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Euro touches eight-month low, European shares fall

LONDON - The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.

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Euro zone sentiment improves, overcoming Ukraine crisis concern

BRUSSELS - Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, data showed on Wednesday, and inflation expectations among consumers and companies edged up.

6:27am EDT

AstraZeneca buys Almirall lung drugs for up to $2.1 billion

LONDON - AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall's lung drugs.

Deals, Spain 4:13am EDT

Time almost up for Argentina to avoid debt default

BUENOS AIRES - Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

1:23am EDT

Fed seen trimming bond buys, could offer vague rate clues

WASHINGTON - The U.S. Federal Reserve on Wednesday looks certain to press forward with its plan to wind down its bond-buying stimulus, and could offer some vague clues on how much nearer it might be to finally raising interest rates.

1:12am EDT

China's local GDP data points to recovery, rebalancing

BEIJING - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity.

2:30am EDT

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