Germany's Commerzbank to Cut Bonuses After Slipping to Loss in Fourth Quarter
Commerzbank announces 17.2 percent cut in variable pay for 2012 after posting weak 2012 results.
Britain Bans Tax Dodgers from Securing Government Contracts
Government steps up fight against tax avoidance by major companies.
Warren Buffett to Ink Richest Deal in Food Industry with $28 Billion Heinz Takeover
Warren Buffett and 3G's Jorge Paulo Lemann are joining hands for the richest deal in the food industry.
Greek Unemployment Rate Reaches Record 27% in November
Greece's jobless rate reaches record level as continuing austerity measures and tax hikes hurt job market.
Rental Costs Fall 0.3% in January on Increased Mortgage Approvals
Bank of England's Funding for Lending Scheme has enabled banks to provide more mortgages.
India Inflation Slips to Three-Year Low in January
Indian economy continues to struggle from high inflation rate in food, fuel and power.
Vodafone Plans to Acquire German Cable Provider Kabel Deutschland
A potential deal will enable Vodafone to sell combinations of mobile, fixed-line and TV services in Europe.
Australia Inflation Expectations Rise for Second Straight Month in February
Inflation Expectations increase for the second straight month but remains within the RBA range of 2-3 percent.
Japan Remains in Recession as GDP Shrinks in Fourth Quarter
Japanese economy contracts for third successive quarter, underlining need for further policy-easing measures.
Dutch Bank ING Announces 2,400 Fresh Job Cuts
ING to slash 1,400 jobs in the Netherlands and 1,000 in Belgium as part of separate restructurings in these countries.
Fashion Chain Republic Set to Enter Administration, 1000 Jobs at Risk
Republic follows Jessops, HMV and Blockbuster as the latest high street casualty.
CNOOC's Acquisition of Nexen Gets Crucial US Approval
The US authorities give nod for the CNOOC-Nexen deal, following a long assessment.
Comcast to Buy Remaining Stake in NBCU from GE for $16.7 Billion
The deal pre-pones GE's planned exit from entertainment business by mid-2014.
Australia Consumer Confidence Surges 7.7% in February
Consumer confidence index rises to new high as lower interest rates start to boost economic optimism.
India's Industrial Output Contracts 0.6% in December
India's industrial activity is hurt by lower production of capital as well as consumer goods.
Sri Lanka Drops Fresh IMF Loan Over Spending Dispute
Sri Lanka has decided not to pursue new loan programme with IMF as it increased foreign reserves significantly.
Australian Business Confidence Improves in January but Remains Weak
Business conditions remain weak on adverse employment conditions, says NAB.
UK House Prices Continue to Fall in January Despite Increased Sales
But RICS says worst may be over for British property market and points to improved outlook.
FBI Probes EADS Unit Over Saudi Deal
EADS unit GPT Special Management Systems is accused of bribing Saudi officials between 2007 and 2010.
AMR and US Airways Delay Meeting to Discuss $11 Billion Merger
AMR and US Airways boards delay meeting to finalise a merger deal due to unresolved issues.
UK Business Optimism Hits 21-Year Low
BDO index falls to 88.9 in January from 90.3, indicating weak first quarter for economy.
India Slashes 2013 Growth Forecast to 5%
Indian economy suffers from large fiscal and current account deficits along with high inflation rates.
US Challenges India at WTO Over Alleged Protectionism of Solar Products
The US lodges complaint against India at the WTO over alleged discrimination to American solar products.
Australia Jobless Rate Steady at 5.4% in January Despite Jump in Part-Time Jobs
Australia jobless rate remains stable s a jump in part-time jobs more than offset a decline in full-time employment. .
ArcelorMittal Fourth-Quarter Losses Widen to $3.9bn on Weak Steel Demand
Fourth-quarter loss figures by European debt crisis and slowdown in Chinese growth.
UK Shop Price Inflation Fall to 38-month Low at 0.6% in January
Biggest drop in prices are seen in non-food items such as clothes and electrical.
Liberty Global to Buy Virgin Media for $16bn
Liberty Global eyes direct competition with Rupert Murdoch-controlled BSkyB in Europe.
UBS Swings to Big Loss in Fourth Quarter on $1.5 Billion Libor Fine
UBS reports 1.89bn Swiss franc loss, slashes bonus pool as bankers brace for 10,000 jobs cuts amid global restructuring
UK Retail Sales up 3% in January on Strong Food Sales
The UK's struggling high street records a strong start for 2013 with retail sales value rising 3 percent year-on-year.
Yum Brands Q4 Profit Declines 5% as Chicken Scare Hurts China Sales
Yum China is facing accusation that some of its suppliers are using excessive levels of antibiotics in chicken.
