S&P Confident Australia Will Fix Fiscal Position

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Standard & Poor's says it is confident Australia's Senate will approve sufficient budget savings to bring about a meaningful repair of the country's fiscal position, which will support its AAA rating.

Hermès Warns on Currency Effects

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French luxury-goods company Hermès International warned that currency shifts will continue to drag on its full-year profit margin, even though it recorded a rise in first-half profit and sales.

Pernod Ricard Confirms Jobs Cuts

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Pernod Ricard confirmed it will cut around 900 jobs globally, having posted a drop in full-year profits as it continues to fight a sharp decline in sales in China.

Google Testing Delivery Drones

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Google's advanced-research lab said it is developing a system of drones to deliver goods. Rival Amazon.com is also testing delivery drones, and Domino's tested delivering pies via drone in 2013.

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