Greece faces resistance to extra emergency funds for banks

The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program.


Euro supported by hopes for Greek debt deal; yen awaits Kuroda

The euro held steady on Wednesday, finding some support as investors held on to hopes that Greece will find enough common ground with its euro zone partners and avoid a chaotic exit from the currency union.

U.S. hedge funds unload Alibaba shares in fourth quarter

Several of the biggest hedge fund managers slashed or dissolved their stake in China's Alibaba Group Holding Ltd at the end of last year, taking a prescient bet ahead of the company's surprise revenue miss last quarter that sent shares plunging in late January.

BOJ sticks to stimulus plan, is upbeat on output despite weak rebound from recession

The Bank of Japan maintained its massive asset buying stimulus spree on Wednesday and revised up its view on exports and output, even as data showing only a feeble recovery from recession tempers its optimism.


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The S&P 500 ended above 2,100 at another record high on Tuesday as optimism grew that a debt deal would be reached with Greece and as bond prices sold off.
Francois Hollande faces a major test on Tuesday when his flagship economic reform bill is put to parliament, 10 days before the European Commission rules on whether France's reforms go far enough to avoid sanctions for its budget slippages.
Volkswagen AG (VOWG_p.DE) said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers.
Ford Motor Co (F.N) wants Tencent Holdings Ltd (0700.HK) to tailor its popular chatting app for the firm's cars in China, as automakers in the world's largest market vie for drivers that care about high-tech features as much as engine size.
Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output.
Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends.
Stocks fell and lower-rated euro zone bond yields rose on Tuesday after talks between Athens and its European partners over the country's debt crisis collapsed, raising doubts about Greece's future in the currency bloc.
China's Anbang Insurance Group has agreed to pay 1.13 trillion won ($998 million) to take a controlling stake in South Korean's eighth-largest life insurer Tong Yang Life Insurance, Tong Yang said on Tuesday.
Spain's Caixabank said on Tuesday it would launch a full takeover bid for Portugal's BPI, paying 1.329 euros ($2) per share for the 55.9 percent of the lender it does not already own.
American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can - with the stroke of a pen - get rid of much of the problem.
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