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  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • HAMBURG, April 25- An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. Ivory Coast in February asked the Hamburg- based International Tribunal for the Law of the Sea to issue a moratorium on oil...

  • HAMBURG/ FRANKFURT, April 25- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle Ferdinand Porsche, had...

  • Volkswagen chairman Piech resigns after dispute over CEO Saturday, 25 Apr 2015 | 12:38 PM ET

    FRANKFURT, Germany— Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO. Piech had said in an interview with Der Spiegel published earlier this month that he was distancing himself from CEO Martin Winterkorn.

  • HAMBURG, April 25- An international maritime tribunal on Saturday ruled that Ghana can continue production in a multi-billion dollar offshore oil development in an area caught up in a border dispute with Ivory Coast, but must not start new exploration. "The decision means that Ghana can continue production from existing oil fields in the disputed area but not...

  • Ghana can continue production in Ivory Coast oil dispute Saturday, 25 Apr 2015 | 11:02 AM ET

    Ivory Coast had made a request to the Hamburg- based International Tribunal of the Law of the Sea that Ghana suspend oil exploration and exploitation operations in the disputed area while legal hearings expected to take several years into the dispute are held.

  • Germany hints at preparations of a Plan B on Greece Saturday, 25 Apr 2015 | 8:37 AM ET

    *Greece under pressure to deliver reform list to creditors. At a briefing with reporters after a tense meeting of euro zone finance ministers on Greece on Friday, Schaeuble was asked if euro zone finance ministers were working on a "Plan B" in case negotiations on funding with cash-strapped Athens fail. At the ministers' meeting on Friday, Greece was sharply...

  • Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts. Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what...

  • FRANKFURT, April 24- Deutsche Bank will cut back investment banking, sell its Postbank retail chain via a public share offering and reduce costs, the group said late on Friday, in a restructuring plan designed to boost profits. Germany's largest bank is under pressure to revive its performance as new regulations, legal headaches and weak markets eat into returns...

  • Germany's Deutsche Bank changes tack on Postbank Friday, 24 Apr 2015 | 6:12 PM ET

    BERLIN— Germany's Deutsche Bank AG says it plans to "deconsolidate" its Postbank retail banking unit, in which it has held a majority since 2010.. Germany's biggest bank said after its supervisory board met Friday that it also envisions investing in its transaction banking, asset and wealth management and retail businesses. Deutsche Bank agreed this week to pay...

  • *Fifty line up at one Tokyo store, more in Berlin. NEW YORK/ TOKYO, April 24- The Apple Watch launched quietly around the world on Friday without the usual frenzy or fanfare for an Apple Inc rollout, as a handful of boutiques in major cities like Tokyo and Paris sold the timepiece- but not for purchase at its own stores. Shops included The Corner in Berlin, Colette in Paris,...

  • Business events scheduled for the coming month Friday, 24 Apr 2015 | 1:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..

  • *Fifty line up at one Tokyo store, more in Berlin. TOKYO, April 24- A small group of Japanese tech-addicts lined up in Tokyo to become the first consumers to buy the Apple Watch from selected stores on Friday, but there was no sign of the frenzy that usually accompanies Apple Inc product rollouts. They include The Corner in Berlin, Colette in Paris, Maxfield in Los...

  • FRANKFURT, April 24- Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability. The strategy decision, which may be announced as early as Friday evening, takes place under a cloud after U.S. and British authorities on Thursday imposed...

  • TAIPEI, April 24- Apple Inc aims to ship at least 20 million Apple Watches this year, well above many analysts' forecasts, according to supply chain sources. Shipment estimates for the smartwatch, Apple's first wearable gadget that went on sale on Friday, vary widely as it's a relatively new type of consumer product and the market is largely untapped.

  • FRANKFURT, Germany— A closely watched survey of optimism among German businesses shows that confidence grew for a sixth straight month in Europe's biggest economy. Analyst Carsten Brzeski at ING said that "the German economy is in decent shape" and that "the first months of the year point to a good, though not excellent, growth performance in the first quarter.

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • Review: Getting your Apple Watch? Here's how to use it Friday, 24 Apr 2015 | 12:36 AM ET

    NEW YORK— Apple Watches are arriving Friday to the first group of people who had ordered one two weeks ago. Those who haven't ordered one yet will likely face a wait. Maxfield in Los Angeles is carrying the watch, along with boutique and department stores in Paris, London, Tokyo and Berlin and authorized resellers in China and Japan.

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • Apple Watch goes on sale worldwide amid supply shortage Thursday, 23 Apr 2015 | 5:04 PM ET

    SAN FRANCISCO, April 23- The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buyers can take the smart watch home from a handful of upscale boutiques and department stores, such as The Corner in...