Europe

Philips $3.3-billion sale of Lumileds to Go Scale in doubt

Published 26/10/2015

AMSTERDAM Philips (PHG.AS) said on Monday the sale of its $3.3-billion Lumileds business to Go Scale Capital was uncertain, due to U.S. government concerns.

Philips [more…]

Asian stocks advance on China rate cut, U.S. tech earnings

Published 26/10/2015

TOKYO Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after [more…]

Governments shouldn’t count on low oil prices: IEA

Published 26/10/2015

SINGAPORE Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop [more…]

Some U.S. bond funds bet on high-yield survivors of oil carnage

Published 26/10/2015

NEW YORK High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are holding on, convinced that [more…]

U.S. union, GM reach tentative agreement on labor contract

Published 26/10/2015

DETROIT Negotiators for the United Auto Workers and General Motors Co reached a tentative agreement on undisclosed terms for a new four-year labor contract, averting [more…]

Downcast Rosberg at a loss to explain his error

Published 26/10/2015

AUSTIN, Texas A downcast Nico Rosberg said he was at a loss to explain the error that gifted Mercedes team mate Lewis Hamilton both victory [more…]

U.S. money laundering probe into Deutsche Moscow unit widens: FT

Published 26/10/2015

U.S. regulators are expanding their probe into Deutsche Bank AG (DBKGn.DE)(DB.N) as a money laundering investigation of a Moscow unit has widened into possible sanctions [more…]

Sheikh Salman submits candidacy papers to FIFA – report

Published 26/10/2015

The president of the Asian Football Confederation (AFC), Sheikh Salman Bin Ebrahim Al Khalifa of Bahrain, has formally entered the race to become FIFA president, [more…]

Justin Bieber returns, triumphs at MTV Europe Music awards

Published 26/10/2015

MILAN Canadian pop singer Justin Bieber made a triumphant return to the European stage at the MTV Europe Music Awards in Milan on Sunday, scooping [more…]

Hamilton emulates Senna and seeks to inspire others

Published 26/10/2015

AUSTIN, Texas An 'overwhelmed' Lewis Hamilton hoped to inspire others with his achievements, just as Ayrton Senna has fired his imagination as a boy, after [more…]