(MENAFN - AFP) The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality.
Christine Lagarde, the International Monetary Fund's managing director, said the current global recovery was still fragile following the Great Recession ...
(MENAFN - AFP) European stocks rebounded on Wednesday, brushing aside a broad retreat across Asia, as oil prices pushed higher and Deutsche Bank shares rose, recouping some of their previous days' losses.
London's benchmark FTSE 100 index increased by 0.9 percent. In the eurozone, Frankfurt's DAX 30 and Paris CAC 40 each gained 1.2 percent compared with closing levels on ...
(MENAFN - AFP) German carrier Lufthansa on Wednesday said it would buy the 55 percent of Brussels Airlines it does not already own, completing a long-mooted takeover and stepping up its battle against low-cost rivals.
Shareholders in Brussels Airlines must still agree to the deal, the statement said, adding that managers expect to complete the transaction by early 2017.
(MENAFN - AFP) The German government and Deutsche Bank were at pains Wednesday to quash speculation of a rescue plan for the troubled lender, in an effort to reassure investors spooked by a potentially massive US fine.
The denials came after Deutsche's share price sank to a record low this week on reports that Germany's biggest bank had asked Berlin for help after US authorities ...
(MENAFN - AFP) An airbag made by Takata -- the Japanese firm at the heart of the auto industry's biggest-ever safety recall -- ruptured after a crash in Malaysia which killed the driver, Honda said on Wednesday.
"Honda has confirmed that the Takata single stage driver's airbag inflator ruptured in a crash... in Malaysia" the carmaker said in a statement.