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European stocks rise, Asia lifted by Japan stimulus

LONDON Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

Recent Business News

Deutsche Bank CEO warns of deeper cuts after quarterly revenue drop

FRANKFURT Deutsche Bank warned that deeper cuts may be needed to turn itself around, after revenue fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business.

5:27am EDT

Volkswagen's $14.7 billion diesel U.S. emissions settlement clears hurdle

WASHINGTON Volkswagen AG's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles.

Jul 26 2016

AccorHotels buys concierge group John Paul in Airbnb response strategy

PARIS AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb.

Tech, Deals 4:49am EDT

Australia's big banks team up to challenge Apple on mobile payment apps

SYDNEY Australia's three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones.

1:24am EDT

China Southern unit, Xiamen Airlines, to buy Boeing jets for $1.4 billion

HONG KONG China Southern Airlines said on Wednesday its subsidiary, Xiamen Airlines, had signed an agreement to buy six airplanes from Boeing Co worth $1.4 billion at list prices.

5:43am EDT

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