Business News

Wed, May 23, 2012

Spain's banks in focus ahead of Bankia rescue plan

By Jesús Aguado and Sarah White

MADRID (Reuters) - Spain may say on Wednesday how it will plug a hole of at least 8 billion ...

Wed, May 23, 2012

Stage set for Hollande-Merkel showdown at EU summit

By Luke Baker

BRUSSELS (Reuters) - European leaders will try to breathe life into their stricken economies at a summit over dinner on Wednesday, but ...

Wed, May 23, 2012

Analysis: Are British bonds a riskier bet than they look?

By David Milliken

LONDON (Reuters) - Investors fleeing the euro zone to seek safety in British government bonds may be taking a riskier bet than ...

Wed, May 23, 2012

China says to step up policy fine-tuning to spur growth

BEIJING (Reuters) - China will step up policy fine-tuning to support the economy, Premier Wen Jiabao said on Wednesday, the latest signal that Beijing will ...

Wed, May 23, 2012

Gazprom hints at Shtokman line-up changes

MOSCOW (Reuters) - Russia's Gazprom said on Wednesday that it would review the composition of the consortium to develop the Shtokman offshore gas field ...

Wed, May 23, 2012

Reebok India accuses former top execs of $157 million fraud

MUMBAI (Reuters) - Reebok India, owned by Germany's Adidas , lodged a police complaint against two former top executives accusing them of fraud that had ...

Wed, May 23, 2012

Specialist banks cherry pick from lay-offs

By Sarah White

LONDON (Reuters) - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger ...

Wed, May 23, 2012

China plans brokerage reforms to create its own Goldman Sachs

By Kazunori Takada and Samuel Shen

SHANGHAI (Reuters) - China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope ...

Wed, May 23, 2012

India's Jet likely to order 100 planes for $3.75 billion: CAPA

NEW DELHI (Reuters) - Jet Airways is expected to order more than 100 narrow-body aircraft for up to $3.75 billion in 2012/13 as ...

Wed, May 23, 2012

PTT's $1.9 billion bid for Cove trumps Shell

By Tom Bergin and Sarah Young

LONDON (Reuters) - Thailand's PTT Exploration and Production stoked the bid battle for Cove Energy on Wednesday, topping ...