Tuesday, 2 October 2012

 
 
Latest Headlines:
A picture illustration of Euro banknotes seen at an automated teller machine (ATM) in Berlin January 15, 2011. REUTERS/Fabrizio Bensch

High-risk and retail banking should be split - EU advisors

BRUSSELS - Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group says. Full Article

Investors wait for Spain, central bank meetings 2:38pm BST

LONDON - European shares and the euro swung higher on Tuesday as investors decided news on Spain's bailout plans was encouraging enough to warrant fresh buying and looked ahead to central bank meetings and data releases.
A worker lays bricks for a residential home at a building site in north London September 6, 2012. REUTERS/Neil Hall
Economy

UK construction contracts again

Construction activity contracted for a second straight month in September as business morale held close to its lowest since Britain entered recession in 2008. Full Article
A woman enters a currency exchange shop in Tehran's business district October 24, 2011. NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran. REUTERS/Raheb Homavandi
Iran

Iran targets speculators as currency slides

DUBAI - Iran expects its security services to root out speculators who are to blame for a plunge of the rial to record lows, a minister says, after the currency lost about a third of its value in the past week. Full Article
People sit in a Volvo V40 car on media day at the Paris Mondial de l'Automobile, September 28, 2012. REUTERS/Christian Hartmann
Autos

In-fighting raises fears over Volvo Car recovery

BEIJING - A boardroom-level conflict at Sweden-based luxury auto firm Volvo Car Corp is infecting some day-to-day decisions and threatens to hamper its Chinese owner's efforts to turn the business around, sources close to the company say. Full Article
JPMorgan Chase & Co's international headquarters are seen on Park Avenue in New York July 13, 2012. REUTERS/Andrew Burton
JPMorgan

JPMorgan sued over Bear Stearns securities

NEW YORK - New York Attorney General Eric Schneiderman files a civil fraud lawsuit against JPMorgan Chase over mortgage-backed securities packaged and sold by Bear Stearns. Full Article
A man speaks on his phone next to a BAE Systems potential concept model of an unmanned combat system, also known as a drone, at the Farnborough Airshow in southern England July 11, 2012. REUTERS/Luke MacGregor
Deals

EADS/BAE merger demands erupt

BERLIN/PARIS - EADS and BAE Systems are battling to save their merger plan from the crossfire of competing interests as governments and shareholders stake out positions in talks aimed at creating the world's biggest arms firm. Full Article
Research In Motion CEO Thorsten Heins discusses features of the Blackberry 10 during his keynote address during the Blackberry Jam Americas in San Jose, California September 25, 2012. REUTERS/Robert Galbraith
Technology

Mobile wars pose tough choices for developers

SEATTLE - The explosion of competition in the tablet and smartphone markets is a decidedly mixed blessing for Internet content companies, who now must decide which devices merit the development of costly special software. Full Article
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