BRUSSELS - European Union foreign ministers urged Israel and the Palestinians on Tuesday to make Jerusalem their shared capital, prompting a swift, angry reaction from Israel. For their part Tuesday, the Palestinians announced a boycott of products
BRUSSELS - European Union foreign ministers agreed on Tuesday that Jerusalem should be the capital of both Israel and a future Palestinian state, as part of a negotiated settlement, EU diplomats said. The foreign ministers, meeting for a second day
Big European banks are likely to be forced to cut their balance sheets or use a large proportion of their profits to build up capital, according to a new analysis of a proposed regulatory limit on total bank borrowing.With the Basel Committee on Ban
LONDON - The world's rich and powerful have long chosen London to defend their interests in court, but pressure is mounting for an overhaul in the English laws that saw it named libel capital of the world . Lawyers, freedom of speech campaigners a
FRANKFURT - Volkswagen shareholders have overwhelmingly approved a capital increase aimed at financing a purchase of the luxury sports car maker Porsche, a VW statement said. The issuance of 135 million preferential shares, worth more than eight bi
Bank of America on Thursday priced its $18.8bn equity sale at $15 a share, a 4 per cent discount from Wednesday’s close, a person familiar with the matter said. The lender is issuing stock to help repay $46bn of bail-out funds to the US government.
PSA Peugeot Citroën is in talks with Japan’s Mitsubishi Motors over a broad-based alliance which may include a capital tie-up.A person close to Mitsubishi on Thursday said the two companies were in talks and the French carmaker had alerted sharehold
Indian banks need to strengthen their capital base to meet the needs of the fast-growing domestic economy, Duvvuri Subbarao, the governor of the Reserve Bank of India, said on Wednesday.While India’s banking system has weathered the global financial
online 27