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News

BP preparing "vigorously" for oil spill lawsuits (Reuters) ;- Reuters - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains. Tue, 07 Feb 2012 11:19:54 GMT

Greek leaders face crunch talks as unions strike (Reuters) ;- Reuters - Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity. Tue, 07 Feb 2012 10:26:55 GMT

Glencore-Xstrata deal meets shareholder opposition (Reuters) ;- Reuters - Two top 10 shareholders in miner Xstrata said on Tuesday they would vote against a takeover by commodities trader Glencore, threatening the industry's biggest deal to create a powerhouse spanning mining, agriculture and trading. Tue, 07 Feb 2012 10:20:19 GMT

US trip of China's next leader: From Obama to Iowa (AP) ;-

AP - In 1985, Xi Jinping led a delegation to Muscatine, Iowa, to study advanced hog-raising techniques. He returns next week, preparing to lead the world's most populous nation.

Tue, 07 Feb 2012 10:15:02 GMT

Russian FM in Syria amid escalating violence (AP) ;-

AP - Thousands of Syrians waving Russian flags cheered Russia's foreign minister as he arrived in Damascus Tuesday for talks with embattled President Bashar Assad on the country's escalating violence.

Tue, 07 Feb 2012 10:05:32 GMT

Toyota raises annual profit forecast, eyes recovery (Reuters) ;-

Reuters - Toyota Motor Corp raised its full-year profit forecast by more than a third as it cuts costs, trims spending and expects Japanese government schemes to boost sales, though the guidance was still some way below analysts' expectations.

Tue, 07 Feb 2012 09:49:42 GMT

Greek hopes prop up euro, results hit shares (Reuters) ;-

Reuters - The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.

Tue, 07 Feb 2012 09:45:09 GMT

Syrian forces bombard Homs, Lavrov arrives for talks (Reuters) ;-

Reuters - Syrian forces renewed their bombardment of Homs on Tuesday as Russian Foreign Minister Sergei Lavrov arrived in Damascus for talks aimed at pressing President Bashar al-Assad to end a bloody crackdown on a popular revolt and carry out reforms.