EU hits back at Geithner on regulation
Top European Union officials say the bloc’s decision to act on hedge funds is in line with a G20 decision to reinforce transparency, after the US Treasury secretary warned they may lead to protectionism
March 11, 2010
BP strikes $7bn Brazil oil deal
The energy group is set to make its first move into the deep waters off the South American country with a $7bn deal to buy oil and gas assets put up for sale by Devon Energy of the US
BP in talks to buy Devon assets for $6bn
BP is set to make its first move into the deep waters off the coast of Brazil, one of the world’s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets put up for sale by Devon Energy of the US
Pandit sees revival of Citi’s fortunes
Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes
March 10, 2010
Turner orders tougher stress testing
Regulators have ordered UK banks to run a new round of tougher stress tests that assume the economy will endure a double-dip recession that would force unemployment up to 13.3 per cent
Brown sets March 24 date for Budget
Gordon Brown has confirmed the Budget will be held on March 24 in what is expected to be his government’s last major political event before the start of the general election campaign
Europe cries foul over US defence tender
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair competition