Dollar revs up for jobs data, euro bonds rally on ECB

LONDON - The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying.

Recent Business News

Tougher test awaits Deutsche Bank after clearing first Fed check

FRANKFURT - Deutsche Bank AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve.

Apple lets companies fine-tune apps before watch debut: Bloomberg

- Apple Inc has allowed some companies to test their apps on its yet-to-be-launched Apple Watch and adjust the tools to the watch's design, Bloomberg reported.

6:08am EST

SAP to cut 2,250 posts while creating similar number in refocusing

FRANKFURT - Business software maker SAP SE will cut about 2,250 posts, or around 3 percent of its global workforce, while creating a similar number in expanding parts of the company, as it accelerates a push to sell its products via the Internet.

3:37am EST

NHTSA could tap unexercised authority to speed Takata recalls

WASHINGTON - U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers.

05 Mar 2015

Iran would sell more oil if Western sanctions lifted: Mehr agency

ANKARA - Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday.

5:59am EST


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