World Business

  1. BSI becomes first Swiss bank to settle under U.S. tax programme

    By Douwe Miedema, Karen Freifeld and Alice Baghdjian
    WASHINGTON/ZURICH (Reuters) - Swiss private bank BSI has avoided prosecution for suspected tax-related offences by paying a $211 mil...

  2. Volvo to communicate on IT unit review on April 24

    STOCKHOLM (Reuters) - Truck maker Volvo said on Tuesday it would reveal the future of its IT unit on April 24 when it is due to release its report on the first quarter.
    ...

  3. Hermes Infrastructure, Canadian fund to buy stake in Associated British Ports

    (Reuters) - The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure said they will buy a stake of at least 30 percent in Associated British Ports (ABP) for about 1.6 billion pounds....

  4. Honda to invest £200 mn in British factory

    Honda to invest £200 mn in British factory

    Tokyo (AFP) - Honda said Tuesday it will spend £200 million ($300 million) to upgrade a British factory that the Japanese automaker downsized last year owing to a slump in European demand.

  5. Euro zone price fall slows further as expected in March

    Euro zone price fall slows further as expected in March

    BRUSSELS (Reuters) - Euro zone consumer prices eased year-on-year in March as expected, data showed on Tuesday, but the decline was small, indicating price declines bottomed out already in January and...

  6. Faurecia follows Peugeot Citroen in tie-up with China's Dongfeng

    Faurecia follows Peugeot Citroen in tie-up with China's Dongfeng

    Paris (AFP) - Faurecia, the car parts division of French carmaker Peugeot Citroen, said Tuesday it was creating a joint venture with Chinese auto giant Dongfeng that would double its business in the country.

  7. German unemployment at new post-unification low

    Frankfurt (AFP) - German unemployment fell in March to the lowest level since the country reunited in 1990 as growth in Europe's biggest economy continues to pick up, official data showed on Tuesday.

  8. Kingfisher to shut British home-improvement stores

    Kingfisher to shut British home-improvement stores

    London (AFP) - Kingfisher, Europe's biggest home-improvements retailer, said Tuesday it would close 60 stores in Britain and Ireland, a day after pulling out of a takeover for French chain Mr Bricolage.

  9. Asian markets mostly up after China easing, US rally

    Asian markets mostly up after China easing, US rally

    Hong Kong (AFP) - Asian markets mostly rose Tuesday after China's decision to ease mortgage rules fuelled hopes for further stimulus measures, but afternoon profit-taking pared a morning rally, with Tokyo and Shanghai ending more than one percent lower.

  10. Insurers set aside $300 mn in provisions for Germanwings crash

    Insurers set aside $300 mn in provisions for Germanwings crash

    Frankfurt (AFP) - Insurers are setting aside $300 million (279 million euros) in provisions for the air crash in the French Alps that killed 150 people, German airline Lufthansa said on Tuesday.

  11. Kingfisher helps put FTSE on track for biggest quarterly rise in two years

    Kingfisher helps put FTSE on track for biggest quarterly rise in two years

    By Francesco Canepa
    LONDON (Reuters) - The FTSE 100 was heading for its best quarterly gain in two years as it held steady on Tuesday, underpinned by a rally in Kingfisher after its tra...

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