FT.com
Banks are cutting use of bonuses to recruit
Guaranteed bonuses accounted for about 5% of the bonuses paid out for 2009 at 37 leading financial companies surveyed by the Institute of International Finance
Categories: News from the World
HP to buy 3Par as Dell pulls out of race
Hewlett-Packard appeared to have won the bidding battle for data storage technology company 3Par after Dell said on Thursday it would not raise its offer and was ending talks
Categories: News from the World
HSBC in clearest warning over relocation
Warning given over British banks moving their headquarters abroad if UK government-appointed Commission on Banking were to decide that big groups should be broken up
Categories: News from the World
Lenders shunned on stress tests doubts
Leading UK and continental European companies eschewing banks from Spain, Italy and even Germany because they do not believe the Europe-wide assessments gave a true picture of their financial health
Categories: News from the World
Rally resumes after supportive US data
Traders are again adding to risky bets following a batch of supportive US data, but the mood is markedly less ebullient than witnessed during the previous session’s “melt up”, when better-than-expected Chinese and American factory data powered a wholesale rush into stocks
Categories: News from the World
ECB rules out double dip
The European Central Bank forecast that the eurozone would expand this year and in 2011 much more strongly than previously expected, ruling out a double dip back into recession
Categories: News from the World
Deal paves way for pan-EU financial watchdogs
The European Union reached a long-awaited agreement on reform of financial supervision, paving the way for the establishment of three pan-EU watchdogs to oversee controls on banks and insurers in the region from next year
Categories: News from the World
Leaders agree to meet again on Mideast
The Israeli and Palestinian leaders agreed to negotiate a “framework” for peace talks and to hold a second direct meeting in two weeks’ time
Categories: News from the World
Geldof seeks $1bn for African investment plan
The singer and campaigner for aid to the continent is seeking to raise money from institutional investors for a private equity venture on the continent
Categories: News from the World
Fears grow over global food supply
Russia announced a 12-month extension of its grain export ban, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports
Categories: News from the World
Oil rig explodes in Gulf of Mexico
An oil platform 80 miles offshore in the Gulf of Mexico exploded on Thursday, sparking a rapid search and rescue helicopter response that recovered 13 people, the US Coast Guard said
Categories: News from the World
Petraeus backs Karzai over corruption
General David Petraeus, the head of US and Nato forces in Afghanistan, defended Hamid Karzai, the country’s president, after controversy over Kabul’s stance on corruption
Categories: News from the World
Bernanke regrets reticence on Lehman
Ben Bernanke, Federal Reserve chairman, expressed regret for not being “more straightforward” with Congress in 2008 when he avoided saying that the central bank had no means to save Lehman Brothers.
Categories: News from the World
US jobless data underscore weakness
New claims for jobless benefits in the US fell last week but still remain above the level economists say is necessary to create jobs
Categories: News from the World
Burger King agrees $4bn sale to 3G Capital
Burger King has agreed to be acquired by 3G, an investment fund backed by three of Brazil’s foremost businessmen, in a deal valued at $4bn including debt
Categories: News from the World
Foreign companies ‘losing out’ in China
Foreign companies are losing market share in China across a broad range of industries because of discriminatory treatment by the government and regulators, according to the European Chamber of Commerce in China
Categories: News from the World
Flaming Ferraris force recall of 458 Italia
A division of Italy’s Fiat group is recalling all 1,248 cars of the 458 Italia model after reports that five of the supercars caught fire because of glue in the wheel-arch leaking on to the exhaust
Categories: News from the World
RBS cuts further 3,500 jobs
Royal Bank of Scotland is axing another 3,500 jobs, taking to almost 27,000 the number of staff cut since Stephen Hester took over as chief executive of the troubled UK bank
Categories: News from the World
Sweden raises rates as economy strengthens
Sweden’s central bank raises interest rates for the second time in two months, highlighting the strong recovery in its economy as the centre-right government battles for re-election
Categories: News from the World
Apple raises stakes in TV battle
The digital entertainment company made its most serious bid yet for the internet-connected television market, slashing the price and size of its AppleTV product by more than half
Categories: News from the World
