Business News

FRANKFURT, Germany (AP) — Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone as it struggles to get out of recession.The Bundesbank said Tuesday th ...more

LONDON (AP) — British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31.But shares in the Burberry Group PLC rose just over 1 percent ...more

ATLANTA (AP) — Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.Its quarterly results topped Wall Street's view and the world's biggest home ...more

LONDON (AP) — Markets were fairly choppy Tuesday as investors were reluctant to push stock indexes up further ahead of a much-anticipated statement from U.S. Federal Reserve chairman Ben Bernanke.The Fed is conducting its third round of massive ...more

BANGKOK (AP) — The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.Benchmark crude for June delivery was down 28 cents to $96.43 per barrel at late afternoon Ban ...more

NICOSIA, Cyprus (AP) — In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that Yiannis Maratheftis had written a book detailing his experiences. The book was ab ...more

NEW DELHI (AP) — Chinese Premier Li Keqiang told Indian business leaders Tuesday that developing stronger economic ties between their two nations would have huge benefits for both sides.Li spoke a day after holding meetings with Indian Prime Min ...more

LONDON (AP) — Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.The Office for National Statistics said Tuesday that the annual rate fell to 2.4 percent in April ...more

LONDON (AP) — The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract.The company said Tuesday that Nick Buckles will be replaced by Ashley Almanza, a senior executi ...more

BANGKOK (AP) — Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.The Fed is currently conducting the third round of massi ...more