Asian share gains fade after China GDP, Europe could be brighter

TOKYO - Asian shares languished after giving up small gains on Tuesday, as modest relief on data showing the Chinese economy grew slightly more than expected was replaced by lingering concerns of weakening momentum in the world's second-biggest economy.

Recent Business News

Union does not rule out further strikes at Lufthansa this week

FRANKFURT - Strikes at Lufthansa could continue beyond Tuesday if the German airline fails to resume negotiations with its disgruntled pilots over retirement benefits, a board member of trade union Vereinigung Cockpit said.

2:37am EDT

China must accelerate reforms, not rely on fiscal and monetary policy to drive growth: World Bank

BEIJING - China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday.

1:41am EDT

AbbVie says $55 billion acquisition of Shire officially dead

- U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal.

20 Oct 2014

As China gets tougher on fuel economy, some carmakers may be left behind

SHANGHAI/BEIJING - Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.

2:07am EDT

Valeant says may raise Allergan bid; beats on profit

- Valeant Pharmaceuticals International Inc VRX.TO VRX.N said on Monday that it may raise its bid for Botox maker Allergan Inc AGN.N after the Canadian company posted a better-than-expected quarterly profit.

20 Oct 2014


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Sector Summary

What could be sweeter than sugar?

The top sugar brand in the United States, Domino Sugar, has announced it is joining the diet bandwagon by launching a no-calorie, "natural" sweetener line extracted from Paraguay's stevia plant.