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European shares extended gains in the afternoon session on Wednesday, helped by a successful bond auction in Italy and the U.S. Federal Reserve's defense of its asset purchases on Tuesday.
U.S. stock index futures edged higher Wednesday following the durable goods orders report and ahead of Fed Chairman Ben Bernanke's second round of testimony, but ongoing worries over political deadlock in Italy kept a lid on gains.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.
Boeing denied misconduct by its managers afterb a union representing engineers and technical workers accused the planemaker's security staff of intimidating some members over labor contract votes.
Boeing started the year ahead of its European rival Airbus, after clinching the industry's top spot in 2012, with broadly higher orders and deliveries in January, data showed on Friday.
European shares suffered steep falls on Monday as mounting political uncertainty in the peripheral euro zone prompted investors to lock in profits on indexes trading close to multi-year highs.
Airbus CEO Frabrice Bregier has told CNBC, at the World Economic Forum in Davos, that the issues faced by Boeing with its 787 Dreamliner, will not lead to delays in certification of Airbus's A350 which is currently under development.
Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing 787 Dreamliner, which has been grounded for a week with no end in sight.
European shares closed flat on Tuesday as shares of Deutsche Bank weighed heavily on Germany's DAX Index after rumors that the German financial sector regulator had asked it to simulate a split of investment banking and retail operations.
Europe's Airbus posted a 43 percent drop in orders and surrendered its crown as the world's largest planemaker to Boeing last year, but predicted improvements in both orders and deliveries for 2013 as airlines seek to reduce fuel costs.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.
*Chemring profit warning contributed to delay- source. has been granted more time by the UK Takeover Panel to hammer out a deal to buy Chemring Group Plc, which makes defence equipment such as flares and explosive device detectors. Carlyle now has until Nov. 9 to either bid for Chemring or walk away.
EADS boss Tom Enders has been accused of being "naive" for misunderstanding the nature of Berlin's political structure and failing to approach Germany directly over the group's proposed merger with BAE Systems.