BNP Paribas

Court rejects challenge to Fortis rescue

By Philip Blenkinsop and Ingrid Melander BRUSSELS (Reuters) - A Belgian court has rejected a challenge by shareholders to the state-backed rescue of financial giant Fortis (FOR.BR: ), ruling that procedures had been correctly...

GDF Suez could substitute RWE in NPP "Belene"?

The French energy giant GDF Suez claimed on Monday that “in principle it is interested” in the purchase of a share in the second Bulgarian nuclear power plant “Belene”. Last month the Bulgarian government decided to determine...

Investor fury puts Barclays plan in danger

Barclays' £7bn fundraising was in the balance last night after an attempt by the board of the high street bank to appease its shareholders appeared to have failed to win over powerful City investors.The Association of British...

UPDATE 2-InBev closes Bud deal, becomes No. 1 brewer

By Martinne Geller NEW YORK, Nov 18 (Reuters) - InBev NV has closed its purchase of U.S. brewer Anheuser-Busch Cos Inc to create the world's largest brewer in the biggest cash acquisition in history, despite a global financial...

Budget airlines' strategy is split

Ryanair chief Michael O'Leary posing before a news conference in August. That view, however, is not shared by the other titan among Europe's low-cost airlines: Stelios Haji-Ioannou, founder of easyJet, which is Ryanair's...

BNP Exhales

The French bank finally receives good news about its revenue stream and capital position. BNP Paribas enjoyed a brief respite from capital-raising concerns on Tuesday.Its shares will remain under pressure but now it has new...

JGBs edge up on Treasuries, declining Tokyo shares

By Shinichi Saoshiro TOKYO, Nov 19 (Reuters) - Japanese government bonds edged up on Wednesday following an overnight rise in U.S. Treasuries and a decline in Tokyo stocks. 'Macroeconomic factors are lessening in impact as the...

Asia stocks drop as bank job cuts hit mood!

Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

US banks help cut losses on locked hedge funds

NEW YORK, Nov 19, 2008 (Reuters via COMTEX) -- The same Wall Street dealers that offered sophisticated derivatives that allowed investors to magnify their risks are now pitching elaborate instruments designed to reduce exposure...

Dow Rises 151 Points As Markets End Volatile Session

Wall Street struggled to undo a day of losses late Tuesday, and the Dow moved higher in the last hour as the Big Three American automakers took their case for a bailout to Capitol Hill. After bounding higher on a strong outlook...

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