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Eurozone 'agrees Greek bailout'

13 Mar 2010, 12:02PM

The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday.Read more

US launches export-doubling strategy

Shipping container box exports (AP)

12 Mar 2010, 7:46AM

US puts into action an ambitious strategy to double exports by prising open emerging markets in a bid to ease unemployment amid fragile economic recovery. Read more

15,000 hit by HSBC data theft

HSBC bank sign (Getty)

11 Mar 2010, 7:58PM

Some 15,000 customers may have been affected by the theft of data from a Swiss branch of banking giant HSBC three years ago. Read more

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Swisscom CEO says Fastweb victim of fraud: report

14 Mar 2010, 2:12AM

ZURICH (Reuters) - The chief executive of Swisscom AG said Fastweb was a victim of fraud, a Swiss paper reported on Saturday, the second time the CEO has come out in defense of his company's subsidiary. Read more

UBS may return to commodities in 2010: report

14 Mar 2010, 12:11AM

ZURICH (Reuters) - UBS is considering possibly returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS's investment bank. Read more

Kuwait Dar seeks legal protection

13 Mar 2010, 11:12PM

KUWAIT (Reuters) - Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt-restructuring plan. Read more

German finance ministry unaware of Greek bailout deal

13 Mar 2010, 6:38PM

BERLIN (Reuters) - The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece. Read more

Nortel sales decline as customers cut spending

13 Mar 2010, 12:52PM

NEW YORK (Reuters) - Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy. Read more

New York City bank among three U.S. bank failures

13 Mar 2010, 11:19AM

WASHINGTON (Reuters) - The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days. Read more

Data, Fed to test if rally still has legs

13 Mar 2010, 10:07AM

NEW YORK (Reuters) - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track. Read more

Slow financial regulatory reform irks industry

13 Mar 2010, 6:54AM

BOCA RATON, Florida (Reuters) - The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week. Read more

Wells Fargo, Baltimore in talks after mortgage suit

13 Mar 2010, 6:31AM

NEW YORK (Reuters) - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices. Read more

Treasury says1 million homeowners in loan modifications

13 Mar 2010, 6:07AM

WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than a million active borrowers, though far fewer of the program's eligible borrowers have obtained permanent loan modifications, according to a Treasury Department report released on Friday. Read more