Investors stay cautious ahead of EU summit

European shares surrendered most of their early gains on Wednesday, with cyclical shares losing ground, as expectations grew that this week's European Union summit will not deliver bold steps to resolve the

BMW, Toyota eye close partnership

Bayerische Motoren Werke (BMWG.DE) and Toyota Motor Corp (7203.T) are planning to expand cooperation beyond green car technology and diesel engines, Der Spiegel magazine reported on Sunday, without citing any sources. The