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(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) Belgian-Brazilian brewer AB InBev savoured its status as the global leader in the beer industry after investors approved Wednesday its buyout of British rival SABMiller.

Shareholders in SABMiller -- currently the producer of Foster's, Grolsch and Peroni lagers -- overwhelmingly approved $103-billion (92-billion-euro) takeover from the maker of Budweiser, Corona ...

 
(MENAFN - AFP) The EU on Wednesday launched an in-depth investigation into whether the blockbuster attempt by the Frankfurt stock exchange to merge with its London exchange rival harms competition.

The EU team, led by the hardened Competition Commissioner Margrethe Vestager, has 90 days to assess the merger which has already hit turbulence after the shock decision by Britain ...

 
(MENAFN - AFP) Orders for US manufactured durable goods were unchanged in August, hitting a plateau after rising in July, according to data released Wednesday by the Commerce Department.

Total new orders for manufactured goods totalled $226.9 billion, barely changed after having risen 3.6 percent in July. Analysts had forecast a decrease of 1.9 percent for August.

However, ...

 
(MENAFN - AFP) BlackBerry, the Canadian firm that helped pioneer the smartphone market, said Wednesday it will stop making handsets, outsourcing production to an Indonesian partner.

Handsets with the BlackBerry name will be produced under license by PT Tiphone Mobile Indonesia Tbk, allowing the Canadian firm to concentrate on software and services, a statement by the firms ...

 
(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.

Lufthansa ...

 
(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.

But it added ...

 
(MENAFN - AFP) European stock markets rebounded on Wednesday, brushing aside a broad retreat across Asia, as investors paid close attention to a meeting of OPEC to tackle a global supply glut.

Around 1030 GMT, London's benchmark FTSE 100 index was up 0.7 percent. In the eurozone, Frankfurt's DAX 30 and Paris CAC 40 indices each jumped 1.0 percent compared with closing levels ...

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