Spain's Economy Sinks Deeper

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Spain's economy sank deeper into a spiral of price declines in August, compounding worries that countries on the periphery of the euro zone may be entering a period of deflation as they struggle to rebound from recession.

Kia Wrestles With Sibling Hyundai

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South Korea's Kia Motors has become one of the world's most successful auto brands some 16 years after it was rescued from bankruptcy by Hyundai. Now it faces a new challenge: overcoming competition from its savior.

Saab Auto Owner Goes Bust

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The Chinese-backed company that bought Sweden's Saab auto brand out of bankruptcy has filed for bankruptcy protection itself.

France's Bouygues Warns on Sales Growth

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French conglomerate Bougues SA has slightly lowered its forecast for full-year revenue amid a price war in France's telecom sector as the proceeds from asset sales gave its first-half net profit a lift.

Germanwings Pilots to Strike

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Pilots of Lufthansa's budget subsidiary Germanwings said they plan to strike this Friday, even after the union and the airline had agreed to resume talks to resolve a dispute over retirement benefits.

Diageo Aims to Recharge Guinness in Africa

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Diageo is pitching Guinness to younger drinkers across Africa in an attempt to revive sales of the Irish stout, which have stalled in the past year as the continent's economies have sputtered.

Alibaba's Results Jump Ahead of IPO

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Alibaba reported big growth in revenue from mobile devices, which may bolster its case next month when the Chinese e-commerce giant begins to pitch investors on its long-awaited initial public offering.

Argentina, Malaysia Reach Shale-Oil Deal

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YPF and Malaysia's Petronas are establishing a joint venture to drill for shale oil in Argentina's massive Vaca Muerta formation.

Telefónica, Telecom Italia Jostle for Vivendi's GVT

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Spanish telecom giant Telefónica sweetened its bid for Vivendi's Brazilian operator GVT to $9.83 billion in cash and shares, following a rival bid by Telecom Italia.

Vietnam Airlines IPO Seen as Test

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Vietnam Airlines plans to sell a stake in an initial public offering this year, a move seen as a test of the government's commitment to reforms and its ability to promote the Southeast Asian nation's economic growth story.

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