The normally secretive family that owns BMW (BMWG.DE) broke silence on Wednesday to laud the company's seamless management transition as rival German carmaker Volkswagen (VOWG_p.DE) inspects the damage from a bitter leadership crisis.
Sectors
Oil steadies below $67 as global glut builds L
Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide.
Honda adds to Takata air bag recalls; global tally now around 36 million
Honda Motor Co (7267.T) on Thursday recalled close to 5 million vehicles fitted with potentially faulty Takata Corp (7312.T) air bag inflators, as investigations showed the problem behind one of the biggest auto safety crises may be more widespread than thought.
Trade supporters breathe easier as U.S. trade bill clears Senate hurdle
A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia.
Sanctions-scarred banks may hold back Iran's economic relief
Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.
Latest News
The Federal Reserve on Wednesday awarded $92.13 billion of overnight fixed-rate reverse repurchase agreements to 37 bidders at an interest rate of 0.05 percent, the New York Fed said on its website.
Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude.
Republican presidential candidate Marco Rubio said on Wednesday that the United States must respond aggressively when rivals such as China and Iran take actions that threaten U.S. economic interests.
In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card.
A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in.
Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since March, an industry group said on Wednesday.
China's money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing.
Facebook Inc tied up with nine news publishers to launch "Instant Articles" that will let them publish articles directly to the social network's mobile news feeds.
Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.
