Business Blog

The latest models on display at the Detroit Motor Show

Retail sales in the US fell by 0.9% in December, according to the latest figures from the Commerce Department.

* World Bank cuts growth forecasts, deflation fears grow* Stocks, commodities, yields fall* Safe-haven Japanese yen gains ground against dollar* Legal opinion on ECB bond-buying helps trim losses(Updates prices, adds JPMorgan, U.S. futures)By Lionel LaurentLONDON, Jan 14 (Reuters) - Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 20

* US, Iran start preparatory talks on Iranian nuclear work * Zarif: Talks with Kerry help gauge if progress possible * On Charlie Hebdo, Zarif says "sanctities" need respect (Adds background, details) By Arshad Mohammed and Stephanie Nebehay GENEVA,...

A top EU lawyer has said that the European Central Bank's bond-buying programme is legal, paving the way for efforts to stimulate the eurozone economy.

* Not able to arrive at a value creating transaction-CIMB * RHB cites current economic conditions to abort merger * Exclusivity agreement entered into by banks terminated (Add details, quotes, update share prices) By Yantoultra Ngui and Praveen Menon...