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Sweden: Europeans need to question pension habits
Europeans need to question their habits if they want to secure the future of their generous pension systems, Sweden's prime minister said Thursday as he opened a summit for leaders from Britain and the Nordic and Baltic countries.
European central banks to offer new stimulus
The European Central Bank and the Bank of England are preparing to offer more emergency support to the financial sector in the hope of softening the impact of a looming recession and the government debt crisis.
Holiday hits China auto sales in January
The year of the dragon rolled in with a whimper instead of a roar for China's auto industry. Car sales in the world's biggest auto market fell 24 percent in January from a year earlier, industry figures show.
Tax changes send Diageo H1 profit down 20 pct
A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets.
Mercedes helps Daimler to 57 pct Q4 profit rise
German automaker Daimler AG delivered forecast-busting fourth quarter earnings on Thursday as its flagship Mercedes business enjoyed buoyant sales in China and the United States.
Source: no extended deadline for Greek pension cut
A person close to Greece's international debt inspectors is denying that the country's politicians have been given an extra 15 days to agree to a euro300 million cut in pensions.
Hard economic times sharpen Spaniards' sneaky side
Leather seats are disappearing from cars. Precious jewels are vanishing from drawers. TVs are spirited out of homes in the dead of night.
Gulf carrier Etihad posts first profit of $14M
Etihad Airways, the fast-growing Gulf carrier, on Thursday posted its first annual profit since starting operations just over eight years ago.
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Stocks rally from early losses to close higher
Stocks staged an afternoon-long rally and closed higher Wednesday as Greece appeared to close in on the cost-cutting deal it needs to keep from defaulting on its national debt.
