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Box stock skyrockets 66% during IPO

Box Inc’s shares soared 66 percent in their stock market debut on Friday despite the online storage provider’s decade-long history of losses, a showing that might encourage more unprofitable technology startups to go public this year. The start on the New York Stock Exchange came afterFULL STORY

Spain to sell parts of AENA in privatization

The Spanish government on Friday said it would float a section of the world’s largest airport operator, AENA, as part of a much-delayed privatization of the firm, Europe’s first major stock market listing of the year. The government plans to list 28 percent of theFULL STORY

Aspects of Mexican train tender not fair: watchdog

Mexico’s antitrust watchdog on Friday said that some aspects of a new tender to build a high-speed train system would hinder fair competition, adding a new stumbling block for Mexico’s government after a political scandal regarding a prior contract. Mexico’s Federal Competition Commission issued a seriesFULL STORY

MasterCard to lift transaction block

MasterCard Inc said that it would lift a block on US bank card transactions in Cuba after receiving guidance from the US Department of the Treasury’s Office of Foreign Assets Control. The change is to take effect on March 1, according to a bulletin that theFULL STORY

China, Australia plan to open more flights, routes

Australia and China are allowing more flights with each other, and paving the way for new routes, in an air services pact that follows a historic free-trade agreement they struck last year. China is Australia’s top trading partner and its most valuable tourism market, with almostFULL STORY

Second French suspect charged in ‘LuxLeaks’ probe

A second French suspect was charged on Friday with theft and money laundering in ongoing investigations probing the leaking of secret tax-dodging deals between Luxembourg and multinational companies — a scandal dubbed “LuxLeaks.” The identity of the new suspect has not been released, but a sourceFULL STORY

Swiss watchmakers jolted by removal of currency cap

By Raphael Minder and Victoria Gomelsky

At Geneva’s annual luxury watch fair this week, Vincent Malissen was delighting in the intricacies of a gleaming timepiece from Vacheron Constantin, one of Switzerland’s most prestigious watchmakers. The price starts at 288,000 euros. However, when it came to confirming whether that pricing, equivalent to US$334,000 atFULL STORY

Insurance via Internet poses threat to agents

By Conor Dougherty

To the list of jobs threatened by the Internet, add one more: insurance agent. Technology startups and companies from the insurance industry are introducing Web sites that sell or promote a range of insurance, including auto, homeowners and small commercial policies. These portals, which promise savingsFULL STORY

Coworking facilities provide offices in exotic locales

By Tanya Mohn

Hotels and resorts have long catered to travelers who cannot disengage from their jobs. However, there is increasingly a new option for those who need to work, but who also want the benefits of a vacation. These new centers are an offshoot of coworking spaces, whichFULL STORY

European stocks rally on ECB move

European stocks climbed, posting the best weekly performance since December 2011, amid optimism the European Central Bank’s (ECB) quantitative-easing (QE) measures would spur economic growth in the region. The STOXX Europe 600 Index rose 1.7 percent to 370.37 at the close of trading on Friday, theFULL STORY

Euro plunges to 11-year low on ECB stimulus plan

The euro plunged to an 11-year low as European Central Bank (ECB) president Mario Draghi rocked the market with a sovereign-bond buying program that exceeded forecasts. The 19-nation currency fell versus 27 of its 31 major peers, posting its biggest weekly drop in three years afterFULL STORY

US equities ride higher on ECB, corporate profits

A tumble of blue-chip stocks on Friday failed to erase another week of gains for Wall Street. US stocks managed to claw back most of the losses from the beginning of the year, buoyed by a larger-than-expected stimulus from the European Central Bank (ECB), generally higherFULL STORY

Oil falls as Saudis signal continuity; gold retreats

Oil fell to the lowest in almost six years on Friday on speculation the death of King Abdullah of Saudi Arabia would not signal any change in strategy for the world’s largest crude exporter. US benchmark oil futures slid 1.6 percent, reversing an initial gain ofFULL STORY

Rupiah, peso, rupee lead Asia as ECB spurs yield hunt

The Philippine peso, Indonesia’s rupiah and India’s rupee rallied the most in Asia this week on signs the European Central Bank’s (ECB) stimulus program would boost fund flows to higher-yielding emerging-market assets. The peso strengthened 1.2 percent from Jan. 16, the most since May, to 44.177FULL STORY

World Business Quick Take

TECHNOLOGY Microsoft to buy Revolution Microsoft Corp on Friday agreed to buy startup Revolution Analytics, which makes tools to sift through data, to help the company build up its cloud-services business. Terms were not disclosed. The deal was driven by the growing volumes of data that companiesFULL STORY

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