Business News Headlines

Asian shares shine on U.S. tech results, ECB hopes

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TOKYO - Asian shares were on track for solid gains on Wednesday, after Wall Street's strong performance on upbeat results from two technology bellwethers offset investors' recent concerns about the outlook for the global economy.

FXpert 4:48am BST

Tue, Oct 21 2014

EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

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BRUSSELS - JPMorgan, UBS and Credit Suisse were fined a total of 94 million euros (74.14 million pounds) by the European Commission for taking part in cartels in the financial sector.

21 Oct 2014

Arcadis sees full-year growth despite third quarter dip

AMSTERDAM - Dutch engineering company Arcadis said it expects about a 5 percent rise in net revenue and a profit growth of 10 percent this year, lifted partly by growth in backlog, despite a small dip in organic net revenue in the third quarter.

6:36am BST

Roche to invest 1.9 billion pounds to upgrade Basel site

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ZURICH - Swiss drugmaker Roche said on Wednesday it would spend 3 billion Swiss francs (1.9 billion pounds) to upgrade its Basel headquarters, a vote of confidence in its Swiss base despite ongoing uncertainty over the country's immigration laws.

6:52am BST

Eurotunnel says third-quarter revenue rises seven percent

PARIS - Eurotunnel said on Wednesday that third-quarter revenue rose 7 percent to 343.9 million euros (271.3 million pounds), driven by a recovering British economy and strong truck, freight and passenger traffic.

7:09am BST

Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

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TOKYO - Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda.

Japan 6:19am BST

Dubai bank ENBD third quarter profit doubles on higher income, lower provisions

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DUBAI - Emirates NBD reported a doubling of third-quarter net profit on Wednesday, beating estimates as lower provisions and higher income bolstered earnings at Dubai's largest bank.

Middle East 7:01am BST

ABB third-quarter orders beat expectations, outlook uncertain

ZURICH - Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain.

7:03am BST

Exclusive - Apollo to launch new natural resources fund: sources

NEW YORK - Apollo Global Management LLC APO.N plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the U.S. shale boom.

6:06am BST

Yahoo CEO Marissa Mayer parries activist investor attacks

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SAN FRANCISCO - Yahoo Inc's CEO is trying to steer investor focus away from the tech company's stagnant revenue and towards achievements and growth prospects that have been flying below the radar.

Tech 3:06am BST