Business

Support from a Europe-wide cheap loans scheme that is still on the drawing board offers Portugal a fighting chance of exiting its international bailout successfully, the country's deputy minister for Europe said on Monday. Portugal needs to press ahead quickly...

The cost of closing down a euro zone bank will initially be borne almost fully by its home country, but the obligations of euro zone partners will gradually rise to be shared equitably after 10 years, under the terms...

Asian markets were mostly restrained on Friday as investors fret over the outlook for U.S. policy stimulus, but Japanese stocks forged ahead as the yen slid to a five-year trough on the dollar. The U.S. currency romped up to 103.925...

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,...