BP unlikely to cancel dividend, but mulls several ideas: source
BP Plc is unlikely to decide to cancel its dividend, a person familiar with the British energy giant said on Sunday, as the company faced pressure in the United States to suspend the payment to help pay for damage caused by a huge oil spill.
Most Greeks mistrust government to fight corruption: poll
Most Greeks believe the country's political system cannot tackle chronic graft and think most politicians are corrupt, an opinion poll published on Sunday showed.
Global crisis seems near final stage: Israel's Fischer
The global financial crisis appears to be in its final stages, although some countries are still experiencing a recession, Bank of Israel Stanley Fischer said at an International Monetary Fund-World Bank meeting on Sunday.
Key party attacks draft Spanish labor reform
Spain's biggest regional political party, the CiU, on Sunday criticized the government's draft proposal for labor reform as a slapdash job and said it would not support it in its current form.
Accounts of 500 UBS clients already sent to U.S.: report
Swiss authorities have already handed over 500 accounts of UBS clients to the United States under an agreement to end a tax dispute that has threatened the bank's existence, a paper reported on Sunday.
South Korea unveils currency controls
South Korea announced on Sunday long-anticipated currency controls, saying it aimed to curb rapid shifts in capital flows that were linked to short-term foreign debt and posed a risk to the world's ninth-biggest exporter.
China media scorn U.S. yuan bill baby kissers
U.S. lawmakers risk poisoning the atmosphere with China through proposed laws aimed at the yuan currency, China's official news agency said on Sunday, calling Congress members baby kissing incompetents.
Pilots strike at Spirit Airlines
Pilots at Spirit Airlines went on strike on Saturday after U.S.-mediated contract talks failed to reach an agreement, a small-carrier stalemate that could influence workers at bigger carriers.
ECB Nowotny: Will buy bonds until markets stabilize
The European Central Bank will maintain its bond-buying program until financial markets stabilize, ECB Governing Council member Ewald Nowotny told Japan's Nikkei newspaper in an interview published on Sunday.
Japan to review spending to rein in debt
Japan's government will review some of the spending plans pledged by the ruling party as part of an effort to rein in the country's huge public debt, new Finance Minister Yoshihiko Noda said on Sunday.
Germans protest against Merkel's savings package
Tens of thousands of Germans protested on Saturday against Germany's biggest austerity drive since World War Two, adding to pressure on Chancellor Angela Merkel's increasingly unpopular coalition.
Forex - U.S. yuan bill would be against WTO rules -China
Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organisation rules, China's Ministry of Commerce said on Saturday.
German finance minister denies report on new 2011 borrowing
Germany's Finance Ministry on Saturday denied a media report that federal net new borrowing would be around 60 billion euros next year.
Flights canceled as pilots strike at Spirit Airlines
Pilots at Spirit Airlines struck the company on Saturday after mediated contract talks failed to reach an agreement, a small-carrier stalemate that could influence workers at bigger carriers.
Spain PM says labor reform will create jobs
A draft labor reform package due to be approved by Spain's government on Wednesday will help generate jobs and boost confidence in a struggling economy, Prime Minister Jose Luis Rodriguez Zapatero said on Saturday.
UK mediator seeks to break BA dispute deadlock
Britain's industry mediator has put forward confidential proposals to try to end a long-running dispute between British Airways and its cabin crew.
Gold gains while oil eases in New York
Gold prices extended gains while oil dropped at the end of this week's trade in New York. US gold futures for delivery in August gained $8, or 0.7 per cent, to $1,230.20 on the Comex in New York. The metal gained 1 per cent this week.
U.S. yuan bill would be against WTO rules: China
Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday.
Great Divide Developing in U.S. Natural Gas
Bentek Energy managing director Rusty Braziel sees a great divide developing in U.S. natural gas. Bentek are one of the leaders in tracking and analyzing American gas pipeline flows. Where gas is flowing, who's using it, and at what price.
Oil price rally stumbles Friday on negative economic news
After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract fell back again on Friday on news of an unexpected decline in retail sales in the U.S.
Warren Buffett lunch sells for $2.63 million on eBay
A bidder has agreed to pay $2.63 million for a steak lunch with the billionaire investor Warren Buffett in a charity auction held on eBay Inc's website.
Regulators close Seattle bank, total now 82
U.S. regulators seized Washington First International Bank in Seattle on Friday evening, bringing the total of failures so far this year to 82.
Morgan Stanley, JPMorgan set to lead GM IPO: source
Morgan Stanley and JPMorgan Chase & Co are likely to be the lead underwriters in General Motors' initial public offering, a source said on Friday, a role more attractive for its prestige than its fees.
Europe and economic data to call stocks' tune
U.S. stock investors will keep a close eye on Europe next week, looking for signs the debt crisis may be stabilizing, while industrial production, housing starts and inflation data may offer more clues on the U.S. economic outlook.
ITC to probe Apple for HTC patent infringement
A U.S. trade panel will investigate allegations made by HTC Corp that Apple infringes its technology, as HTC seeks to win a ban on the U.S. sale of iPhones, iPads and iPods.
Blockbuster in bankruptcy financing talks: report
Blockbuster is in talks with bondholders to get a $150 million debtor-in-possession loan, a sign the movie rental company could be closer to seeking Chapter 11 protection, the Wall Street Journal reported on Friday.
Retail sales slump but consumer mood perks up
Sales at U.S. retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery.
Wall Street climbs in late advance on chip makers
Stocks rose in a late rally on Friday as a strong forecast from a chip maker lifted tech shares and helped alleviate concerns about the economy's health after an unexpected drop in retail sales.
Google helps build trade case over Web censorship
Google Inc is working with U.S. and European officials to build a case that would argue Internet censorship acts as a trade barrier, a top company executive said on Friday.
Plosser wants asset sales; Kocherlakota warns on banks
Two Federal Reserve officials on Friday painted divergent pictures of U.S. economic strength, suggesting a growing split at the central bank that could affect the outlook for interest rates.
