Volkswagen AG forecast its sales in China will increase 10 percent or more in 2014, signaling the German automaker will outsell General Motors Co. in the world’s biggest auto market for a second-straight year.
Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.
European government bonds advanced this week, with Italian and Irish yields falling to the lowest levels on record, as prospects of further European Central Bank stimulus fueled demand for the region’s debt securities.
Russian shares climbed the most in more than three weeks and Asian stocks advanced after talks in Geneva produced an accord aimed at easing the conflict in Ukraine. Rubber slid to the lowest since 2009.