UK-China nuclear plant deal agreed worth £18bn
Fiat and Starbucks must repay tax - EU regulator
Chinese tourists to get cheaper visas - FT
Ferrari shares close higher on stock market debut
Argos owner warns of 'unpredictable' Christmas
Image source, APMerlin hopes to sell Kung Fu to the Chinese - well at least Kung Fu Panda.
It is exploring the idea of "DreamWorks Tours - Kung Fu Panda Adventures".
(Kung Fu Panda was a DreamWorks movie first released in 2008 - starring Jack Black)
It is also looking at expanding its Dungeons and Discovery Centers for the Chinese market.
Tokyo's main share index closed 1.91% higher as the yen fell after weak Japanese trade data fueled speculation the Bank of Japan will launch another round of stimulus to shore up the economy.
The benchmark Nikkei 225 rose 347.13 points to 18,554.28.
The broader Topix index closed up 1.84%, or 27.53 points, to 1,526.81.
UK computer chip designer, Arm Holdings has reported a 24% rise in third quarter sales to £243.1m.
Pre-tax profits jumped 29% to £128.4m.
Quote MessageQ3 has been another strong quarter for royalty revenue growth, driven by premium chip pricing and elevated royalty percentages from recently introduced ARMv8-A based chips. These new chips are now shipping in a wide range of devices including smartphones, enterprise equipment such as base stations and servers, and consumer electronics such as digital TVs.
Simon Segars, Arm chief executive
Don't be dazzled by the glamour of Ferrari warns one investment expert. The shares are highly priced.
This from Michael Hewson from CMC Markets., external
Quote MessageThe valuation seems rather high, given that car sales volumes are limited by exclusivity, unless there are certain privileges involved in being a shareholder like VIP access to the F1 paddock perhaps?
Quote MessageWhen one thinks of luxury marque brands... these are subsidiaries of major car companies, BMW, Volkswagen Audi, Daimler and Ford, where the brand doesn’t have to necessarily stand on its own two feet.
Michael Hewson, CMC Markets
Image source, LegolandMerlin Entertainments, the operator of attractions such as Madame Tussauds and the London Eye, is to develop a Legoland amusement park in Shanghai as part of a joint venture with China Media Capital.
Merlin, whose Alton Towers park was the scene of a dreadful accident earlier this year, says the deal will involve opening other attractions in China.
The company already operates five attractions in China including Madame Tussauds and Chang Feng Ocean World aquarium.
BBC Radio 5 Live
On Radio 5 live there's been some sobering thoughts on the new nuclear power plant planned for Hinkley Point.
Paul Dorfman, from the Energy Institute at University College, London says that the same kind of reactors are being built in France and they are three times over budget and taking three times longer to build than expected.
"If building starts any time soon - which unfortunately it probably wont - we won't be seeing the reactor to the mid-twenties or late twenties which is far too late to help us with any electricity gap," Mr Dorfman said.
He also says that regulators in France are investigating significant faults with the reactor pressure vessel, which is the central part of the plant.
Broadcaster Sky says it had "strong" trading in the last quarter with with revenues up 6% to £2.8bn and operating profits up 10% to £375m. The company, in a battle for sports rights with BT, added 130,000 new customers in the three months ending 30 September.
"As these results show, we are delivering against a clear set of plans across Europe, and are well positioned for the growth opportunities ahead," says Jeremy Darroch, the firm's chief executive.
Today Programme
BBC Radio 4
Image source, Getty ImagesA potential landmark ruling in the European Commission is due today on alleged tax avoidance. It could mean that Fiat, Starbucks and some other firms paying millions of euros in back taxes.
Chris Bryant, partner at law firm Berwin Leighton Paisner, explains that the issue turns on "comfort letters" sent to companies by individual countries. The letters were about the tax treatment of the firms. But do these letters amount to state aid?
Mr Bryant thinks the EC will rule against the companies.But don't expect any resolution soon. "Today will be an important milestone, but the ruling will almost certainly be appealed. A final court ruling will be in two or three years time."
The owner of Argos, Home Retail Group, has warned, external that its measure of full year profit will be "slightly below" the bottom end of the current range or market expectations.
Market expectations are for an annual profit of between £115m and £140m.
It blames investment in the company's Fast Track delivery service and uncertainty over Christmas trading this year.
Quote MessageWe look forward to an improved sales performance for both Argos and the Group in the second half. However, as I have previously stated, trading at Argos during this year's important Christmas season seems less predictable than usual, as both retailers and customers determine whether to repeat last year's unusual Black Friday patterns.
John Walden, Chief executive, Home Retail Group
Half-year sales fell 1.5% to £2.63bn.
But benchmark pre-tax profit rose to £34.1m from £30.9m.
Toyota has announced a massive car recall.
It says that 6.5 million cars worldwide will be called-in to fix a glitch with powered windows, which has a risk of short-circuit and possibly fire.
About 1.2 million of the cars affected are in Europe, 2.7 million are in the US, and 600,000 are in Japan.
Yaris, Corolla and Camry are among the cars affected.
Today Programme
BBC Radio 4
It's about time people realised that things have changed and China is now a massive player on the global stage, Lord Sassoon, chairman of the China-Britain Business Council, tells Today.
He was responding to worries - particularly in the US - about China being allowed direct access to assets like the UK's nuclear power programme.
"I think the [US] administration understands where we are. But I think there are people in America who perhaps yearn for the days when America dominated the discussions. It's now got a big European Union to deal with and a big China to deal with."
Image source, AFPElectric car maker, Tesla has been a favourite among investors - but not yesterday.
Shares plunged more than 10% in the US, after Consumer Reports magazine reported that owners of the model S have found "an array of detailed and complicated maladies".
The model S has been highly rated for performance by the magazine, but was given a worse than average reliability score based on a survey of 1,400 owners.
Today Programme
BBC Radio 4
Image source, Getty ImagesIf you can't afford a Ferrari, then how about buying a few shares?
The carmaker has priced its shares at $52 each ahead of a flotation of 10% of the business later today. The pricing makes the whole business worth $9.8bn.
That's a high valuation, Colin McLean, of SVM Asset Management, tells Today. "It's a big bet on whether they can increase production and sell them to emerging markets," he says.
BBC Radio 5 Live
Today might not bring the final deal on Britain's new nuclear power plant, says Ed Davey, the former Liberal Democrat Energy Secretary who was in office when the UK agreed to outline proposals for the power station.
"Two years ago we thought we were months away from a final deal," he tells Wake Up To Money.
The actual deal is between the UK government and the French company EDF. The Chinese are investors in the French project, he points out.
Are the French going ahead with the final investment decision he asks. That decision will be made in Paris he says.
Also Mr Davey points out that the power station is not due to start up until 2025 which will leave a power gap in the early part of the next decade.
But "it's still a good idea" he says.
BBC Radio 5 Live
Wake Up To Money has found a steel company that is expanding.
Sanjeev Gupta is managing director of Liberty House an international steel and metals group that reopened a rolling mill in Newport.
He says there are two steel industries in the world: one is primary steel production using blast furnaces and the other is melting domestic scrap steel and turning it into new steel.
The second method he says is "infinitely viable".
However, Mr Gupta says at the moment UK scrap metal is exported and melted down in other countries where energy is cheaper.
On Wake Up To Money he says the carbon tax has driven up energy prices, without actually achieving any emissions savings, because the scrap steel is just sent abroad.
Chinese tourists will receive cheap visas under a plan to be announced by the government today, according to the Financial Times, external.
Tourists would pay £85 for a two-year tourist visa, at the moment that costs £324 reports the FT.
A 10-year visa for multiple visits is also under discussion the report says.
BBC Radio 5 Live
Image source, PA"China has ambitions to get more involved in Europe," says China expert Duncan Wrigley from NSBO bank on Wake Up To Money.
The nation has expertise in building high speed railways and power stations that it would like to export he said.
More importantly China has the financial clout to back such enterprises, he said.
China's nuclear power programme was put on hold after the Fukushima disaster in Japan, and only really got going again last year, says Mr Wrigley.
Decommissioning liabilities will be very difficult to forecast agrees Mr Wrigley, but Hinkley will have the most sophisticated technology to do that so far.
Later today the Chinese President is expected to confirm a deal that would see China contribute about 30% of the costs of Britain's new nuclear power station.
Good morning and welcome to Wednesday's Business Live page. You can expect a lot of analysis today of China's plan to invest in UK nuclear power plants. Starbucks and Fiat might also be ordered to pay tax on the earnings in Europe. And we're due to get results from Sky and Arm, among others.