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The financial services affiliate of Alibaba (BABA.N) launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.
Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories.
Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China.
Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro.
Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election.
Japan's biggest airline, ANA Holdings, said on Friday it had ordered 15 jetliners from Boeing Co and Airbus Group worth $2.2 billion to bolster flights on domestic routes.
McDonald's franchisees have a fast order for the fast food giant's new CEO - get back to basics. In interviews franchisees and advisors to restaurant owners say they hope the new chief will clean up a huge menu to focus on burgers and fries.
Airbus Group (AIR.PA) on Thursday confirmed a shake-up in its military aircraft business after fresh problems with the A400M and said the troubled military transporter project would be restructured, splitting production away from development.
Ford Motor Co (F.N) on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.
ConocoPhillips (COP.N), the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.
Time Warner Cable Inc (TWC.N), the second-largest U.S. cable TV operator, reported lower-than-expected revenue as more customers switch to internet streaming services offered by companies such as Netflix Inc (NFLX.O).
Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's (RDSa.L) Chief Executive Ben van Beurden told a conference call on Thursday.
Burger chain Shake Shack Inc (SHAK.N) now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.
Shares in European companies that supply parts toApple Inc (AAPL.O) leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China.
Royal Dutch Shell (RDSa.L) has signed a deal withIraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.