Business

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...

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...

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 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...

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 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 (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...

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...

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,...