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World markets steady as China congress starts and monetary policy gets back in focus

MILAN World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China's Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week's key policy meeting.

Recent Business News

McDonald's South Korea office raided in burger probe: reports

SEOUL South Korean investigators raided the Seoul office of McDonald's Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.

Health, South Korea 2:40am EDT

U.S. SEC charges Rio Tinto, former top executives with fraud

SYDNEY/NEW YORK The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.

4:06am EDT

Mitsubishi Motors checking how Kobe Steel parts affected by false data

TOKYO Mitsubishi Motors Corp is investigating how components from suppliers containing Kobe Steel Ltd parts have been affected by the steelmaker's falsified data on product quality, the chief executive of the carmaker said on Wednesday.

3:43am EDT

Harvey Weinstein resigns from Weinstein Co board

LOS ANGELES Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.

Entertainment, People, Deals 12:57am EDT

Danone board to meet Wednesday over management issues: source

PARIS Danone's board will meet on Wednesday afternoon to discuss senior management issues, said a source close to the matter who declined to give further details, amid media reports that its chairman will stand down.

5:43am EDT

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