Global regulators are giving banks four more years to build up cash buffers, and that could be just what’s needed to spur lending, says Reuters regulation correspondent Huw Jones.
Read the full story on the new bank capital rules here.
BWIN’s move to tie up with a Belgian casino operator may be a blueprint for other firms trying to negotiate Europe’s tangle of conflicting gambling laws, says Reuters sports business correspondent Keith Weir. Read Keith Weir’s full story on BWIN here.
Greece plans to spend €10bln buying back bonds as part of moves to reduce its ballooning debt. Reuters Athens correspondent George Georgiopoulos says the deal looks like it’s priced to succeed.
Read the full story of Greece’s bond buyback here.
Major banks have announced 160,000 job cuts worldwide according to research by Reuters investment banks correspondent Sarah White. And the chances are that most of those posts are gone for good. Sarah White’s story on bank job losses can be read here.
Spain’s “bad bank” could be bad news for the country’s property developers. Reuters correspondent Tom Bill explains why: Tom Bill’s story on Spain’s bad bank can be read here.
Starbucks faces fresh questions over its avoidance of tax in Europe, but Reuters correspondent Tom Bergin says politicians have only themselves to blame if they leave loopholes for companies to exploit. Tom Bergin’s story on Starbucks can be read here.
Austerity budgets and competition from cheap generics are forcing big drugmakers to get creative about pricing – and that’s making an already fragmented European drugs market even more opaque, says Reuters European pharmaceuticals correspondent Ben Hirschler. Ben Hirschler’s full report on big pharma’s pricing tactics can be read here.