Swatch shrugged off the impact of the strong Swiss franc to report an 18% rise in full-year net profit and said it expects growth to continue this year

Drydocks World, Dubai's shipyard arm, is considering the sale of its entire Southeast Asian ship-building and repair operations in an effort to advance the restructuring of $2.2 billion of the company's debt, three bankers familiar with the situation said.

Spain's three largest banks said they would set aside €7.54 billion in additional provisions for property risk this year in order to comply with a new government plan to clean up the country's financial sector.

ArcelorMittal, the world's largest steelmaker by volume and revenue, said that slowing global demand for steel led to a wider fourth-quarter loss from a year earlier and lower full-year results.

Oracle rejected a $272 million award in its intellectual-property theft case against SAP, an expected move that sets the stage for a new trial between the bitter software rivals.