Capital markets editor Ralph Atkins discusses with Unicredit chief economist Erik Nielsen the diverging bond yield levels for Spain and Italy, and says the risk of a bailout for Spain is higher. Related Article: http://www.ft.com/cms/s/0/246ba2da-1086-11e2-a5f7-00144feabdc0.html
Are deep recession and protests pushing Spain into constitutional crisis? Are the markets wrong to predict Madrid will opt for a bailout? Could Spain break up?
The Boeing Co. ( NYSE :BA), the largest U.S. aerospace manufacturer, is expected to post higher revenue in the second quarter but lower earnings per share as cuts in military spending and pension expenses dampen profit from commercial airplanes
In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent.
Anglo Irish's former head of lending and a member of the bank's board from 2006 to 2009 Patrick Whelan has joined former finance director Willie McAteer for being charged with alleged financial irregularities at the bank. McAteer, the second most senior executive at the bank before his resignation in January 2009 was arrested and was in court for 16 charges, under Section 60 of the Companies Act
Four years after the financial crisis began gathering steam, the government has collected another piece of the remaining billions in bailout money that it's owed.
Finland-based cell phone manufacturer Nokia Thursday announced that it plans to cut 10,000 jobs globally as part of its revamping measures. The company announced that it would shut down production and research sites in Finland, Germany and Canada. In addition, it announced changes in its leadership team with executive vice-president and chief marketing officer Jerri DeVard, executive vice-president of mobile phones Mary McDowell and executive vice-president of markets Niklas Savander leaving the company.
Credit rating agency Moody's Investor Service downgraded Spain's government bond rating three notches down to Baa3 from A3 on Wednesday. Moody's attributed the downgrade to the further rise in the country's debt due to the recently approved EU aid for Spanish banks
Wal-Mart lawyers have identified India , China , South Africa , Brazil and Mexico as the most corrupt countries, according to a letter from two congressmen investigating the bribery charges leveled against the company. The lawyers, retained to review Wal-Mart anti-corruption compliance globally, said these were the regions with the highest risk of corruption
The India n economy is expected to grow at 6.9 percent in the current financial year as projected by the World Bank on Wednesday.