Business

Carmakers BMW (BMWG.DE) and Toyota (7203.T) have agreed to develop a joint platform for sportscars, BMW's development chief Herbert Diess told a German newspaper. "We have agreed on a joint architecture for a sports car. What is important is that...

Banca Monte dei Paschi di Siena (BMPS.MI) shares were volatile on Monday after an unprecedented clash between its top executives and main investor delayed a vital cash call at Italy's third-biggest bank. The postponement makes the fundraising riskier and brings...

The securities regulator has asked life insurers to disclose the potential cost of forcibly winding down in-house insurance units known as 'captives,' whose business model has come under regulatory radar, the Wall Street Journal reported. State insurance regulators, which approve...

Japanese shares ended a stellar year with a flourish on Monday, rising to a six-year peak as the yen skidded to fresh lows for a third straight session, again leaving behind other Asian markets. Tokyo's Nikkei .N225 advanced 0.7 percent...

Japan's most influential business lobby has agreed to raise workers' base pay for the first time in six years as the economy gains momentum and corporate earnings improve, the Asahi newspaper reported on Sunday. Many economists say an increase in...

Japanese automakers will ramp up production early next year because they expect a big increase in car purchases before a sales tax hike in April, media reported on Sunday. Toyota Motor Corp (7203.T) will increase domestic output in January-March by...

For investors in internet stocks, it was a banner year: shares of many companies doubled as revenue climbed and on forecasts for rip-roaring growth in earnings. But the gains haven't been anxiety-free, thanks to uncomfortable memories of the 1999...

As Wall Street's best year in more than 15 draws to a close, few are expecting a repeat performance in 2014, though traders have plenty of reasons to feel optimistic. While the market will likely enter January quietly, with many...

Alessandro Profumo, chairman of troubled Italian lender Monte dei Paschi di Siena (BMPS.MI), said on Saturday he would decide whether to step down in January. "These are decisions one takes in cold blood and in the right place, I have...

As U.S. and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an attempt to exert greater control over the pricing of the raw materials on which their economies so...