Business  April 24, 2014
Japan minister says no accord with US over TPP trade deal
Japanese State Minister in charge of Trans-Pacific Partnership (TPP) Akira Amari (C) is surrounded by reporters after he met with US trade representative Michael Froman at AmariJapan's economy minister said Friday that Tokyo had not reached a basic accord with Washington over a Pacific-wide trade deal despite intense talks after a bilateral summit.There had been hopes that Tokyo and Washington might break an impasse in the stalled talks during US President Barack Obama's visit to Tokyo.Speaking hours before Obama's depart...  Full Story
Eurozone to pay out last tranche of Portugal aid funds in June
A trader works behind a computer screen in Lisbon on April 23, 2014, during the auction of Portuguese Treasury BillsPortugal will receive its last tranche of aid funds form the eurozone in June, the bloc's rescue fund EFSF said Thursday, as the debt-hit country gets ready to emerge from a multi-billion euro bailout programme.The final disbursement of bailout money amounting to 1.2 billion euros ($1.7 billion) was approved on Thursday by the eurozone."As we appro...  Full Story
Slovakia, Ukraine could ink gas deal on Monday
An official photo shows Oleksandr Turchynov (L), speaker of the parliament and interim Ukrainian president welcoming Slovakian Minister of Foreign Affairs Miroslav Lajcak during a meeting in Kiev on April 10, 2014Slovakia and Ukraine could sign a deal on European gas supplies to Kiev on Monday, they said after talks with the EU in Bratislava."Ukraine wants to get reverse gas flow as soon as possible but it needs more gas than it can get under the framework offered by Slovakia to secure its energy security," Ukrainian Energy Minister Yuri Prodan told reporte...  Full Story
Deal to rescue Italy furnace site, 4,000 jobs at risk
ItalyA blast furnace at an Italian steel plant was shut down on Thursday with 4,000 jobs at risk despite a call by Pope Francis for officials "to make every effort in terms of creativity and generosity to rekindle hope".The government said a deal had been signed to save the site, but it came too late to prevent the shutdown at the Lucchini plant in Piom...  Full Story
IMF to take decision on Ukraine aid on April 30
Armed pro-Russian activists stand guard next to a barricade at a checkpoint outside the eastern Ukrainian city of Slavyansk on April 24, 2014The International Monetary Fund will take a final decision on a huge rescue plan for embattled Ukraine on April 30, a spokesman said Thursday.The global crisis lender agreed tentatively last month to lend Kiev $14-18 billion over two years to lead a broader support package for the economy.The amount is part of a larger $27 billion plan announced Ma...  Full Story
Spanish PM hails 'rebuilt' economy
A picture taken on May 29, 2012 shows a coin of euro with a Spanish national flag in the background, in Lille, northern FranceSpanish Prime Minister Mariano Rajoy boasted of a "rebuilt" economy Thursday as fresh data showed the nation's strongest growth rate since a job-wrecking 2008 property crash.The eurozone's fourth-largest economy expanded by 0.4 percent on a quarterly basis in the first three months of 2014, the sharpest increase in six years, the Bank of Spain said...  Full Story
European stocks close after upbeat earnings
Stock brokers work at the stock exchange in Frankfurt am Main, central Germany on March 14, 2014. GermanyEuropean stock markets closed on an upbeat note on Thursday as traders reacted to a string of earnings updates, data pointing to further easing of eurozone economic strains, and fresh takeover speculation.Stock indices got a boost from well-received profits news from Apple and Facebook on Wednesday following the close of trading on Wall Street, ana...  Full Story
French retailer faces legal action in wake of Bangladesh disaster
A photo taken on November 28, 2013 shows the sign of the Auchan supermarket in Toulouse, southern FranceThree organisations said Thursday they had filed a judicial complaint against French supermarket giant Auchan in the first such case in Europe in the wake of the deadly Bangladesh factory disaster a year ago.Auchan says it had never placed any orders at the Rana Plaza garment factory which collapsed on April 24 last year after a catastrophic struct...  Full Story