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EU risks upsetting Turkey with threat to call off talks

BRUSSELS: The European Union is on the verge of scrapping a new round of membership talks with Turkey, a move that would further undermine Ankara's already slim hopes of joining the bloc anytime soon and damage its relations with Brussels.

Business

Britain should hand RBS, Lloyds Bank shares to public

LONDON: Britain should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential think tank said, in what would be the country's biggest ever privatization.

Business

Moody’s: Malaysia's election outcome assures pro-growth policy

KUALA LUMPUR: The Barisan Nasional's retention of the federal government assures the continuation of Malaysia's pro-growth policy, says Moody's Investor Services.

Business

Italy‘s 10-year debt costs jump

MILAN: Italy’s 10-year debt costs rose more than half a percentage point at the first longer-term auction since an inconclusive parliamentary election, although they remained below the psychologically important level of 5%.

Business

Shares edge higher, euro flat ahead German data

LONDON: European shares edged higher and the euro was steady on Tuesday ahead of German economic sentiment data, while the yen rose after Japanese ministers played down talk the Bank of Japan might buy foreign bonds to loosen credit.

Business

Italy's Finmeccanica calls Wednesday board meeting after arrest

ROME: The board of Finmeccanica SpA will meet on Wednesday to discuss how to limit the impact on its business of a judicial probe that has seen the arrest of its chief executive, the Italian defence group said in a statement on Tuesday.

Business

Cash-rich Genting Singapore hopeful of Japan foray

SINGAPORE: Gaming operator Genting Singapore is examining opportunities to enter Japan, where a new government is expected to pass legislation legalizing casinos in the next 12 months to 18 months, company executives said on Friday.

Business

Osborne tries to sweeten pill for austerity Britain

LONDON: More austerity looks certain when Chancellor George Osborne presents a half-yearly budget statement on Wednesday, even if he tries to juggle some spending around to ease the pain.

Business

Greek conservatives warn of euro exit nightmare

ATHENS: If Greece rejects the 130-billion-euro rescue package meant to dig it out of a debt crisis the country will be plunged into a nightmare that it cannot control, Greece's conservative leader Antonis Samaras said on Thursday.

Business

GLOBAL MARKETS-Shares ease, hurt by Spain bank woes

TOKYO (Reuters): Asian shares slipped on Wednesday, hurt by fears that Spain's banking woes will push up the country's borrowing costs to unsustainable levels although falls were limited on hopes that Greece would stay in the euro zone and for China stimulus steps.