European shares are set for a higher open Tuesday after U.S. President Donald signed a deal with the North Korean leader, with the latter claiming there will be a major change in the world. The FTSE 100 is seen up by 5 points at 7,751; the DAX is set to open up by 49 points […]

“We never pre-commit.” This was the rule broken last week by the European Central Bank’s Chief Economist Peter Praet, one of the more dovish members of the bank’s Governing Council, as he openly said it would start to discuss the gradual exit from of its quantitative easing (QE) program this week at its meeting in […]

Germany‘s Transport Ministry on Monday said 774,000 Mercedes-Benz vehicles were found to contain unauthorized software defeat devices in Europe and ordered Daimler to recall 238,000 cars in Germany. “The government will order 238,000 Daimler vehicles to be immediately recalled Germany-wide because of unauthorised defeat devices,” Germany’s Transport Ministry said in a statement.Germany can only order […]

Four years is a long time in soccer, but players, fans and nations have long memories. Brazil was last seen at a World Cup being well beaten by the Netherlands in the third-place playoff, which followed a humiliating 7-1 demolition from Germany in the semi-final. However, one study by Goldman Sachs sees retribution in Russia […]

Saudi Arabia, Abu Dhabi and Kuwait have pledged a $2.5 billion injection into Jordan’s central bank in an effort to stabilize the country, which is facing its largest protests in years and has already seen the removal of its former prime minister, Hani Mulki. The Gulf allies are delivering the five-year aid package in the […]

Rolls-Royce shares fell Monday after it was found that a problem affecting its engines powering Boeing’s Dreamliner jets had been discovered in a different model. The U.K.-listed company had previously admitted that 400 to 500 of its Trent 1000 engines were affected by problems with blades wearing out earlier than expected. Also known as “Package […]

Britain’s Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more than 4,000 jobs this week. Britain’s best-known engineering company has been hit by a problem with a compressor in the Trent 1000 […]

British discount retailer Poundworld has fallen into administration, a form of creditor protection, administrator Deloitte said on Monday, becoming the latest victim of brutal trading conditions on the UK high street. Poundworld, majority owned by private equity group TPG Capital, trades from 335 stores across the country and its administration puts about 5,100 jobs at […]

HSBC will invest $15-17 billion in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. The announcement is Flint’s first public indication to shareholders of the strategy he intends to pursue at HSBC, […]

A radical plan to transform Switzerland’s financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday. More than three quarters rejected the so-called Sovereign Money initiative, according to the official result released from the Swiss government. All of the country’s self-governing cantons also voted […]