Europe
European Union Ministers Said to Discuss EU Bonds to Fund Any Greek Rescue European Union finance ministers
will discuss next week whether any Greek bailout should be
funded by issuing EU bonds guaranteed by euro region
governments, said three people briefed on preparations for March
15-16 meetings.
Baer Says Switzerland, Europe Must Find Compromise to Settle Secrecy Spat Switzerland and the European Union
should compromise to resolve a dispute over banking secrecy or
risk losing the assets of wealthy people to Asia, said Julius
Baer Group Ltd. Chairman Raymond Baer.
Yara Rules Out Raising $4.1 Billion Terra Offer After CF Makes Higher Bid Yara International ASA, the largest
publicly traded nitrogen-fertilizer maker, said it wouldn’t
raise a $4.1 billion offer for Terra Industries Inc., leaving
the way clear for rival suitor CF Industries Holdings Inc.
European Industrial Output Rose Most in More Than Two Decades in January European industrial output rose the
most in more than two decades in January, led by energy
production.
BBVA Chairman Gonzalez's $109 Million Pension Pot Riles Spanish Investors Francisco Gonzalez, chairman of
Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest
lender, has a pension worth 79.8 million euros ($109 million).
That’s almost four times the pot accumulated by Stephen Green,
his counterpart at HSBC Holdings Plc, Europe’s largest bank.
Elia System, IFM Agree to Acquire Vattenfall's German Transmission Network Elia System Operator NV, Belgium’s
high-voltage power grid operator, and Industry Funds Management
Ltd. beat out Allianz SE, Goldman Sachs Group Inc. and Deutsche
Bank AG to buy Vattenfall AB’s electricity network in Germany.
Finnair Is in Talks With Norwegian Air on Pact to Squeeze Unprofitable SAS Finnair Oyj is seeking an agreement
with Norwegian Air Shuttle ASA that would funnel more passengers
onto the Helsinki-based carrier’s long-haul flights, helping win
market share from unprofitable rival SAS Group AB.
Petrofac Targets Iraq's Oil Boom After CEO Asfari Quadruples Share Value Ayman Asfari, the chief executive
officer whose oil and gas engineering skills guided a fourfold
increase in the value of Petrofac Plc within five years, is now
preparing to tap Iraq’s energy boom.
BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports BHP Billiton Plc, Anglo American
Plc and Xstrata Plc are shipping coal 10,000 miles to China from
their Cerrejon mine in Colombia for the first time this year
because of surging demand and rising prices in Asia.
British Airways Flight Attendants Plan Seven Days of Strikes in Late March British Airways Plc’s 12,000 flight
attendants will strike for seven days starting on March 20 after
talks about pay and lower staffing levels broke down.
Ukraine Investors Welcome `Azarov Era' on Promise of Stability, IMF Return Ukraine’s new Prime Minister Mykola
Azarov, who owes his appointment to a legislative fix that the
opposition branded “unconstitutional,” may bring relief to
investors by ending half a decade of political instability.
Brian Pitman, Former Lloyds Bank Chairman, Adviser to Branson, Dies at 78 Brian Pitman, who transformed
Lloyds Bank into Britain’s most profitable lender and was one of
his generation’s most successful bankers, has died. He was 78.
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