Dufry details $4 billion fundraising plan for WDF buy

Dufry AG (DUFN.S) has fleshed out plans for its takeover of Italy's World Duty Free SpA (WDF) (WDF.MI), as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector.


Greece says not backing down on debt relief goal

Greece has not given up on its aim to renegotiate its debt to render it manageable, the country's deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue.

Oil prices drop on possible Iran deal, dollar

Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear program that could bring an end to sanctions and allow an increase in Iranian oil exports.

Asia shares swing higher as China nears seven year high

Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply.


Latest News

The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.
Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.
The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli (PECI.MI) on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.
Russian businessman Filaret Galchev, who owns a 10.8 percent stake in Switzerland's Holcim (HOLN.VX) via Eurocement Holding AG, has rejected the takeover offer that France's Lafarge (LAFP.PA) has made for Holcim, a Swiss newspaper reported on Sunday.
Dow Chemical Co (DOW.N) will separate a portion of its century-old chlorine business and sell it to Olin Corp (OLN.N) in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets.
Mexico's telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim's America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.
Tens of thousands of workers marched through the center of Rome on Saturday against Prime Minister Matteo Renzi's reform of the labor market, headed by a popular union chief who is seen by many as a possible future leader of Italy's left.
Creditors of Puerto Rico's power authority, PREPA, have offered it $2 billion in financing, including $1.2 billion to fund a new natural gas operation, in exchange for assurances that it would repay its debt, two people close to the matter told Reuters on Saturday.
Best Buy Co Inc (BBY.N) plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday.
PSA Peugeot Citroen (PEUP.PA) said on Friday it had chosen a French factory over a rival Spanish plant to expand engine production, prompting a visit by President Francois Hollande to highlight a bright spot in France's gloomy labor market.
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