Business

Euro Zone Recovery Accelerates More Than Expected In Fourth Quarter

The euro zone economy grew more than expected in the last quarter of 2013 thanks to stronger expansion in its biggest countries France and Germany, the first estimate from the European Union's Statistics Office showed on Friday. The economy of...

VW Sales Gain In Europe, Help To Offset Falls In U.S., Brazil

Volkswagen (VOWG_p.DE) group sales grew at the highest rate in four months in January as deliveries in core European markets bounced back, offsetting double-digit declines in the United States and Brazil. Sales of passenger cars, sport-utility vehicles and vans increased...

Japan Seen Posting Record Trade Deficit In January As Import Bill Soars

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Japan is expected to post a record trade deficit in January as a weak yen pushes up the cost of imports and as export demand slows in a cautionary note about the economic outlook, a Reuters poll showed. The trade...

Italian Leadership Squabble Weighs As Shares Halt Hot Run

World shares stepped back from three-week highs on Thursday, as a five-day run of gains fuelled by assurances from major central banks about their supportive policies came to a halt. In Europe, the fading momentum was compounded by fresh political...

Comcast To Buy Time Warner Cable For $45.2 Billion: Sources

Comcast Corp is buying Time Warner Cable Inc for $45.2 billion in an all-stock deal, combining the nation's two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after months of public...

Nestle Says Will Detail Share Buyback When L’Oreal Deal Closes

Nestle (NESN.VX) will disclose details of a planned share buyback when the sale of an 8 percent share in L'Oreal (OREP.PA) closes, its chief financial officer told investors on Thursday. Nestle said on Tuesday it was reducing its stake in...

Peugeot And Dongfeng Reach Outline Deal: Sources

PSA Peugeot Citroen (PEUP.PA) has reached an outline deal with Dongfeng (0489.HK) and France to raise up to 4 billion euros ($5.5 billion) in fresh capital and deepen cooperation with the Chinese carmaker, sources familiar with the matter said. The...

Upbeat China Trade Report, Yellen Buoy Risk Assets

Asian shares rallied for a fourth straight session on Wednesday, as upbeat trade data from China and an optimistic economic outlook from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk. The cheer was expected to spread to Europe,...

Alibaba Share Sale Values The China E-Commerce Firm At $128 billion

A rare sale of a stake in Alibaba Group Holding (IPO-ALIB.N) values China's dominant e-commerce company at around $128 billion, Reuters calculations show. Alibaba is expected to go public later this year in the world's biggest listing since Facebook Inc's...

Microsoft Denies Global Censorship Of China-Related Searches

Microsoft Corp denied on Wednesday it was omitting websites from its Bing search engine results for users outside China after a Chinese rights group said the U.S. firm was censoring material the government deems politically sensitive. GreatFire.org, a China-based freedom...