Greece said it will present a package of reforms to its euro zone partners by next Monday in hope of unlocking aid to help it deal with a cash crunch and avoid default.
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Kraft and Heinz to form North America's No.3 food company
Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food and beverage company.
European shares dip but hold near highs after Ifo
European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.
Telefonica finalizes $15 billion sale of UK unit to Hutchison
Spain's Telefonica (TEF.MC) said it had finalised a deal to sell its British mobile business O2 to Li Ka-shing's Hutchison Whampoa (0013.HK) for 10.25 billion pounds ($15.2 billion), confirming details announced earlier this year.
Atlantic City turnaround team bets on cuts not bankruptcy
A turnaround team tasked with reviving Atlantic City says New Jersey's struggling gambling hub must consider cost cuts, layoffs and longer bond maturities, but bankruptcy is not in the cards - yet.
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Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there.
British inflation vanished last month, hitting zero for the first time on record, official figures showed on Tuesday. The annual rate of consumer price inflation dropped to zero percent, from 0.3 percent in January, the Office for National Statistics said, keeping a rate rise by the Bank of England firmly off the table for now.
Berkshire Hathaway Inc Chief Executive Officer and Chairman Warren Buffett said on Monday the U.S. economy and investment climate are a tailwind for his companies' success and encouraged foreign investors to jump in too.
Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.
The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.
U.S.-based property investment fund Aetos Capital Real Estate is preparing to sell Simplex Investment Advisors, a Japanese real estate asset management firm, seeking as much as 200 billion yen ($1.7 billion), people with knowledge of the deal said.
IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies.
Amazon Inc's Twitch unit said on Monday there may have been unauthorized access to some of its user account information, according to the live streaming gaming network's official blog.
Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple (AAPL.O) failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday.
