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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.

Business

UK plans migrant curbs if euro folds - paper

LONDON (Reuters): Britain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union countries if the euro collapses, its interior minister said in remarks published on Saturday.

Business

Analysis - South Korea's unloved chaebol

SEOUL (Reuters) - If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a Lotte Hotel restaurant on a Samsung phone.

Business

Fitch cuts Russia outlook to stable

MOSCOW: Fitch Ratings lowered Russia’s sovereign credit outlook to stable from positive because of intensified political risks during the country’s election cycle, weak growth and rising dependency on high oil prices.