Friday, October 9, 2015
Sanofi has opened talks to get some of its French employees to work longer hours, but unions charged Wednesday the drugmaker which posted a net profit of over two billion euros doesn't have a competitiveness problem.
U.S. consumer borrowing advanced at a solid pace in August, as Americans took out more auto and student loans.
Belgian trade unions on Wednesday mobilized about 100,000 workers for the second time in a year to protest the free-market regulations and austerity measures that the center-right government has been pushing through during its first year in office.
Deutsche Bank warned Thursday that it would post a net loss of 6.2 billion euros (US$7 billion) in the third quarter and that dividends for the year may be scrapped.
Spanish bank Santander was fined one million euros (US$1.1 million) for breaching laws against money laundering and terrorism financing and tried to delay authorities from reporting the sanction, a court said Wednesday.
Mainland Chinese shares surged Thursday as dealers returned from a week-long break that saw a global advance, but a regional rally mostly petered out, with Tokyo ending a six-day winning streak.
Oil prices bounced back in Asia Thursday as investors weighed a rise in U.S. crude inventories and production against a forecast by OPEC's chief of rising demand.
The U.S. dollar declined further against some emerging Asian currencies Thursday on waning expectations of an early rise in U.S. interest rates.
Gannett Co. has reached an agreement to acquire newspaper company Journal Media Group for US$280 million, giving the media giant control of publications in more than 100 local markets in the U.S., company officials announced Wednesday evening.
Mired in civil war for 21 months, its oil-based economy in tatters, South Sudan is an unlikely source of upmarket coffee capsules for European consumers.