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Barclays chairman quits over rate-fixing scandal

YoopyaJul 2, 20120

(Reuters) – Barclays Plc chairman Marcus Agius quit on Monday, saying “the buck stops with me” after an interest rate rigging scandal that has dealt

Spain wins again, beating Italy 4-0 at Euro 2012

kiemtarJul 1, 20120

The defense was impenetrable. The offense was unstoppable. Simply put, it was another Spanish party on the international stage. Spain won its third straight major

EU summit deal sends shares, euro sharply higher

YoopyaJun 29, 20120

(Reuters) – European shares were sharply higher and the single currency surged over 1 percent on Friday after euro zone leaders agreed a deal to

UK banks face new scandal; Barclays boss in peril

YoopyaJun 29, 20120

(Reuters) – Britain will expose on Friday a second scandal involving the country’s banks in as many days, as Barclays boss Bob Diamond clings to

JPMorgan likely to post $4 billion to $6 billion trade loss

YoopyaJun 29, 20120

(Reuters) – JPMorgan Chase & Co’s losses from disastrous derivatives trades will likely amount to $4 billion to $6 billion in the second quarter, far

Lending agencies urge WTO ‘trade facilitation’ pact

YoopyaJun 28, 20120

WASHINGTON (Reuters) – The heads of the World Bank and other international lending agencies on Wednesday urged countries to salvage an agreement to help poor

Shell again extends offer for explorer Cove Energy

YoopyaJun 28, 20120

LONDON (Reuters) – Oil major Shell again extended a deadline for Cove Energy shareholders to accept its offer, giving itself more time to decide its

News Corp board approves company split: source

YoopyaJun 28, 2012March 18, 20230

(Reuters) – The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar

Barclays paying $453 million to settle Libor probe

YoopyaJun 28, 20120

(Reuters) – U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure

Insight: John Paulson’s returns falter again; investors fret

YoopyaJun 28, 2012February 20, 20240

(Reuters) – Billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for