Business

Lufthansa (LHAG.DE) has named company veteran Carsten Spohr as the group's new chief executive, Germany's largest airline said on Friday. Spohr will take over on May 1 from Christoph Franz, who is moving to Swiss pharmaceuticals group Roche (ROG.VX). REUTERS

Ghana’s central bank said it is ready to intervene to defend the cedi, which has weakened 3.1 percent against the dollar this year, should it breach an internal target that threatens to stoke inflation. “We have a certain level that...

Asian shares took a tentative step forward from five-month lows on Thursday, with investors hoping the European Central Bank (ECB) and upcoming U.S. jobs data can calm nerves strained by the emerging market selloff. MSCI's broadest index of Asia-Pacific shares...

Credit Suisse (CSGN.VX) missed expectations with a marginal uptick in fourth-quarter net profit on Thursday after increased legal costs arising from U.S. probes into alleged tax evasion and the sale of mortgage-backed bonds. Credit Suisse is cutting back on riskier...

Twitter Inc on Wednesday reported its slowest pace of user growth in recent company history, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out nearly a fifth of the company's value...

Sony Corp, under pressure to shore up profitability in its electronics business, unveiled a restructuring plan on Thursday that will cut 5,000 jobs and trim 100 billion yen ($988 million) a year from fixed costs, while splitting off its...

Twitter Inc reported its slowest pace of user growth during the fourth quarter, dashing hopes the social media phenomenon can sustain its torrid pace of expansion and wiping out more than 10 percent of its value on Wednesday. The company...

Ford Motor Co. (F.N) will halt production at its Romanian car factory for four days in February because of low demand, officials of the U.S. carmaker were quoted as saying on Wednesday. Ford took over struggling local carmaker Automobile Craiova...

Asian shares struggled to sustain the slimmest of rallies on Wednesday as a hesitant performance by the Japanese market fuelled fresh demand for safety in the yen and top-rated bonds. Dealers had cautioned that the mood remained brittle and it...

Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future...