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ANA, Lufthansa Announce Cargo Business Tie-Up

Japan's All Nippon Airways (ANA) and Lufthansa of Germany on Wednesday announced an air cargo tie up as they look to fight off intense competition from budget airlines on passenger routes.

The airlines said they had won regulatory approval for the agreement, which will see them integrate network planning, pricing, sales and handling on all routes between Japan and Europe.

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Spain Jobless Rate Creeps Back after Summer Boost

Spain's jobless queue lengthened slightly in August as the summer hiring boom tailed off but the indicator was stronger than a year ago, government figures showed Tuesday.

The number of people in Spain registered as unemployed crept up by some 8,000 to 4.43 million in August compared to 4.42 in July, the figures from the employment ministry showed.

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$2.4B Revel Casino to Shut Down Early Tuesday

Little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market, Revel will close its doors Tuesday morning.

The 6 a.m. casino shutdown follows the closure of its hotel on Monday.

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WSJ: Portugal Bank Got Goldman Sachs Loan before Collapse

Goldman Sachs stands to lose money on a multi-million euro loan it made to one of Portugal's largest banks a month before it collapsed, the Wall Street Journal reported on Tuesday.

The U.S. investment bank made the $835-million (635-million-euro) loan in July through a Luxembourg financing vehicle it created at a time when Banco Espirito Santo, on the verge of bankruptcy, found it nearly impossible to borrow money directly in capital markets, the newspaper said.

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As Woes Mount, Economic Stats Vanish in Venezuela

Prices keep rising in Venezuela, economic activity is sputtering and shops struggle to fill their shelves.

But don't ask the central bank how bad things really are: it hasn't published key data in months.

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Alibaba IPO Comes with Unusual Structure

Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.

Alibaba's online and mobile commerce businesses will be controlled by a "variable interest entity," an arrangement meant to allow investors to buy into Internet and other businesses in which Beijing bans or limits foreign ownership.

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Heineken Says Selling Mexican Packaging Business for $1.2 bn

Dutch brewing giant Heineken on Monday announced selling Mexican-based packaging business Empaque to U.S.-based Crown Holdings in a deal worth more than one billion dollars.

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'Blair-Like' PM Divides French Socialists

Splits in France's ruling Socialist Party, which sparked an emergency government reshuffle last week, continue to widen as members on the left flank snipe at a prime minister they see as attempting a "Tony Blair"-style lurch to the right.

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CaixaBank to Buy Barclays Spain Operations

Spain's third-biggest bank by capitalisation CaixaBank is to buy Barclays' Spanish operations for 800 million euros ($1.1 billion) as the British bank undergoes major restructuring, Barclays said on Sunday.

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Hollande Announces EU Summit on Economy in Italy October 6

French President Francois Hollande announced on Saturday that EU leaders would hold a summit in Italy in early October aimed at boosting growth and jobs in the bloc.

"We supported the proposal of (Italian Prime Minister) Matteo Renzi to have a summit of the 28 (EU member states) in Italy on October 6," Hollande told reporters after a meeting of center-left leaders in Paris.

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