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  • GENEVA, March 3- Fiat Chrysler Automobiles could sell more than 10 percent of its Ferrari subsidiary in a planned initial public offering, with a view to boosting liquidity in the shares, Chief Executive Sergio Marchionne said on Tuesday. The other 10 percent of Ferrari is owned by Piero Ferrari, vice chairman and son of the founder Enzo, who died in 1988..

  • EU officials announce bust of major tax fraud ring Tuesday, 3 Mar 2015 | 12:33 PM ET

    THE HAGUE, Netherlands— European Union officials say they have broken up a cross-border gang responsible for cheating EU member countries of 150 million euros in tax revenue. Those arrested are suspected of participating in organized fraud that deprived Germany, the Netherlands, Poland and the Czech Republic of major sums of value-added tax payments.

  • PSA claims victory in Citroen brand revamp Tuesday, 3 Mar 2015 | 12:28 PM ET

    GENEVA, March 3- French carmaker PSA Peugeot Citroen may expand sales of its C4 Cactus compact SUV to China, a senior executive said on Tuesday, in a sign that a repositioning of the Citroen brand is bearing fruit. Under the Peugeot group's Chief Executive Carlos Tavares, Citroen is attempting to forge a funky but frugal image while sister brand Peugeot challenges...

  • GENEVA, Switzerland— These cars may come with outrageous price tags, but it doesn't cost to goggle. Here's a look at some of the models showcased at the car show in Geneva, where automakers focused on powerful sports cars and luxury sedans. Photographers Laurent Cipriani, Martial Trezzini and Sandro Campardo contributed.

  • GENEVA— Russia's sinking economy is putting up a major hurdle for Ford Motor Co. and General Motors as the U.S. automakers fight to return to profitability in Europe after years of losses. He added that the company wasn't giving up on its goal of returning to profit in Europe in 2016, and that it would work to make earnings in other regions make up for diminished...

  • VIENNA, March 3- Among the "bad banks" that have emerged since the global crisis, Austria's Heta Asset Resolution stands out as a spectacular failure, brought down by setbacks ranging from the demands of accounting rules to ailing Balkan economies and a Swiss decision to let the franc surge. Questions are swirling over how things could have gone so wrong so quickly...

  • PARIS— A British investor who made millions in Russia before his lawyer was imprisoned and died is calling for an international investigation into the killing of Russian opposition figure Boris Nemtsov. U.S.-born William Browder is suggesting a probe led by the United Nations, the Council of Europe or the Organization for Security and Cooperation in Europe.

  • BRUSSELS, March 3- The European Bank for Reconstruction and Development will launch a five-year programme of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt. Suma Chakrabarti, president of the London- based EBRD, told reporters in Brussels that all its 66 state...

  • BERLIN— Switzerland has signed an accord with Australia aimed at cracking down on tax evaders. Swiss Finance Ministry spokesman Mario Tuor said it's the first time Switzerland has pledged such an automatic information exchange, though negotiations are underway with the United States and the European Union over similar accords. Switzerland says Australia...

  • *Israel, Iran tight-lipped on decades-old arbitration. *Pressure in Israel to remove secrecy. But since the 1979 revolution that brought the ayatollahs to power, Iran has been demanding its share of revenues and assets that remained in Israel.

  • PARIS— A Paris court has fined a journalist for broadcaster Al-Jazeera 1,000 euros for flying a drone without authorization over the French capital while the city was under a high security alert. The court ordered the drone confiscated but handed down no prison term to Tristan Redman, who had faced a maximum one-year prison sentence and a 75,000- euro fine.

  • *Request to detain him came from Britain- police source. Dar es Salaam, March 3- Mohammed Emwazi, the Briton identified as Islamic State killer "Jihadi John", was denied entry to Tanzania in 2009 at the request of British security services, a Tanzanian police source said on Tuesday. "When Emwazi and his friends were told they would not be allowed to enter Tanzania, they...

  • *BMW group sales up 7 pct in Feb.- CEO. GENEVA, March 3- The new boss of BMW will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, its outgoing CEO said on Tuesday. Technological changes can often wrongfoot entire industries, Norbert Reithofer told a...

  • GENEVA, March 3- Fiat Chrysler Automobiles may create a Netherlands- based holding company controlling Ferrari when it spins off the luxury carmaker later this year, FCA Chief Executive Sergio Marchionne said on Tuesday. Speaking at the Geneva auto show, Marchionne stressed the move would not be for tax reasons, but is meant to facilitate Ferrari's planned...

  • SINGAPORE/ PARIS, March 3- Chicago wheat traded little changed on Tuesday after posting its biggest daily loss in more than two months in the last session, pressured by a lack of demand for U.S. supplies as the dollar strengthens. "The concerns about frost damage in the U.S., which had driven up the price at the end of last week, appear to be dissipating again," Commerzbank...

  • BMW AG CEO Norbert Reithofer said Tuesday at the Geneva International Motor Show that his company cannot do without battery-powered vehicles such as its i3 urban compact. Only about 75,000 of the 12.5 million vehicles sold last year in Europe were electrics or hybrids. Still, auto companies have sunk billions into developing alternative propulsion...

  • GENEVA, March 3- German car and truck maker Daimler is not afraid of new competitors from the technology and telecoms industries, Chief Executive Dieter Zetsche said on Tuesday. "There is tremendous opportunity in the convergence of the West Coast tech industry and the auto industry with its huge technological depth," Zetsche said at the Geneva auto show.

  • BERLIN, March 3- The German government, flush with cash after last year posting of its first budget surplus since 1969, said on Tuesday that it will boost investment spending by some 5 billion euros over the next three years on top of 10 billion previously announced. Under pressure from its European Union partners and the United States to raise its public...

  • Oil and gas exploration company Forum Energy Plc. said the Department of Energy instructed it to halt all work in its contracted area at Reed Bank in the South China Sea off the western Philippine province of Palawan. The Energy Department issued the order because the area "falls within the territorial disputed area of the West Philippine Sea which is the...

  • Sirleaf told fellow regional leaders and delegates at an international conference on Ebola in Brussels that restoring economic growth in Liberia, Guinea and Sierra Leone is a long-term and costly task. She said that "the most important long-term response to Ebola rests on plans and strategies for economic recovery," adding that "this will require significant...