

The eurozone's banks are about to get greater insight into the European Central Bank's landmark review of their books, as national experts and their advisers meet in Frankfurt on Monday to hammer down details of the next phase of...

Asian shares built on their recent rally on Monday as worries about emerging markets continued to ebb, sucking the safe-haven support out of the U.S. dollar while giving commodities a lift. Stocks across the region felt the benefit with MSCI's...

Thailand's economic growth slowed significantly in the final quarter of 2013 and the state planning agency cut its forecast for this year because of political unrest that could prevent the formation of a fully functioning government for months. Southeast Asia's...

Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States...

Volkswagen's works council said it would press on with efforts to set up labor representation at its Chattanooga, Tennessee plant, undeterred by a workers' vote against any such step involving the United Auto Workers union (UAW). Employees at the plant,...

In a stinging defeat that could accelerate the decades-long decline of the United Auto Workers, Volkswagen AG workers voted against union representation at a Chattanooga, Tennessee plant, which had been seen as organized labor's best chance to expand in...

Wells Fargo & Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again. The bank is looking for opportunities to stem its revenue decline as overall mortgage lending volume plunges. It believes it has worked through...

Economic growth in Germany and France, the euro zone's two largest economies, marginally exceeded expectations in the fourth quarter and offered hope of a more robust 2014. The euro zone number is due at 5000 AM (1000 GMT) and forecast...