European shares up after China stimulus fails to lift Asia

Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default.

Stock Market

China makes big cut in bank reserve requirement to fight slowdown

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

Stock Market

Oil pares early gains as Saudi output remains near record high

Oil prices eased from early highs to under $64 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) in April.

China second-quarter GDP seen steady at 7.4 percent, recovery in sight



Jobs & Career News

Brent crude oil hits 2015 high as U.S. output slows

Iraq's biggest oil refinery shut down, foreign staff evacuated

Oil rose more than 3 percent on Thursday, pushing Brent crude to a 2015 high above $63 per barrel on increasing evidence that U.S. production is peaking, balancing a market that has been in heavy oversupply for more than a year.

Unilever first-quarter sales better than expected


Unilever reported better-than-expected sales for the first quarter on Thursday, showing improvement from the hammering it took last year from weak emerging markets including a slowdown in China.

Nokia to buy Alcatel-Lucent

A customer speaks on his mobile phone as he comes out of a Nokia showroom in New Delhi March 28, 2013.

Nokia is to buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.

Samsung Electronics says demand for Galaxy S6 models much higher than planned for


South Korean tech giant Samsung Electronics Co Ltd (005930.KS) on Wednesday said demand for both the flat-screen and curved-screen models of its new flagship Galaxy S6 smartphones is "much higher" than initially planned for.

Toyota to move Corolla production to Mexico to cut costs: Globe and Mail


Toyota Motor Corp (7203.T), the world's biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situation.


Talks with Greece have gained momentum but still long way from target: IMF

Global lenders' negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund's European head told a German newspaper.


VW supervisory board seeks to smooth leadership crisis - report

The leaders of Volkswagen's (VOWG_p.DE) supervisory board plan to meet soon to try to iron out an effective working relationship between Chairman Ferdinand Piech and Chief Executive Martin Winterkorn amid a leadership crisis at the automaker, a German newspaper reported on Monday.


GE posts net loss on finance sale; industrial profit rises

General Electric Co (GE.N) said on Friday its quarterly industrial profit rose 9 percent helped by improved profit margins, as the U.S. conglomerate shifts more to manufacturing of jet engines, turbines and other big-ticket products and splits from finance.

Oil Well

Oil slips below $64 as ample supplies weigh

Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.


Volkswagen CEO Winterkorn to stay in defeat for chairman

Martin Winterkorn will stay on as chief executive of Volkswagen (VOWG_p.DE), the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman, Ferdinand Piech.

European Union

EU prepares rules for tackling failed financial firms outside banking

The European Union is looking at creating rules on how to deal with financial firms outside the banking industry that run into trouble, including clearing houses, insurers and asset managers, the EU's financial services chief said on Friday.

Federal Reserve

Fed may allow banks to use muni bonds to meet liquidity rules: WSJ

The U.S. Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter.

Mark Zuckerberg, Facebook founder and CEO, has been summoned to appear at an Iranian Court

Yahoo and Facebook shares outperform Google in Frankfurt

The Frankfurt-listed shares of Internet companies Yahoo (YHOO.O) andFacebook (FB.O) outperformed those of rival Google (GOOG.O), after media reports thatGoogle would face anti-trust action from the European Union.


McDonald's Japan sees wider losses this year, plans restructuring

The Japanese unit of McDonald's Corp (MCD.N) forecast deeper losses this year and said it would renovate 2,000 stores while closing underperforming outlets, as it struggles to bring back customers after a series of food safety scandals.

Stock Market

Euro zone bond yields sink to historic lows

Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion euro bond-buying program, although regional stocks took a step back from this week's multi-year peaks.

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