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G20 says nearing growth goal, but more needed from Europe

CAIRNS Australia - The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.

Recent Business News

Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources

SEOUL - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

20 Sep 2014

When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts

NEW YORK - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ?

19 Sep 2014

Exclusive: France's Iliad sets mid-Oct deadline for T-Mobile US bid - sources

LONDON/FRANKFURT - French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.

Tech, Deals 19 Sep 2014

German defense industry threatens to move production abroad

FRANKFURT - Germany's defense industry lobby has warned that companies were looking into shifting production abroad in response to the country's restrictive arms export policy.

20 Sep 2014

U.S. judge orders discovery to begin in some GM ignition switch cases

- A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.

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