The euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree.
Sectors
Alibaba's results affirm growth, but margins slide
Alibaba Group Holding Ltd's e-commerce and mobile businesses surged in the September quarter, far outpacing its rivals' and glossing over weakening margins and decelerating earnings growth.
Talisman Energy says asset sale plan on track
Talisman Energy Inc, the Canadian oil producer whose shares have fallen more than half in the past year, said on Tuesday it expects to meet its goal of selling $2 billion in assets by mid-2015 despite tumbling oil prices.
Cheung Kong agrees to buy stakes worth $2 billion in aircraft for leasing
Cheung Kong Holdings Ltd (0001.HK), owned by Asia's richest man Li Ka-shing, said it had agreed to buy stakes worth $2.02 billion in about 60 aircraft as part of the property firm's push into airplane leasing.
Canada's PSP agrees to buy TDF's French arm for 3.5 billion euros
Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms masts group TDF in a deal worth about 3.5 billion euros (4.40 billion US dollar), people familiar with the matter said.
Latest News
Walt Disney Co said its cloud-based movie service will expand to include purchases made through the Google Play online store, the latest in a string of moves by Hollywood studios to encourage digital ownership.
UK lender Virgin Money is seeking to go ahead with its postponed London stock market listing amid firmer market conditions by the end of next week, two sources familiar with the matter said on Monday.
Indonesian telecommunication operators PT Bakrie Telecom Tbk and PT Smartfren Telecom Tbk will merge their network operations in a deal that will make Bakrie Telecom one of Smartfren's shareholders.
Bankrupt power company Energy Future Holdings Corp received conditional court approval to accept bids for its majority stake in Oncor, a power transmission company in Texas worth billions of dollars.
Hilton Worldwide Holdings Inc (HLT.N), the world's largest hotel operator, said Blackstone Group LP (BX.N) would reduce its stake in the company by 14 percent to about 57 percent.
Saudi Oil Minister Ali al-Naimi is making his first visits in years to fellow exporters Venezuela and Mexico, although tumbling oil prices are not the stated purpose of the trip, according to officials and sources.
Verizon Communications and AT&T Inc expect to be able to transmit wireless voice calls between the two carriers over high-speed data networks by 2015, the companies said on Monday.
Thermo Fisher Scientific has pledged to correct a glitch in software used to analyze data from clinical drug trials within "four to eight weeks", after independent experts highlighted a potential for errors.
Intel Corp on Monday awarded $500,000 to a group of do-it-yourselfers who developed a wristband that converts to a camera-equipped drone to win a contest the chipmaker hopes will help guarantee it a leading position in the emerging market for wearable computing devices.
