Business News

Wed, February 22, 2012

Existing home sales at 1-1/2 yr-high, supply falls

WASHINGTON (Reuters) - U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was ...

Wed, February 22, 2012

Goldman sees value in alternative asset managers

(Reuters) - Goldman Sachs said fundraising across alternative asset classes, particularly credit and real estate, remains robust in a low-rate, low-risk world, and sees more ...

Wed, February 22, 2012

France Telecom takes knife to dividend

By Leila Abboud and Gwénaëlle Barzic

PARIS (Reuters) - France Telecom is cutting its dividend and putting off a promised share buyback to conserve cash ...

Wed, February 22, 2012

Aimed at banks, Volcker Rule hits unlikely targets

By Lisa Lambert and David Gaffen

(Reuters) - Some public agencies that rely on the municipal bond market for financing fear that a landmark financial ...

Wed, February 22, 2012

Citi, UBS provide keys to interest rate-rigging probe: sources

By Carrick Mollenkamp

(Reuters) - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in ...

Wed, February 22, 2012

Swiss take steps to clean up tax-haven image

BERNE (Reuters) - Switzerland announced plans on Wednesday to force banks to do more to make sure foreign clients' money is taxed in an attempt ...

Wed, February 22, 2012

Fitch downgrades Greece on debt swap plan

ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make ...

Wed, February 22, 2012

Shell to buy Cove Energy for $1.6 billion

By Tom Bergin

LONDON (Reuters) - Royal Dutch Shell Plc has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove ...

Wed, February 22, 2012

Fitch downgrades Greece on debt swap plan

ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make ...

Wed, February 22, 2012

UBS to issue more loss-absorbing capital

By Katharina Bart and Helene Durand

ZURICH/LONDON (Reuters) - UBS might struggle to attract big institutional investors for more loss-absorbing bonds it wants to ...