Global stocks pull back further from record highs

Global equities pulled back from recent record highs on Wednesday, with investors turning cautious after underwhelming euro zone PMI data and ahead of central bank meetings.

Markets React To European Election Results

M&S breaks with tradition to get more agile on style

Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain's former retail powerhouse Marks & Spencer (MKS.L). But the parts of the business that customers never see could hold the key to its revival.

Westfield Shopping Centre Opens Its Doors

Brent dips, holds above $60 after Saudi price increases

Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya.

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

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Jobs & Career News

Europe shares hold at seven-year highs, China rate cut lifts Asia

Trader

European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

Near Fed majority backs June liftoff Yellen hasn't yet endorsed

Janet Yellen

Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.

Moscovici says 'Grexit' would raise question - who's next?

Pierre Moscovici

The European Union's financial affairs chief Pierre Moscovici told German radio on Friday, just before a Bundestag vote on a bailout extension for Greece, that allowing any country to leave the euro zone would simply raise the question "who's next?".

AstraZeneca to carve out antibiotic R&D into separate firm

AstraZeneca

Drugmaker AstraZeneca (AZN.L) has decided to carve out its early-stage antibiotic research by creating a stand-alone subsidiary company, as it sharpens its focus on other therapy areas.

Mazda bets on diesel-only car for Japan launch of key 2015 model

Mazda

Japan's Mazda Motor Corp (7261.T) will sell only diesel-powered cars in the domestic launch of its key model for 2015, gambling it can convince the country's army of hybrid petrol-electric drivers that the days of sooty, noisy diesels are long gone.

Targets Profits Rise 12 Percent In First Quarter

Target to cut thousands of jobs as seeks to cut costs by $2 billion

U.S. retailer Target Corp (TGT.N), which has been battling back after a massive data breach and sluggish performance, on Tuesday said it will eliminate several thousand jobs, mainly from headquarters locations in the United States andIndia, as it aims to cut $2 billion in costs over two years.

Toyota To Stop Production At GM Joint Venture Plant In California

Toyota diversifies top executive ranks

Toyota Motor Corp (7203.T) on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men.

Kuwait Promises To Increase Oil Production In Case Of War

Oil rebounds above $60 as rival Libyan force bombs ports

Oil rebounded by more than $1 to above $60 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from the biggest one-day loss in a month.

Eager Retailers Greet Crowds Of Shoppers On 'Black Friday'

Weak U.S. consumer spending points to slower first-quarter growth

U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline.

Barclays Bank Fined Over Libor Investigations

Barclays takes $1.2 billion charge as FX settlement looms

Barclays (BARC.L) took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.

U.S. Defense Secretary Chuck Hagel Travels To Middle East

Saudi king keeps close hand on oil in remodelling strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

60th Anniversary Of The Volkswagen Transporter In The UK

Volkswagen on track with efficiency program: CEO

Volkswagen (VOWG_p.DE) is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals.

Beijing 2008 Olympic Mascots Made

China February HSBC PMI at seven-month high

Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed.

New Greek Anti-Austerity Government Seeks Renegotiation of 240 Billion Euro Bailout

Euro zone prices fall by less than expected in February

Euro zone consumer prices fell by less than expected in February and core inflation held steady and unemployment eased in January for the third month in a row, data from the European statistics office showed on Monday.

Oil Well

Oil falls more than 1 percent on dollar, supply concerns

Oil dropped more than 1 percent on Monday, with Brent slipping to around $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output.

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