LONDON - The euro reached a five-year peak against the yen and a six-week high against the dollar on Tuesday, as focus intensified on the dwindling level of spare cash in the euro zone's banking system and the ECB's apparent lack of concern.
- China's 2014 growth in focus as leaders met on reform plans |
- No Pacific trade pact this year, ministers to try again next month
- Volvo to sell rental unit to private equity for $1.1 billion
- Swiss bank Valiant is first to bow to U.S. tax probe
- UK final salary pensions hitting company investment: study
Recent Business News
WASHINGTON - U.S. regulators are set on Tuesday to approve a rule to rein in risky trading by banks, a crucial part of their efforts to reform Wall Street and prevent another costly taxpayer bailout.
BERLIN - Germany's Volkswagen increased sales at its core passenger-car brand by 3.4 percent in November to 522,100 autos, powered by demand for the seventh-generation Golf hatchback, the company's best-selling model.
WARSAW - Polish flagship carrier LOT said it had agreed with U.S. plane maker Boeing on compensation for the faults that grounded its 787 Dreamliner jets.
MILAN - Italy's struggling airline Alitalia has finally succeeded in netting the 300 million euros ($412 million) it needs to keep flying over Christmas after a long drawn-out capital raising, a source with knowledge of the operation said on Tuesday.
Reuters charts the dearth of female directors at venture-funded startups compared to public companies.