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HuaweiScandal-hit Japanese camera and medical equipment maker Olympus said it will cut about seven percent of its workforce — and book a profit this year — as it tries to recover from a loss cover-up scandal.
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LONDON — Global markets rose on Thursday, boosted by China’s decision to cut interest rates, hopes that the Federal Reserve will consider new support for the U.S. economy and speculation Europe is preparing to give Spain financial aid.
LONDON - World shares hit their highest level in a week on Thursday and the euro jumped after China cut interest rates for the first time in four years, boosting speculation the United States might also embark on a monetary stimulus.
LONDON - Gold prices held near $1,620 an ounce on Thursday as investors geared up for a statement from US Federal Reserve Chairman Ben Bernanke later, which will be closely watched for clues as to the future direction of US monetary policy.
LONDON - Britain will demand safeguards to protect its financial sector if the euro zone forms a banking union, its finance minister said on Thursday, placing another obstacle in front of the European Central Bank’s efforts to fix a deepening debt crisis.
BRUSSELS - Google has yet to offer EU regulators concessions to address concerns it may have abused its market dominance, the EU’s antitrust chief said on Thursday, raising the prospects of a bruising battle between the two sides.
BERLIN — German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as fears of a Spanish banking meltdown fuelled the eurozone crisis.
SINGAPORE/PARIS - Chicago soybeans gained more than 1 percent on Wednesday, rising for a second straight session, with support from tightening South American supplies and a lower-than-expected rating for the US crop.
Air India is expected to take delivery of three Dreamliner aircraft from Boeing Co (BA.N) this month, civil aviation minister Ajit Singh said, after the two companies agreed on a compensation package for the delayed order.
Struggling mobile phone firm Nokia unveiled on Wednesday its first three basic phone models with large touch screens, filling a gap in its suite of products.