Daimler AG has decided to discontinue its Maybach ultra-luxury cars after failing to find a fix for their dwindling sales and lack of profitability, barely a decade after resuscitating the Maybach brand.
FRANKFURT - Italian two-year and five-year government-bond yields soared to euro-era highs Friday as investors began giving up on the euro zone's ability to break the political gridlock that is blocking a more decisive response to the currency bloc's debt crisis.
World Bank: China faces Europe risk, soft landing possible
China's economy faces growing risks from Europe's sovereign debt crisis and from debt held by local Chinese governments but it could engineer a soft landing by easing monetary policy, the World Bank said on Tuesday.
Nov 21 (Reuters) - Kazakh oil and gas producer Zhaikmunai has signalled its intention to seek a full London listing that would qualify it for entry into the FTSE 250 index of mid-cap companies, the Financial Times reported on Monday.
SINGAPORE-Moody's Investors Service warned Monday that its stable outlook on France's triple-A rating is under pressure, in another sign the euro zone's sovereign-debt crisis is spreading from the bloc's smaller and weaker states toward core economies.