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23 hours ago
HONG KONG (Reuters) - Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford's Volvo car unit to the Chinese automaker, a source with knowledge of the talks said on Wednesday, paving the way for the biggest acquisition of a foreign automaker by a Chinese company.The two parties are expected to issue a statement later on Wednesday to report on the progress of the talks.1 days ago
LONDON (Reuters) - The Bank of England is prepared to expand its quantitative easing programme to ensure economic recovery is sustained, the Daily Mail reported, citing authoritative sources.The Bank of England launched a 200 billion pound asset purchase scheme focussed on buying gilts in March to haul Britain out of its deepest downturn in decades.2 days ago
SEATTLE (Reuters) - Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs.The world's largest software company made the announcement shortly after a U.S. court of appeals upheld a $290 million (181.5 million pound) jury verdict against it for infringing a patent held by a small Canadian software firm.1 days ago
LONDON (Reuters) - The French government has ordered military vehicles and servicing worth 220 million pounds from BAE Systems, The Times reported in its Wednesday edition.An initial order for 53 BAE BvS10 vehicles, known as Vikings, will eventually rise to a total of 129. The vehicles will be built at BAE's factory in Sweden, said the report.24 hours ago
By Ingrid Melander and George GeorgiopoulosATHENS (Reuters) - Moody's Investors Service cut Greece's debt rating on Tuesday but partially reassured financial markets by saying the country remained far from a crisis, igniting a rally in Greek bonds and bank stocks.
