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(MENAFN - AFP) Expanding telecom group Altice announced Tuesday it had completed the 7.4 billion euro ($8.26 billion) acquisition of Portugal Telecom from Brazilian owner Oi.

Owner of French telecom Numericable-SFR, Altice said it had finalised the Portugal Telecom acquisition after European regulators cleared the deal April 1 on conditions that Altice sell its previous Portuguese ...

 
(MENAFN - AFP) European stocks tumbled on Tuesday as the Eurogroup chief reported slow progress in debt talks between Athens and its creditors aimed at preventing Greece from defaulting.

The CAC 40 in Paris shed 0.41 percent to close at 5,004.46 points, while in Frankfurt the DAX 30 fell 0.94 percent to 11,328.80 points.

Outside the eurozone, London's benchmark FTSE ...

 
(MENAFN - AFP) The Organisation for Economic Cooperation and Development, derided as a "rich nations' club" that vegetated in its Parisian chateau for decades, has redefined itself as the go-to resource for economic analysis.

"When I started my career (at the French finance ministry) in 1996, they sent me to visit the OECD. I said to myself, 'God, I hope I don't end up here!'" ...

 
(MENAFN - AFP) One in three American teenagers have changed their behavior after looking up health information online, according to a major study on adolescents and technology released on Tuesday.

Of 1,156 US teens aged 13 to 18 years old surveyed, 84 percent said they have used the Internet to seek out health information.

When asked where they got "a lot" of their ...

2 Jun 2015   US auto sales solid in May 
 
(MENAFN - AFP) US auto sales continued to grow at a solid pace in May with low fuel prices boosting demand for trucks and sport utility vehicles, industry data showed Tuesday.

''With the national average price of gasoline down nearly a dollar per gallon on average from one year ago, truck and SUV demand remains strong, elevating average transaction prices, especially for ...

 
(MENAFN - AFP) European plane manufacturer Airbus said Tuesday it had received a firm order from US low-cost Frontier Airlines for 12 medium-haul A320 family aircraft in a deal worth $1.3 billion (1.2 billion euros) at list prices.

The order for 10 A321 and two A320 aircraft are for planes equipped with current-generation engines, but will have wing-tip fins that help reduce ...

 
(MENAFN - AFP) The head of the German unit of the world's biggest brewery company has lost his job over a drink-driving incident, a spokesman said Tuesday.

Till Hedrich, who had run Anheuser-Busch InBev's operations in the beer-loving country since January, is leaving the company "with immediate effect", spokesman Oliver Bartelt said in an email.

He said Hedrich, 44, ...

 
(MENAFN - AFP) Danish shipping giant A.P. Moeller-Maersk said Tuesday it had agreed to buy 11 "mega" container ships for $1.8 billion (1.6 billion euros) with the option to acquire another six from South Korea's Daewoo.

"These vessels will help us stay competitive in the Asia-Europe trade and will be key in our strategy to grow with the market," chief operating officer Soren ...

 
(MENAFN - AFP) OPEC member Angola declared Tuesday that $80 might be the "right oil price" for the market, ahead of this week's key production meeting in Vienna.

"The country has suffered a lot from the drop in oil prices, you know that oil represents 98 percent of our revenues and this is a lot," Oil Minister Jose Maria Botelho de Vasconcelos told reporters upon his arrival ...

 
(MENAFN - AFP) Brazil's troubled state-run oil giant Petrobras has issued $2.5 billion in bonds as it tapped the market for the first time since a corruption scandal cost it a bundle.

The 100-year bonds were issued Monday in dollars and carry an interest rate of 8.45 percent, the company said in a statement.

It is the first time the company has issued bonds with such ...

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