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Germany to raise spending, keep budget balanced in 2017

  AP Germany’s finance minister says the country will keep its budget balanced despite increasing spending on research, training and infrastructure, as well as dealing with the huge influx of migrants last year. Germany’s budget has been balanced since 2014 and Finance Minister Wolfgang Schaeuble told Parliament on Tuesday his plans through 2020 foresee it remaining that way. His budget ...

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Swiss economy grows at fastest pace

  Bloomberg Swiss economic momentum accelerated in the second quarter, exceeding that of the euro area and hitting its fastest pace since 2014. Gross domestic product rose 0.6 percent in the three months through June, after gaining a revised 0.3 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said on Tuesday. That jump, helped by ...

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Volkswagen to take big stake in Navistar

  Bloomberg Volkswagen AG will buy a 16.6 percent stake in Navistar International Corp. for $256 million as part of a strategic alliance with the struggling US truckmaker to enter the North American market. VW will pay $15.76 per share for the stake, which is part of a collaboration that includes technology sharing and joint purchasing, Navistar said on Tuesday. ...

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