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- U.S., French journalists killed in Syria
- AMMAN/BEIRUT (Reuters) - American correspondent Marie Colvin and French photographer Remi Ochlik were killed in the besieged Syrian city of Homs on Wednesday when rockets fired by government forces hit the house they were staying in, opposition activists and witnesses said.
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- Strauss-Kahn released after night in French cell
- LILLE, France (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from police custody on Wednesday after being questioned for two days in a prostitution case.
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- Greece rushes to pass bailout laws amid protests
- ATHENS (Reuters) - Thousands of protesters angry at punishing spending cuts poured into Athens' central Syntagma Square on Wednesday as Greek lawmakers rushed to pass laws needed to secure payment of a second bailout for the debt-laden country.
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- Policy pace to settle after Draghi's dramatic start
- FRANKFURT (Reuters) - Two rate cuts, an expected 1 trillion euro stimulus and tentative signs of the euro zone economy stabilising have diminished the chances that the European Central Bank will cut interest rates to a new low.
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- Edinburgh Woollen Mill buys most of Peacocks
- LONDON (Reuters) - Clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks stores, in a deal which will see 6,000 jobs saved, Peacocks' administrators KPMG said on Wednesday.
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- Frankfurt airport strikes to end Wednesday night
- FRANKFURT (Reuters) - Five days of strikes at Frankfurt airport, Europe's third busiest, will end on Wednesday evening after the union agreed to start fresh pay talks for around 200 workers.
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- Euro zone teetering on brink of recession
- LONDON (Reuters) - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.
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- Banks shell out £1.9 billion for insurance mis-selling
- LONDON (Reuters) - Lenders paid out a record 441 million pounds in compensation for insurance mis-selling in December, taking payouts for 2011 to 1.9 billion pounds and raising the prospect of an even bigger bill this year.
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- Bank dissent reinvigorates prospects of more QE
- LONDON (Reuters) - The chances of more Bank of England asset-buying to support a fragile economy grew on Wednesday when minutes of February's policy meeting showed two officials sought a bigger increase this month in quantitative easing than was eventually agreed.
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- Occupy loses legal fight over St Paul's eviction
- LONDON (Reuters) - Anti-capitalism activists lost their legal fight against eviction from outside London's landmark St Paul's Cathedral on Wednesday after three judges turned down their appeal application, heralding the end of their four-month protest.
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- CBI urges Osborne to focus on growth goals in budget
- LONDON (Reuters) - Chancellor George Osborne should focus on implementing the growth-boosting measures he unveiled last year in the budget due on March 21, Britain's biggest business lobby group said on Wednesday.
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- Olympus says India exec likely had no ties to scandal
- TOKYO (Reuters) - An Olympus Corp executive found dead in India in an apparent suicide is likely to have had no link to the Japanese endoscope maker's accounting scandal, a company spokeswoman said on Wednesday.
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- Economy set for moderate recovery - Bank's Bean
- LONDON (Reuters) - The economy looks set for a moderate recovery starting later this year as falling inflation eases the squeeze on household incomes, Bank of England deputy governor Charles Bean said on Tuesday.
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- Europe's debt crisis set to dominate G20 talks
- MEXICO CITY (Reuters) - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.
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- U.S. signals possibility of arming Syrian rebels
- WASHINGTON/AMMAN (Reuters) - The United States appeared to open the door to eventually arming Syria's opposition, saying that if a political solution to the crisis was impossible it might have to consider other options.
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- Irish PM says legal advice on referendum likely in 2/3 weeks
- DUBLIN (Reuters) - Irish Prime Minister Enda Kenny said on Tuesday that the state's lawyer is likely to advise within "two to three weeks" on whether the country needs to hold a referendum on a new EU treaty that includes tougher fiscal rules.
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- Lloyds claws back £1.5 mln in bonuses post insurance debacle
- LONDON (Reuters) - Lloyds will claw back nearly 1.5 million pounds of bonus payments to its former chief executive and four other leading directors, following an insurance mis-selling debacle at the part state-owned British bank.
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- EU leaders to ask G20 to back higher IMF funds
- BRUSSELS (Reuters) - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
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- HSBC to issue shares to pay UK bonuses - source
- LONDON (Reuters) - HSBC Holdings is to issue shares to pay the cash element of bonuses for its UK bankers in response to regulatory pressure to preserve capital, a person familiar with the matter said on Tuesday.
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- Iran "winning" on oil sanctions - top trader
- LONDON (Reuters) - An increase in world oil prices has more than compensated Iran for revenues lost to lower crude exports because of sanctions imposed by the West, the head of the world's leading oil trader said Tuesday.
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- Economy set for moderate recovery - Bank's Bean
- LONDON (Reuters) - The economy looks set for a moderate recovery starting later this year as falling inflation eases the squeeze on household incomes, Bank of England deputy governor Charles Bean said on Tuesday.
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- Red Cross seeks Syria ceasefires; more than 100 killed
- BEIRUT/GENEVA (Reuters) - Syrian government forces killed at least 100 people on Tuesday in assaults on villages and an artillery barrage in the restive city of Homs, activists said, and the Red Cross called for daily ceasefires to allow in urgently needed aid.
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- Strauss-Kahn held in French prostitution probe
- LILLE, France (Reuters) - Former IMF chief Dominique Strauss-Kahn was questioned by police on Tuesday over his dealings with an alleged prostitution ring that was run from the northern French city of Lille and organised sex parties in Paris, Brussels and Washington.
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- Europe seals new Greek bailout, doubts remain
- BRUSSELS (Reuters) - Euro zone finance ministers agreed a 130-billion-euro (108.7-billion-pound) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.
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- Asda sales growth slows
- LONDON (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart Stores Inc, posted a slowdown in sales growth in its fiscal fourth quarter as shoppers cut back due to rising prices, muted wages growth and an uncertain economic outlook.
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