Reuters: Business News

Top Greek banks handed 18 billion euros support

Mon, 28 May 2012 19:50:41 +0100

ATHENS (Reuters) - Greece handed 18 billion euros (14.39 billion pounds) to its four biggest banks on Monday, the finance ministry said, allowing the stricken lenders to regain access to European Central Bank funding.

Shell puts Alberta oil sands project on the block

Mon, 28 May 2012 20:21:58 +0100

CALGARY, Alberta (Reuters) - Royal Dutch Shell Plc has put an Alberta oil sands project on the block, six years after acquiring it as part of a C$2.4 billion (1.49 billion pounds) acquisition near the height of the last Canadian energy boom.

Spanish debt costs spiral as crisis deepens

Mon, 28 May 2012 22:25:28 +0100

MADRID (Reuters) - Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender.

UK nets husband and wife in insider dealing

Mon, 28 May 2012 20:38:43 +0100

LONDON (Reuters) - Britain's market watchdog has chalked up its first criminal convictions for cross-border insider dealing after a transatlantic effort to bring a husband and wife team to court.

Spain's Repsol shakes up management, still no CEO

Mon, 28 May 2012 21:10:18 +0100

MADRID (Reuters) - Spanish oil major Repsol said on Monday it was remodelling its management structure but stopped short of creating the post of chief executive.

Fed's Plosser says US to withstand euro fallout - WSJ

Mon, 28 May 2012 22:22:21 +0100

(Reuters) - The United States is well poised to withstand any fallout from Europe's escalating debt crisis, a top Federal Reserve executive told the Wall Street Journal.

Bolivia rolls back on Pan American stake takeover

Mon, 28 May 2012 23:12:21 +0100

LA PAZ (Reuters) - Bolivia's leftist government said on Monday it had never enforced a decree nationalizing Pan American Energy's stake in a huge natural gas project and was in talks with the company over future investment plans.

Xstrata committed to Peru despite protest

Mon, 28 May 2012 21:12:55 +0100

LIMA (Reuters) - Protests at Xstrata's Tintaya copper mine in southern Peru have blocked transport links, but it is operating normally and its port on the Pacific coast has stocks of concentrates for the time being, a company executive said on Monday.

Court cuts jail sentence of ex-Bank of Italy boss

Mon, 28 May 2012 20:35:14 +0100

MILAN (Reuters) - An appeals court sentenced former Bank of Italy governor Antonio Fazio to two-and-a-half years in jail on Monday for trying to thwart a foreign takeover of local lender Banca Antonventa in 2005, a scandal that led to his exit from the central bank.

Argentina targets mining firms in import crackdown

Mon, 28 May 2012 20:52:52 +0100

BUENOS AIRES (Reuters) - Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.