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The euro edged higher against the dollar on hopes European leaders will find a way to alleviate Greece’s simmering debt crisis.
Volkswagen has confirmed it will have to delay its merger with Porsche beyond this year because of legal issues.
HSBC says it will lay off 3,000 people in Hong Kong over the next three years as part of its aggressive cost-cutting plan in five places – Hong Kong, the United States, Brazil, Canada and Mexico.
A Swedish court has rejected Saab’s application for protection from creditors, pushed the ailing carmaker closer to collapse
President Barack Obama plans more than 200 billion euros worth of tax cuts and spending on infrastructure as well as aid to state and local governments as part of a job-creating package, according to US media reports.
Saab seems to be creeping closer to the end of the road. The Swedish carmaker, which is seeking to stave off its creditors, has filed for bankruptcy protection with a local court.