Australia becomes a magnet for banker “refugees”

May 31, 2008 on 8:38 pm | In Business News | No Comments

SYDNEY (Reuters) - Australia has become a refuge for a new endangered species: the high-flying banker.

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Australia becomes a magnet for banker “refugees”

India Sterlite Ind to buy Asarco

May 31, 2008 on 6:34 pm | In Business News | No Comments

NEW DELHI/MUMBAI (Reuters) - India’s Sterlite Industries on Saturday agreed to buy the operating assets of bankrupt copper miner Asarco for $2.6 billion (1.3 billion pounds), the latest in the series of overseas acquisitions by Indian firms.

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India Sterlite Ind to buy Asarco

JPMorgan completes Bear takeover

May 31, 2008 on 12:33 pm | In Business News | No Comments

NEW YORK (Reuters) - JPMorgan Chase & Co said on Saturday it completed its $1.4 billion (707 million pounds) Bear Stearns …

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JPMorgan completes Bear takeover

Airbus says Diehl/Thales is bidder for German unit

May 31, 2008 on 9:23 am | In Business News | No Comments

PARIS (Reuters) - European aircraft maker Airbus is in exclusive talks with a joint-venture between German defence group Diehl and French electronics group Thales for its cabins factory in Laupheim, Germany.

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Airbus says Diehl/Thales is bidder for German unit

Putin says warned BP about Russian risks

May 31, 2008 on 7:30 am | In Business News | No Comments

PARIS (Reuters) - Russia’s Prime Minister, Vladimir Putin, said he had warned BP about the risks of setting up a venture with a group of Russian billionaires when he blessed its creation as Russian president in 2003.

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Putin says warned BP about Russian risks

BAE rises as Pentagon supplier

May 30, 2008 on 9:55 pm | In Business News | No Comments

WASHINGTON (Reuters) - BAE Systems has become the Pentagon’s sixth-biggest supplier, up from eighth, despite a U.S. investigation of its compliance with anti-bribery laws to win a Saudi arms deal in the 1980s.

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BAE rises as Pentagon supplier

BBA says to beef up supervision of its Libor rates

May 30, 2008 on 3:57 pm | In Business News | No Comments

NEW YORK/LONDON (Reuters) - The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis.

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BBA says to beef up supervision of its Libor rates

Oil rises to over $127 on weaker dollar

May 30, 2008 on 3:39 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices rose to over $127 a barrel on Friday as a drop in the dollar drew in investors seeking to hedge against the weaker greenback.

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Oil rises to over $127 on weaker dollar

Funding arm says HSBC fought off pay backlash

May 30, 2008 on 1:20 pm | In Business News | No Comments

LONDON (Reuters) - Europe’s biggest bank HSBC fought off an investor backlash over a multi-million pound executive pay plan on Friday and dismissed claims its troubled U.S. unit cannot finance itself and should be sold.

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Funding arm says HSBC fought off pay backlash

FTSE falls in seesaw session

May 30, 2008 on 12:42 pm | In Business News | No Comments

LONDON (Reuters) - The FTSE 100 ended down on Friday as lower crude oil prices weighed on commodity shares but lifted British Airways , while funding concerns dragged banks lower.

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FTSE falls in seesaw session

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