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Updated: 4 years 5 months ago

Draghi Said to Share Exchange-Rate Views

Thu, 11/28/2013 - 2:22pm
The European Central Bank president has told fellow central bankers that a euro exchange rate above $1.30 harms the competitiveness of southern European exports, according to the head of Hungary's central bank.On Thursday, an ECB spokesman denied that Mr. Draghi made the comments on exchange rates.
Categories: Financial News

Tax Deal Boosts Vale Shares

Thu, 11/28/2013 - 1:19pm
Vale's shares jumped after the mining company settled a tax dispute with Brazilian authorities that had cast a shadow over the company for years.
Categories: Financial News

Brazil Auctions Shale Oil Blocks

Thu, 11/28/2013 - 1:19pm
Brazil moved to join the global shale oil and natural gas boom, but interest in an auction of exploration concessions was muted.
Categories: Financial News

Ericsson Faces Royalty-Fees Probe

Thu, 11/28/2013 - 12:21pm
Ericsson said that India has launched an antitrust probe into whether the royalty payments the Swedish company charges for its cellphone technology are high and discriminatory.
Categories: Financial News

European Stocks Rise, U.K. Hit by BOE Decision

Thu, 11/28/2013 - 11:36am
Most of Thursday's action was in London where the Bank of England's announcement it would scale back support for mortgage lending hit housebuilders hard.
Categories: Financial News

Brazil's OGX Posts Large Loss

Thu, 11/28/2013 - 9:39am
Eike Batista's troubled OGX Petroleo e Gas Participacoes SA posted a loss of $913 million for the third quarter, giving it the distinction of showing the most red ink in Latin America for the latest period.
Categories: Financial News

What the World Needs Now: Coordinated Economic Policy

Thu, 11/28/2013 - 9:33am
Capital: Columnist David Wessel examines a global economy being tugged in different directions by the major powers—and suggests a more cohesive strategy focused on stoking spending, easing trade barriers and promises of more cooperation in the future.
Categories: Financial News

Yen Primed for a Tumble

Thu, 11/28/2013 - 8:38am
Investors are piling into bets against the yen, taking another run at a trade that proved lucrative for some of the industry's largest money managers earlier this year.
Categories: Financial News

H&M Halts Use of Angora Wool

Thu, 11/28/2013 - 7:50am
The Swedish retailer has temporarily halted production of items containing angora wool, following the lead of other Scandinavian retailers after viewing footage of certain harvesting practices distributed by animal-rights activists.
Categories: Financial News

Toyota, Honda Raise Output

Thu, 11/28/2013 - 6:47am
Toyota and Honda ramped up domestic output in October amid robust vehicle demand in the U.S. and a comeback in domestic sales.
Categories: Financial News

Li Ka-shing Readies Watson IPO

Thu, 11/28/2013 - 5:37am
Billionaire Li Ka-shing is close to appointing HSBC as an underwriter on an initial public offering of his global retail business next year, which some analysts have valued at over $20 billion.
Categories: Financial News

UBS Revamps Forex Unit

Thu, 11/28/2013 - 5:21am
UBS is restructuring its foreign-exchange business, with the co-head of the unit stepping down, amid a burgeoning investigation into potential manipulation of currencies markets.
Categories: Financial News

Exxon Mobil, PetroChina Close to Signing Iraq Deal

Thu, 11/28/2013 - 5:06am
The U.S. energy giant is set to sell a 25% stake in its West Qurna-1 oil field in Iraq to China's PetroChina, according to the Iraqi government.
Categories: Financial News

Euro Lifted by Inflation Data

Thu, 11/28/2013 - 3:50am
The euro jumped after data showed a pickup in inflation in Spain and Germany, while stock markets inched higher, spurred by a buoyant Asian session.
Categories: Financial News

Rio Tinto to Raise Australia Iron-Ore Output

Thu, 11/28/2013 - 2:57am
Rio Tinto plans to increase its annual iron-ore output in Australia by about 25%, in a bet on demand from China.
Categories: Financial News

Tokyo Shares Hit Six-Year High

Thu, 11/28/2013 - 2:04am
The Nikkei Stock Average surged Thursday, as another rise in the dollar fed hopes of better profits ahead for Japan Inc.
Categories: Financial News

Kookmin Bank Chief Apologizes Over Corruption Allegations

Wed, 11/27/2013 - 10:36pm
The head of South Korea's largest lender moved to manage a widespread corruption probe, bowing deeply before the media after the bank admitted wrongdoing by employees.
Categories: Financial News

Transphorm to Buy Rival Fujitsu

Wed, 11/27/2013 - 10:21pm
Transphorm, a U.S. startup pursuing a new technology for saving energy in electronic products, said it would buy rival operations of Fujitsu in a deal that creates a partnership between the companies.
Categories: Financial News

Dish Chairman Can Helm LightSquared Bid Process

Wed, 11/27/2013 - 7:16pm
Dish Network's $2.2 billion bid for LightSquared can go forward with the involvement of Dish Chairman Charlie Ergen, a Nevada judge ruled.
Categories: Financial News

Repsol, Argentina Reach Tentative Deal

Wed, 11/27/2013 - 7:12pm
Spanish oil company's board accepts the outline of a multibillion-dollar compensation accord.
Categories: Financial News