ECB outlook lifts Europe shares, Australian dollar sags

TOKYO - European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook.

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Saudi, Russia pre-OPEC talks yield no oil output cut

VIENNA - Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

HP fourth-quarter revenue drops on weak enterprise demand

- Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units. | Video

4:23am EST

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

TOKYO - U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.

4:54am EST

British insurer Aviva to shut $2 billion fund of hedge funds unit

LONDON - Aviva will shut its unit that invests in external hedge funds, the British insurer said on Wednesday, part of a global trend that's seeing so-called "fund of hedge funds" closing shop or merging with others as clients cut the middleman.

4:49am EST

Thomas Cook hit by shock CEO departure, slowing growth

LONDON - British holiday company Thomas Cook said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.

4:51am EST


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