Business

Airbus parent EADS (EAD.PA) will not chase growth at any cost and will avoid investing in areas where growth looks shaky or inaccessible, the company's strategy chief said on Thursday. The company, which is in the process of selling its...

French carmaker PSA Peugeot Citroen (PEUP.PA) unveiled a 1.1 billion euro ($1.52 billion) writedown at its ailing overseas operations and won General Motors (GM.N) backing for a tie-up with China's Dongfeng. Peugeot and GM also lowered savings goals for their...

Global equities slipped to a one-month low on Thursday after a provisional budget deal in Washington prompted speculation the Federal Reserve policymakers will start trimming its stimulus as early as next week. "The chances of them doing something next week...

State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a consortium of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion). The deal is the latest in a...

Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months. News that U.S. budget negotiators had reached a two-year agreement couldn't overcome the year-end...

Abu Dhabi's Etihad Airways is looking at the data room of Alitalia and is expected to take a decision on whether to invest in the troubled Italian carrier by Christmas, two sources familiar with the matter said on Wednesday. Alitalia...

Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks' ownership stake in hedge funds and private equity funds. The final version of the Volcker rule,...

Britain's financial watchdog imposed a record 28 million pound ($46 million) fine on Lloyds Banking Group for the way it encouraged staff to sell 2 billion pounds of products that customers did not need. The probe covered the sale of...

Stocks fell on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. The Dow Jones industrial average .DJI fell 52.27 points...

General Motors Co Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker. The company said on Tuesday that...