Upbeat earnings, hopes of more ECB stimulus lift mood in Europe

LONDON - European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Central Bank.

Recent Business News

Air freight outlook improves, annual growth of 4.1 percent seen: IATA

BERLIN - The outlook for air freight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday.

5:14am EDT

Exclusive: Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up

HONG KONG - Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters.

4:20am EDT

Wet European summer leaves Heineken beer sales short

BRUSSELS - Heineken , the world's third largest brewer, reported lower than expected beer sales in the third quarter as Europeans drank less during a wet summer, but retained its full-year outlook.

2:57am EDT

Total board to consider split of CEO/Chairman roles: Les Echos

PARIS - The board of French oil group Total will meet on Wednesday to consider splitting the chairman and chief executive roles previously held by Christophe de Margerie, who died in a plane crash in Moscow on Monday, Les Echos newspaper reported.

3:43am EDT

Boeing and Chinese partner to make jet fuel from 'gutter oil'

BEIJING - Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

Environment, China 3:36am EDT


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Why the U.S. is spending $1 trillion on nukes

The Congressional Budget Office estimates the 10-year costs of maintaining and modernizing our existing arsenal at $355 billion, with another $215 billion slated for "other nuclear-related activities."