Saab owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move that could help it reach a goal of trebling sales volumes. Loss-making Saab, which was bought early this year by Dutch-listed Spyker from U.S.-based General Motors, is scheduled to sign a deal on Wednesday,

European shares gained on Monday, with Unilever lifting the food and beverage sector higher after the consumer goods giant said it is to acquire a U.S. hair care company for $3.7 bln. However, rises were limited as drugmakers fell. Europe's largest biotech Actelion slumped 7 percent after its haemorrahage drug clazosentan failed in a late-stage

The outlook for the Saudi banking system is stable, reflecting its resilience and strong financial fundamentals despite the continued challenging operating conditions, Moody's Investors Service said in its annual banking outlook on Saudi Arabia. "The current and historically strong financial fundamentals highlight Saudi banking system's resilience during a period when operating conditions have been challenging,"

Bank of England must not let markets lose faith in its commitment to keeping prices under control, Monetary Policy Committee member Andrew Sentance said on Monday, repeating his call for an interest rate rise. Sentance — who has unsuccessfully voted for a hike four months running — also said that embarking on a gradual tightening

Minister of Communications and Works Erato Kozakou – Marcoullis has assured that her ministry will keep up the hard work to further improve the status of the Cypriot flag, strengthen the domestic shipping industry and promote the interests of Cypriot shipping, not only in Europe but also worldwide. Addressing an event entitled ''Maritime Day 2010”

World stocks hit their highest level in nearly five months on Monday while oil prices rose as growing corporate merger activity and last week's upbeat U.S. economic data encouraged investors to buy risky assets. Unilever has agreed to buy U.S.-based hair care firm Alberto Culver for $3.7 billion in cash. A source said China's Bright

Greek and Qatari officials signed a framework deal that paves the way for the Gulf emirate to invest $5 billion in the euro zone's most indebted country, Greek officials said on Friday. A non-binding memorandum of understanding was sealed late on Thursday in New York between Qatar Investment Authority (QIA) executive Ahmad Al Sayyed and

"We expect that Greece may return to markets within the next 12 to 18 months", Caroline Atkinson, the IMF's Foreign Relations director said on Thursday. Speaking to reporters, Atkinson noted that the Greek program was proceeding as anticipated and stressed that the Greek government's contacts with its creditors -that took place recently during a road

The Greek economy has great growth potential and the present crisis could become a catalyst for a new course that could reform the economy, improving competitiveness and prosperity, Bank of Greece governor George Provopoulos said on Thursday. In a prologue to a series of surveys covering the country’s current accounts balance, published by the central