Europe
European Union Ministers Said to Discuss EU Bonds to Fund Any Greek Rescue European Union finance ministers
will discuss next week whether any Greek bailout should be
funded by EU bonds guaranteed by euro region governments, said
three people briefed on preparations for March 15-16 meetings.
Investors Now Net Buyers of Greek, Irish, Portuguese Bonds, Citigroup Says Investors have been net buyers for
the past three weeks of bonds issued by Greece and other so-
called peripheral European nations with widening deficits,
including Spain, Portugal and Ireland, Citigroup Inc. said.
European Stocks Rise, Extending Weekly Gain; Siemens, Volkswagen Advance European stocks advanced, extending
the Stoxx Europe 600 Index’s second consecutive weekly gain, on
speculation the European Union may offer to bail out Greece and
an unexpected increase in U.S. retail sales.
Baer Says Switzerland, Europe Must Find Compromise to Settle Secrecy Spat Switzerland and the European Union
should compromise to resolve a dispute over banking secrecy or
risk losing the assets of wealthy people to Asia, said Julius
Baer Group Ltd. Chairman Raymond Baer.
Yara Rules Out Raising $4.1 Billion Terra Offer After CF Makes Higher Bid Yara International ASA, the largest
publicly traded nitrogen-fertilizer maker, said it wouldn’t
raise a $4.1 billion offer for Terra Industries Inc., leaving
the way clear for rival suitor CF Industries Holdings Inc.
European Industrial Output Rose Most in More Than Two Decades in January European industrial output rose the
most in more than two decades in January, led by energy
production.
BBVA Chairman Gonzalez's $109 Million Pension Pot Riles Spanish Investors Francisco Gonzalez, chairman of
Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest
lender, has a pension worth 79.8 million euros ($109 million).
That’s almost four times the pot accumulated by Stephen Green,
his counterpart at HSBC Holdings Plc, Europe’s largest bank.
Petrofac Targets Iraq's Oil Boom After CEO Asfari Quadruples Share Value Ayman Asfari, the chief executive
officer whose oil and gas engineering skills guided a fourfold
increase in the value of Petrofac Plc within five years, is now
preparing to tap Iraq’s energy boom.
Finnair Is in Talks With Norwegian Air on Pact to Squeeze Unprofitable SAS Finnair Oyj is seeking an agreement
with Norwegian Air Shuttle ASA that would funnel more passengers
onto the Helsinki-based carrier’s long-haul flights, helping win
market share from unprofitable rival SAS Group AB.
British Airways Flight Attendants Plan Seven Days of Strikes in Late March British Airways Plc’s 12,000 flight
attendants will strike for seven days starting on March 20 after
talks about pay and lower staffing levels broke down.
German Drug-Price Cuts Winning Lawmaker Support in Coalition, Roesler Says Germany is a step closer to cutting
as much as 2 billion euros ($2.7 billion) in drug spending after
a plan to curb health costs won support among ruling coalition
lawmakers, Health Minister Philipp Roesler said.
Brian Pitman, Former Lloyds Bank Chairman, Adviser to Branson, Dies at 78 Brian Pitman, who transformed
Lloyds Bank into Britain’s most profitable lender and was one of
his generation’s most successful bankers, has died. He was 78.
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