Polish banks will face costs of 20 billion to 30 billion zlotys ($5.1-$7.6 billion) due to the European Court of Justice’s (ECJ) ruling on Swiss-franc mortgages, Polish rate-setter Eugeniusz Gatnar…

Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public…

Pepco Group, a European discount retailer, has appointed former Tesco executive Trevor Masters as managing director of its largest business, Pepco. The group, formerly called Pepkor Europe and part of…

1/TRADE TENSION HEADACHES Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into…

Wall Street equity indexes ended a volatile session lower on Monday while oil prices gave up early gains and the dollar rose as investors looked for safety ahead of U.S.-China…

Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential…

Tesco’s (TSCO.L) financial arm intends to appoint John Kingman, the businessman who oversaw Britain’s bailout of its banks during the financial crisis, as its chairman. Tesco Bank on Monday appointed…