Business News Headlines

'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

UK, 2:16am BST

Fri, Oct 24 2014

Rapid UK recovery starts to slow from previous red-hot pace


LONDON - Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May's election.

UK 24 Oct 2014

Russian government approves law to clamp down on offshore tax sheltering

MOSCOW - Russia's government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters.

11:02am BST

Bond investors take fright at Tesco's fall from grace


LONDON - Investors demanded higher yields to hold Tesco's debt on Friday while the cost of insuring against default rose sharply after ratings downgrades left Britain's biggest grocer hovering just above junk status.

24 Oct 2014

China's auto market growth may halve to 7 percent this year - industry body head


SHANGHAI - Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

7:34am BST

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