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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

Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

TOKYO Japan's Nintendo Co Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game's success.

Japan, Tech 5:59am EDT

Tesla's Musk sees 'modest' capital raise for next strategic turn

SPARKS, Nevada Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. | Video

4:51am EDT

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


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