Europe
European Stocks Rise Most in Five Weeks on Economy; BHP, Renault Advance European stocks surged the most in
five weeks as data on the region’s services and manufacturing
industries and U.S. home sales added to signs the economic
recovery is strengthening.
MAN SE's CEO Samuelsson Leaves Immediately; Pachta-Reyhofen Acting Chief MAN SE Chief Executive Officer
Hakan Samuelsson will step down with immediate effect, leaving
Europe’s third-largest truckmaker after nine years.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
Deripaska in Talks With Investors for Building, Financial-Services Units Russian Billionaire Oleg Deripaska,
whose United Co. Rusal is seeking to restructure more than $14
billion of debt, is in talks with potential investors in his
construction, airport and financial-services businesses.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
Lloyds Banking Group Will Issue as Much as $13 Billion of CoCo Securities Lloyds Banking Group Plc, the U.K.’s
biggest mortgage lender, will issue about $13 billion of
enhanced capital notes, new bonds designed to boost the bank’s
ability to absorb losses.
Chi-X Europe, Alternative Trading System, May Name Alasdair Haynes as CEO Alasdair Haynes may be named chief
executive officer of Chi-X Europe Ltd., the region’s biggest
alternative trading system, according to three people familiar
with the situation.
Norway to Phase Out Emergency Stimulus to Avoid Krone Gains, Johnsen Says Norway must remove government
stimulus or risk faster interest-rate increases that would
strengthen the krone and stifle an export recovery, Finance
Minister Sigbjoern Johnsen said.
BBVA, UBS, Citigroup Among Banks With Weakest Capital Structure, S&P Says Banco Bilbao Vizcaya Argentaria SA,
Citigroup Inc. and UBS AG are among the banks with the weakest
capital, according to analysis by Standard & Poor’s that seeks
to iron out differences in reporting.
Cadbury Rises to Record on Speculation of Nestle Bid, Higher Kraft Offer Cadbury Plc rose to a record in
London trading after Nestle SA was said to weigh a takeover, the
Wall Street Journal said Hershey Co.’s controlling trust wants
the U.S. company to make an offer, and Reuters reported that
Kraft Foods Inc. may raise its bid.
Cameron Says Shrinking Deficit Is Key to U.K. Growth, Clashing With Brown British Conservative leader David
Cameron said curbing the budget deficit would be his
government’s highest priority if he defeats Prime Minister
Gordon Brown in elections next year.
Allianz, WWF Group Say Climate Change Nearing Temperature `Tipping Point' Allianz SE, Europe’s biggest
insurer, and the WWF said climate change is pushing the world
closer to temperature thresholds that could unleash devastating
environmental, social and economic changes.
Italy's Finance Police Arrest Three People in $299 Million Fake Bond Fraud Italy’s finance police arrested
three people for allegedly using as much as 200 million euros
($299 million) of fake bonds to fraudulently make money from
borrowers.
SYMBOL LOOKUP
HOME
