IBT Staff Reporter

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IFR: Voluntary Greek debt restructuring in next 2 yrs: expert

LONDON, April 13 - Any fundamental restructuring of Greece's US$350bn of outstanding debt before June 2013 will have severe repercussions across the Eurozone, according to the lawyer who advised Uruguay on the successful restructuring of its sovereign debt in 2003.

U.S. debt position not a factor in yield rise: IMF

Rising U.S. bond yields have more to do with improving economic growth prospects and market concerns about inflation rather than Washington's deteriorating fiscal position, the International Monetary Fund said on Wednesday.

Bang & Olufsen will not rule out divestments: CEO

Danish luxury electronics maker Bang & Olufsen will not rule out divestments and is confident the flat development in its core audio-video business can be turned around, its Chief Executive told Reuters.

Japan cuts econ view, quake to squeeze profit margins

Japan's government has downgraded its assessment of the economy for the first time in six months to reflect last month's devastating earthquake and tsunami, while wholesale prices rose at the fastest pace in more than two years in an ominous sign for company profit margins.

Obama Enters Debate on Deep U.S. Debt

President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.

Japan government downgrades economy view on earthquake

- Japan's government on Wednesday downgraded its assessment of the economy for the first time in six months, saying it is showing weakness after a devastating earthquake and tsunami last month battered the northeast coast.

Rick-Rolling Oregon lawmakers a hit on YouTube

Oregon state lawmakers, capitalizing on a long-running Internet meme, have created a YouTube sensation by slipping the lyrics from a song by 1980s pop star Rick Astley into floor speeches.

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