Europe

Mercedes, Nissan expand cooperation to build pickup

Daimler AG on Tuesday said it would expand its cooperation with partner Nissan Motor Co Ltd to develop a mid-sized pickup truck for Mercedes-Benz as the German premium automaker seeks to narrow its sales gap with rival BMW.


Boeing beats Airbus in first quarter net orders, deliveries

U.S. planemaker Boeing (BA.N) beat European rival Airbus (AIR.PA) in net new orders and deliveries in the first quarter, according to figures released on Tuesday.

France raises Renault stake to ensure long-term control

The French government has been buying shares in French carmaker Renault SA (RENA.PA) to increase its stake to up to 19.73 percent with the aim of blocking a resolution at the next annual general meeting that could reduce its control over the company.

Oil falls on U.S. stock build, record Saudi output

Oil prices fell towards $58 a barrel on Wednesday as industry data showed a larger-than-expected weekly increase in U.S. stockpiles and as Saudi Arabia reported record output in March.


Latest News

Price discounting drove growth in all of the euro zone's major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.
FedEx Corp (FDX.N) is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service (UPS.N) failed two years ago when its bid was blocked by competition regulators.
The Australian dollar gained more than 1 percent against the U.S. dollar, on track for its biggest daily rise in more than two weeks, after the Reserve Bank of Australia surprised many investors by refraining from cutting interest rates.
Global stocks rose on Tuesday, as many European bourses re-opening after the Easter break took on the positive tone set by U.S. markets overnight, with sentiment boosted by a potential trans-Atlantic acquisition.
Greece must reach an outline funding agreement with its lenders at a meeting of euro zone finance ministers on April 24, its finance minister told a Greek newspaper on Monday.
Holcim (HOLN.VX) looked at buying Germany's HeidelbergCement (HEIG.DE) towards the end of 2013 before agreeing to merge with France's Lafarge (LAFP.PA), a Swiss newspaper reported on Sunday, citing two sources.
Ukraine has asked for 1 billion cubic meters of gas imports from Russia in April, trebling the amount it received in March, Russian Energy Minister Alexander Novak said on Saturday.
The Ukrainian government approved on Saturday the framework for Ukraine's debt restructuring operation through which it aims to generate $15.3 billion, the Finance Ministry said in a statement.
Greek Finance Minister Yanis Varoufakis will meet International Monetary Fund Managing Director Christine Lagarde in Washington on Sunday to discuss a set of planned reforms that Athens hopes will unlock much-needed bailout funds.
Lafarge (LAFP.PA) boss Bruno Lafont wants someone with experience of the cement industry to be chief executive in the French group's planned tie-up with Swiss peer Holcim (HOLN.VX), daily newspaper Le Monde said.
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