An inflation-busting wage deal for Germany's biggest labor union agreed on Tuesday looks set to boost household spending this year after consumer activity propelled strong growth in Europe's largest economy at the end of 2014.
Europe
Standard Chartered picks ex-JPMorgan executive Winters as CEO to replace Sands
Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.
Global equities hit new record as cheap money reigns
Global equities set a new record high and bond yields sank to fresh lows on Thursday as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme.
Emirates airline urges U.S. to ignore subsidy claims
The head of Dubai's Emirates has hit back at U.S. airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements.
Airbus mulls A320 output increase to 50/month from 2017
European planemaker Airbus is talking to suppliers about the possibility of raising production of its A320 family of aircraft to 50 jets a month as early as 2017, narrowing a gap with rival Boeing (BA.N), a senior industry source said on Tuesday.
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Italian industrial conglomerate Finmeccanica (SIFI.MI) is set to announce the sale of its shares in rail and signaling units AnsaldoBreda and Ansaldo STS (STS.MI) to Japan's Hitachi (6501.T) as soon as Tuesday, a source close to the matter said on Monday.
HSBC (HSBA.L) reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.
Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries.
Deposit outflows from Greece's banks rose last week to around 3 billion euros, according to JP Morgan estimates, ahead of Friday's last-minute aid extension agreement with the country's euro zone creditors.
Oil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures towards $59 a barrel and U.S. contracts below $49 a barrel.
The weak global diary market, hit by oversupply and a tail-off in Chinese demand that has driven international milk prices down by around 50 percent, is unlikely to pick up anytime soon, analysts say.
Greece's government prepared reform measures on Sunday to secure a financial lifeline from the euro zone, but was attacked for selling "illusions" to voters after failing to keep a promise to extract the country from its international bailout.
The German parliament could approve a four-month extension to euro zone funding for Greece, on condition Athens presents a list of reforms as promised, a senior ally of German Chancellor Angela Merkel was quoted as saying.
Outgunned by Chinese and Middle Eastern competitors and lacking the breadth of service of their U.S. rivals, European private equity firms are focusing on specific industries to compete on their home turf.
