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Babcock in $1.8 billion VT bid, eclipses Mouchel move

Babcock International has made a 1.14 billion pound ($1.79 billion) approach to buy defense services firm VT Group.

Eco City CEO sets sights on black cab domination

The CEO of Britain's Eco City Vehicles has ambitions to capture half of the black cab market in London with the Mercedes Vito model it sells.

HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.

Bank shares lead FTSE 100 ahead of Eurogroup Meeting

European stock indices edged mostly higher in this quiet trading day, led by financial and commodities firms.

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Daily Forecast - 15/2/2010

The Aussie dollar collapsed in early European exchange following the announcement from the PBOC to lift the reserve ratio required by banks by 0.5%, a move aimed at limiting asset bubbles which will also have the effect of slowing economic growth in China.

Barclays trio of top execs to forgo 2009 cash bonus

The trio of top executives at British bank Barclays , including Chief Executive John Varley and President Bob Diamond, will forgo a cash bonus for 2009, a person familiar with the matter said.

Full Winter Olympics TV Schedule 2010

The Vancouver Olympics kicks off tonight, and already more than 60,000 people are there to witness the Olympic cauldron being lit in BC Place stadium during the opening ceremony. Below is a breakdown of the Full Olympics Schedule of 2010:

EU welcomes Ukraine's Yanukovich

NATO and the European Union's new president joined U.S. President Barack Obama in congratulating Viktor Yanukovich on Friday on his election in Ukraine, as the West looked to extend a hand to the Moscow-leaning leader.

European stocks dip on GDP data and China tightening

European stock indices are losing steam before the opening of the U.S. session as member nations reported less than stellar Gross Domestic Product (GDP) numbers and news of China tightening shook world markets.

IMF offers to help Greece; EU disappoints markets

The International Monetary Fund on Friday joined the European Union in pledging support for Greece in its struggle to bring its ballooning budget deficit under control and contain its debt crisis.

Basic materials lead stock market recovery; financials still lag

Commodities stocks continue to be the best performing in Thursday's U.S. stock market while financials, especially European banks, still lag.

Iran opposition leader attacked at rally: report

Mehdi Karroubi, a major opposition leader in Iran, was reportedly attacked at a rally marking the 31st anniversary of the Islamic Revolution, his son told UK's BBC.

Extremely premature babies show higher autism risk

Researchers found that of 219 children born before the 26th week of pregnancy, 8 percent met the criteria for an autism spectrum disorder (ASD) at age 11. That compared with none of 153 classmates who were born full-term and included in a comparison group.

Prisoner Facebook pages wiped after victim abuse

Facebook has agreed to remove 30 pages from its social networking site after prisoners used them to taunt their victims, British Justice Minister Jack Straw said on Thursday.

Euro up ahead of EU summit, Greece rescue eyed

The euro rose on Thursday ahead of a key EU summit that could lay the groundwork for a rescue of debt-stricken Greece, while Asian stocks gained for a third day, powered by strong economic data from Australia and China.

Daily Forecast - 11/2/2010

The Australian Dollar opens slightly lower today against its U.S. counterpart at 0.8755.

Scientists argue for new climate science approaches

A number of mistakes and eroding public confidence has some scientists calling for drastic changes in how future United Nations climate reports are handled.

Bernanke lays out vision for Fed monetary exit

Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.

The Story Behind Greece's Woes and Bailout

European nations finally gave some public indications this week that they may orchestrate some sort of bailout for Greece as investors grow increasingly concerned.

Stocks flat; Bernanke eyed and Greece fears ease

Stocks are nearly flat this morning as investors monitor the progress of a possible Greece bailout, digest a slew of economic data, and eye Fed Chairman Ben Bernanke's written testimony at 10:00 am EST and the European Union Economic Summit on Thursday.