Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013.
FRANKFURT, Feb 1- Daimler secured a stake in its partner BAIC Motor ahead of a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world.
STOCKHOLM, Feb 1- Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013 after posting a smaller-than-expected rise in fourth-quarter earnings.
Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.
Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.
ST. PAUL, Minn.-- Minnesota Gov. Mark Dayton is planning a trade mission to Germany, Sweden and Norway in June.
NEW YORK, Jan 31- The euro was headed for its best month in more than a year against the dollar on Thursday, as signs of recovery in the euro zone's economy and banks set the currency on a bullish trend. The euro probably wants to go higher and the yen probably wants to go lower, "said Nick Bennenbroek, head of currency strategy, at Wells Fargo Bank in New York.
*German retail sales data and Deutsche Bank results weigh. The euro was down 0.1 percent at $1.3550, though not far from Wednesday's high of $1.3588, its strongest level since November 2011.
STOCKHOLM, Jan 31- A sales recovery at Ericsson's key networks unit raised hopes on Thursday the world's top mobile telecom gear maker is beginning to shake off the global downturn.
STOCKHOLM-- Wireless equipment maker Ericsson posted a 6.46 billion kronor loss in the fourth quarter due to a massive one-time charge, but said Thursday its sales rose 5 percent as mobile operators invested in broadband networks.
LONDON, Jan 30- Brent crude oil hit a three-month high on Wednesday, reaching $115 a barrel after better-than-forecast European data spurred optimism over the global economy, despite disappointing U.S. economic growth figures. Brent crude oil futures were 35 cents higher at $114.71 a barrel by 1623 GMT after hitting $115.24, their highest since Oct. 16, 2012.
NEW YORK, Jan 30- An unexpected contraction in the U.S. economy in the fourth quarter sent stocks in Europe and the United States lower on Wednesday but helped keep the euro close to a 14- month high on expectations the U.S. central bank will continue its easy monetary policy.
LONDON, Jan 30- Brent crude oil reached its highest level in three and a half months on Wednesday, passing $115 a barrel after better-than-forecast European data spurred optimism for the global economy. Brent crude oil futures were 20 cents higher at $114.56 a barrel by 1425 GMT after hitting $115.24, their highest since Oct. 16, 2012.
The 30- day correlation between the Thomson Reuters-Jefferies CRB commodities index and the S&P 500 equities index has slid to 0.24 from 0.7 in late November.
LONDON, Jan 30- A surprise contraction in the U.S. economy in the fourth quarter hit shares on Wednesday and also helped keep the euro close to a 14- month high. There had been optimism earlier in the day after several encouraging reports on the European economy that saw the euro break above $1.35 for the first time since December 2011. "
STOCKHOLM, Jan 30- Truck maker Scania is cutting production and jobs in Europe after sluggish demand in its biggest market led it to miss quarterly profit forecasts despite a surge in orders from Brazil.
LONDON, Jan 30- Brent crude oil reached its highest in three and a half months on Wednesday at close to $115 a barrel after better-than-forecast European and U.S. data spurred optimism in the global economy. Brent crude oil futures were 25 cents higher at $114.61 a barrel by 1016 GMT after hitting $114.73, their highest since Oct. 16, 2012.
*Pretax profit 6.6 bln SEK vs consensus 6.8 bln. STOCKHOLM, Jan 30- Hennes& Mauritz, the world's No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex.
LONDON, Jan 30- Brent crude oil fell slightly on Wednesday but held close to a three-month high above $114 a barrel, underpinned by optimism about the U.S. economy after data showed a recovery was gaining ground. Brent cruse oil futures were 20 cents lower at $114.16 a barrel by 0903 GMT on nerves ahead of a U.S.