The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Germany's E.ON suffered its biggest ever annual loss after booking billions of euros in charges on its ailing power plants, clearing the way for it to spin off these assets hit hard by ultra-low wholesale prices.
Europe's power companies are having to adapt to big changes in their industry caused by a steep decline in oil prices and a surge in renewable energy capacity which has driven many coal and gas-fired plants out of the market.
In the most drastic corporate response yet to the crisis, E.ON, Germany's biggest utility, in November announced plans to split its business. It will spin off its conventional power generation business to focus on renewables, power grids and services.
E.ON swung to a net loss of 3.2 billion euros ($3.4 billion) in 2014, compared with a profit of 2.14 billion euros a year earlier, the company said on Wednesday. Analysts had, on average, expected a net loss of 3.3 billion euros.
The loss, the biggest since it was formed by the merger of German power groups VEBA and VIAG in 2000, was triggered by 5.4 billion euros in impairment charges on power plants, including assets in Britain, Sweden and Italy.
The company expects 2015 earnings before interest, tax, depreciation and amortisation (EBITDA) of 7-7.6 billion euros, down from 8.3 billion last year.
E.ON Chief Executive Johannes Teyssen also blamed currency effects -- most notably in Russia, where E.ON makes six percent of its operating profits -- and continued low interest rates in Europe for a decline in profits.
"And no one can say with certainty how long these trends will last," he said.
Follow us on Twitter: