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Reliance Ropes in SumitomoMitsui and Nippon Life for Proposed Banking Outfit in India
Reliance Capital said it has roped in Japanese financial powerhouses SumitomoMitsui Trust Bank and Nippon Life Insurance to boost its bid for a banking licence in India
UBS to Surrender Banking Licence in India
Bank's decision follows similar moves by American competitors Morgan Stanley and Goldman Sachs.
Infosys Shares Surge on Company's Call for Narayana Murthy Return
Barclays, Citigroup, CLSA, Goldman Sachs and Morgan Stanley welcome Infosys' co-founder's return.
Lloyds Sells US Mortgage Portfolio For £3.3bn to Meet Fresh Capital Requirements
Lloyds realises pre-tax gain of around £540m from sale.
Suntory Plans $5bn IPO to Pursue Overseas Acquisitions
Suntory is expected to receive approval from the Tokyo Stock Exchange as early as Wednesday, according to Reuters.
Eurozone Economic Slump Continues Amid Surprise German Slowdown [VIDEO]
German economic activity in April slows for the first time in five months as Cyprus headwinds hit the eurozone core.
UK Government Proceeds with £3bn Urenco Privatisation
British government pushes on with plans for uranium company stake sale.
Italian Shares, Bonds Rise as Napolitano Election Raises Hopes For New Government
Giorgio Napolitano becomes first two-term president after weekend vote that could mark end of political gridlock.
Germany's Daimler Divests Stake in Airbus Parent EADS for €2.2bn
The deal results in the carmaker's exit from aerospace activities.
Eurogroup President Dijsselbloem Opens Rift with ECB on Cyprus Rescue Strategy [VIDEO]
ECB executive board member Benoit Coeure challenges 'Cyprus template' suggested by Eurogroup president Jeroen Dijsselbloem.
Dell Details Blackstone and Icahn Bids
Dell has confirmed Blackstone and Carl Icahn have submitted bids for the company, giving details on both offers.
Google Pays Apple $900M-a-year for Search Monopoly
Apple earns almost $1 billion a year from Google simply for keeping it as the default search engine on its iOS devices like the iPhone, iPad and iPod touch.
Sony Recovery Slow but Steady
Sony has posted a loss of £73m last three months of 2012, but that's a lot better than the £1bn loss posted the year before.
Standard & Poor's to Face US Government Lawsuit Over Pre-Crisis Debt Ratings
McGraw Hill shares plunge to six-month low after S&P unit says Justice Department planning civil suit
Japan Consumer Prices Fall Puts BoJ Under Further Stimulus Pressures
Japan's consumer prices fall in December raises deflation concerns despite the recent government efforts to boost inflation rates.
Barclays To Slash Jobs at Asian Investment Bank
Barclays aims to axe 15 percent of investment banking operations in Asia, just after it has announced that it is conducting its UK staff cull
Transcripts Show Fed Failed to Pick Up Warning Signs of 2007 Recession
The transcripts were released after a standard 5-year delay
Cathay Pacific Premium Cabin Sales Suffer as Banks Cut Jobs
Job cuts announced by major banks dampen demands for premium cabins in Cathay Pacific.
Morgan Stanley to Axe 1,600 Jobs to Reduce Expenses
Morgan Stanley plans to cut some of the highly paid jobs in the level of managing directors and executive directors.
Europe Mergers and Acquisitions 2012 Review: Top 5 Deals
M&A activity declines in 2012 due to global economic uncertainty.
Morgan Stanley Fined $5m over Facebook Flotation
Lead underwriters on $16bn IPO fined for selectively disclosing sensitive financial data.
Opec Preview: Tough Talks Ahead on High Oil Prices and Supply
Organisation of the Petroleum Exporting Countries face serious questions over managing high prices, supply glut and geo-political tensions
Italy's Latest Political Drama Changes Little for Investors or its Economy
The surprise resignation gambit from Prime Minister Mario Monti has roiled financial markets in Eurpoe, but Italy's economic prospects are unlikely to be harmed by the drama.
Italian Prosecutors Seek Trial for Ratings Executives Charged with Market Manipulation
Southern Italian probe into sovereign downgrade wants Fitch and S&P executives to take stand and answer charges of manipulation and information abuse.
Japanese GDP Shrinks Pushing Country Towards Recession
Japanese economy contracts 0.9% in third quarter and by 3.5% on yearly basis.
S&P Loses Landmark Case for 'Misleading' Investors with Faulty AAA Credit Rating
Australian court ruling on complex derivative rating could have major impact on ratings agencies around the world
Super Storm Sandy May Not Damage US Economy: Analysts
Flights have been cancelled, stock markets remain shut and retailers expect a slump in sales. But analysts suggest that the storm in unlikely to have a major economic impact.
Rich Ricci Memo Tells Barclays Staff of Investment Bank Shake-up
Eric Bommensath to lead markets business after trading and distribution teams merger, corporate head reveals in staff memo.
George Osborne 'Should Scrap UK Debt Target', Economists Say
Economists surveyed by Bloomberg say more austerity to meet debt target threatens UK's recovery from recession
Libor Scandal: Regulators Push for Major Changes as RBS Faces New Allegation
EU lawmakers hear case for major changes as UK's FSA prepares recommendations for biggest reforms in decades.