The European Central Bank has left its key interest rate at a historic low, pausing to assess the impact of its recent rate cut on the eurozone economy. But more monetary action might be needed to spur growth in 2014.
German pharmaceutical and chemicals firm Merck has offered to buy AZ Electronic Materials. Its bid for the UK-based materials manufacturer aims to bolster Merck¿s position as the world¿s top producer of liquid crystals.
US auto giant General Motors (GM) has unveiled plans to withdraw its Chevrolet brand from markets in Europe. The move aims to strengthen GM¿s other struggling European brands, Opel in Germany and the UK¿s Vauxhall.
Two US Senate committee heads, dealing with national security, have expressed their concern over a network provisions deal between Huawei and South Korea. But the UK is 'comfortable' with the Chinese firm.
The Organization of Petroleum Exporting Countries (OPEC) has decided not to increase oil production next year. Satisfied with current oil prices, the 12-nation cartel also sees no reason to trim output.
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