Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.
Europe
OECD sees stable growth for major economies, weaker in euro zone
Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday.
Daimler, Linde to boost Germany's fuel-cell station network
German automaker Daimler (DAIGn.DE) and industrial gases maker Linde (LING.DE) pledged to build 20 hydrogen fuelling stations in Germany in coming years to boost support networks for eco-friendly cars.
Russia's VTB Capital closes in on Roberto Cavalli- sources
VTB Capital, the investment arm of sanctioned Russian lender VTB Bank (VTBR.MM), has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.
Novartis says three executives to leave after GSK, Lilly deals
Swiss drugmaker Novartis AG (NOVN.VX) said three members of its executive committee would leave the company following the completion of transactions with GlaxoSmithKline (GSK.L) and Eli Lilly (LLY.N) to divest three units.
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A second day of weak German data sent European markets into retreat on Tuesday with stocks, the euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt slowdown in the bloc's economic engine room.
Japanese Prime Minister Shinzo Abe will meet Russian President Vladmir Putin on the sidelines of the Asia-Pacific Economic Cooperation forum in Beijing in November, the two leaders decided on Tuesday, a Japanese government official said.
Private equity buyout firm TPG has approached troubled British grocer Tesco PLC (TSCO.L) to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday.
Luxury shoe company Jimmy Choo (IPO-JIM.L) is on course to join London's main stock market with a value of up to $1.1 billion, industry sources said on Monday, citing the initial price range quoted by banks arranging the sale.
Germany's Bertelsmann (BTGGg.F) said on Monday it would take full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as the German media conglomerate looks to speed up a late push into digital media.
Euro Disney (EDLP.PA) said on Monday it had agreed a 1 billion euro funding deal backed by its largest shareholder, the Walt Disney Co (DIS.N), which includes a share sale and a debt restructuring, to allow it to invest in the business.
UK-based BT Group PLC could take until beyond the current financial year to return to the consumer mobile market, due to technical problems, the Telegraph reported.
Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it.
Russia plans to test launch its new heavy-lift Angara space rocket on Dec. 25, Interfax news agency quoted a source in the space industry as saying on Friday.
