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German survey props up European shares

LONDON - Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood.

Recent Business News

Euro zone business growth unexpectedly gains pace, prices still falling: PMI

LONDON, - Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday.

4:09am EDT

Credit Suisse CEO says sees no material issues in forex probe

ZURICH - Credit Suisse does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank's chief executive said on Thursday.

4:45am EDT

Buffett copycats risk a pounding as Berkshire portfolio suffers

NEW YORK - It's not been a good time for Warren Buffett wannabes.

1:25am EDT

Finland's Nokia reports strong profits from networks

HELSINKI - Finland's Nokia beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network gear unit on the back of large network roll-outs in North America and China.

4:44am EDT

Tesco scraps profit outlook as accounting black hole deepens

LONDON - Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.

5:23am EDT

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