World Business News

Kraft Foods Group Inc, which sells Planters peanuts, Oscar Mayer lunch meat and Velveeta cheese, said it approved a $650 million restructuring plan related to its spin-off from Kraft Foods Inc in October.

Italy has lost its position as the world's premier gold jewellery exporter, overtaken by India and the United States, and risks slipping further due to its high cost base and tariff barriers.

Shares of Hon Hai Precision Industry, a major assembler of Apple products, rose after strong iPhone and iPad demand lifted income.

The Bank of Japan has boosted its key stimulus measure amid concerns that Japan's economic recovery may be running out of steam.