Business News Headlines

Sat, Apr 19 2014

Vivendi's SFR to partner with Vodafone - CEO

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PARIS - The head of Vivendi's French telecom unit SFR, won by cable company Numericable in a fierce bidding war, said in comments published on Saturday it planned to partner with Britain's Vodafone in a network-sharing project.

19 Apr 2014

China set to replace U.S. as Volvo's biggest market this year

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BEIJING - China is set to surpass the United States to become Volvo Car Group's biggest market in 2014 with sales of at least 80,000 cars in the world's largest auto market.

3:05am BST

Toyota Motor aims to double sales in China to 2 million vehicles in future

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BEIJING - Toyota aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday, as the top global car maker plays catchup to rivals, such as Volkswagen , in the world's largest auto market.

4:30am BST

German financial watchdog - Low interest rates could trouble bigger insurers

FRANKFURT - Some bigger German life insurance companies could find themselves struggling if low interest rates persist, according to comments made by the country's top insurance regulator in an interview with a newspaper.

1:06am BST

Comcast in talks with Charter over divestitures - source

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- Comcast Corp is in talks with Charter Communications over selling or spinning off roughly 3 million subscribers worth approximately $18 billion (10.70 billion pounds) to $20 billion as part of the divestitures related to its $45.3 billion takeover of Time Warner Cable , according to a source familiar with the matter.

19 Apr 2014

Italy's Treasury to give Monte Paschi more time to pay interest in cash - paper

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MILAN - Italy's Treasury may allow loss-making Banca Monte dei Paschi di Siena more time to pay interest on a state bailout, to ensure the sum is paid in cash rather than in bank shares, Corriere della Sera reported on Saturday.

19 Apr 2014

Fri, Apr 18 2014

Insight - Compensation battle rages four years after BP's U.S. oil spill

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- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

Gulf Oil Spill 18 Apr 2014

Sat, Apr 19 2014

Fiat Chrysler strikes deal to produce Jeeps in China

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MILAN - Fiat Chrysler has reached an agreement to start producing Jeep vehicles in China with partner Guangzhou Automobile Group Co , the companies said on Saturday, as Fiat tries to catch up with competitors in a fast-growing market.

19 Apr 2014

VW has agreed budget car concept, design - manager

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BEIJING - Volkswagen has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project's completion after a long struggle to meet cost targets for the vehicle.

19 Apr 2014

Russia's PM says government has funds to honour social spending pledges

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MOSCOW - Russia's government has enough resources honour all its social spending pledges although this will not be easy, Prime Minister Dmitry Medvedev was quoted as telling the country's president on Saturday as tensions over Crimea add to Moscow's economic ills.

19 Apr 2014