'We won't pay,' furious Cameron tells EU over surprise bill

BRUSSELS - In a vivid display of fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro (1.65 billion pounds) bill on Friday as EU leaders ordered an urgent review of the calculations used. | Video

Recent Business News

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays

HELSINKI - The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.

9:11am BST

Deutsche Bank lawyer found dead in apparent NY suicide - WSJ

BERLIN - Calogero Gambino, a senior Deutsche Bank regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported on Saturday, citing New York City officials and other sources.

10:31am BST

South Korea fund to abstain from Samsung merger vote, wants share buybacks

SEOUL - South Korea's National Pension Service does not support the merger of two Samsung Group units and plans to ask them to buy back its holdings in the pair, an NPS spokeswoman said on Saturday.

6:39am BST

India's finance minister favours interest rate cut - paper

NEW DELHI - India's Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation.

7:48am BST

Greybull Capital buys UK's Monarch

LONDON - British holidays and airline company Monarch [MONA.UL] has been acquired by investment firm Greybull Capital which will pump 125 million pounds into the company as it turns itself into a budget airline.

Aerospace & Defence 11:00am BST
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