European Stocks Slip Again Investors continued to await a deal on Greek austerity measures, a prerequisite for finalizing the bailout deal. The Stoxx 600 fell modestly for a third session.
Fragile Rebound for UBS Following a poor fourth quarter in which UBS's revenue fell short of expectations and with no respite in sight, new Chief Executive Sergio Ermotti shouldn't expect his stock-market honeymoon to continue.
UBS Will Slice 60% From Bonuses UBS said it will slash its investment-bank bonuses for 2011 by 60%, while the head of the unit will forgo any bonus following a trading scandal in September that cost the bank $2.3 billion.
European Stocks Edge Lower European stocks pared earlier losses and the euro climbed against the dollar as Greek lawmakers looked close to concluding an agreement needed to qualify for a second bailout.
Focus Turns to ECB Greece Policy The European Central Bank is widely expected to keep its interest rates on hold, but clues as to how it will deal with the intensifying crisis in Greece are likely to steal the show.
Euro Climbs Above $1.32 The euro surged to an eight-week high against the dollar on fresh hopes that Greece's debt restructuring would be completed soon.
Lloyds to Cut 990 Jobs Lloyds is eliminating close to 1,000 U.K. positions and closing some offices, as the bank continues to reduce costs and streamline its business.
NAB Reviews UK Operations National Australia Bank said it is reviewing its operations in the U.K., where it owns more than 300 bank branches, after abandoning hopes of a near-term economic recovery there.
Asia Markets Slip Mainland Chinese shares tumbled, leading most major Asian markets lower, as investors expressed disappointment at monetary policy in the world's No. 2 economy; the Shanghai Composite slid 1.7%.
Brent Stretches Its Advantage Over WTI Brent crude is bolstering its reputation as the best indicator of global oil prices in 2012, using its transportation flexibility to outmaneuver landlocked West Texas Intermediate.
Deutsche Börse Revamps Small-Stock Trading German exchange operator Deutsche Börse is overhauling rules governing its platform for trading shares of small companies, after a surge in market frauds over the past three years.
European Stocks End Lower European stocks ended in the red and the euro dropped against the dollar, as Greek debt negotiations rumbled on and with the country's politicians yet to reach an agreement on austerity measures.
Will More QE Help the U.K.? The Bank of England is likely to unleash a further round of quantitative easing this week. But whether this is the right monetary medicine remains an open question.
Tesco Delays Launch of U.K. Current Accounts U.K. supermarket giant cites difficulty for customers to switch banks for offering's pushback to 2013.
UniCredit Buys Back Debt UniCredit said it bought back almost €2 billion of its own debt securities, taking advantage of low ECB loan rates.
Italian, French Bonds Rise Italian and French government bonds reversed earlier declines to trade modestly higher, although the market was cautious amid a deadlock over a new rescue package for cash-strapped Greece.
Ways to Bet on a Rebound in Europe The outlook is cloudy, but stocks look fairly cheap. One option: index ETFs dominated by multinationals.
Cheap ECB Cash A Banking Fillip The European Central Bank's decision to lend banks nearly a half-trillion euros has sent bond yields sliding in many financially stressed countries and lifted banking stocks.
Greece Bailout Talks Bode Ill for Lisbon As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.
Spain Risks Incomplete Banking Solution The overhaul package outlined by Spain, which requires banks to make an estimated $65.7 billion in new provisions against their real-estate exposures, may not draw a line under the saga.
Jobs Data Help Dollar Gain A surprisingly strong jobs report boosted the dollar, as evidence of a rebounding labor market helped diminish expectations of more expansionary monetary policy by the Federal Reserve.
Xstrata Minorities Should Dig In Their Heels Some Xstrata shareholders are concerned that the planned merger with Glencore looks "uncomfortably cozy" and may offer more to employees of the two companies than minority shareholders.
U.K. Services Sector Expands Activity in the U.K.'s dominant services sector accelerated in January, raising hopes the British economy can avoid recession.
Glencore Must Dig Deeper for Xstrata Xstrata shareholders should demand that Glencore pay a premium for its proposed all-share "merger of equals" with Xstrata—although they shouldn't raise their hopes of getting a large one.
Spain Details New Bank Cleanup Spain's new two-year plan to clean up its banks will require them to set aside $65.8 billion to cover losses from souring loans as part of an effort to improve the flow of credit to the economy.
Blue Chips Slump The Dow industrials finished in the red for the seventh time in nine sessions, as mixed earnings curbed sentiment ahead of Friday's reading on jobs.
Deutsche's Ackermann Skirts Capital Problem Josef Ackermann can relax: Barring disaster, he can now look forward to retiring as CEO of Deutsche Bank in May without having to raise equity. But will his successors, co-CEOs-designate Anshu Jain and Jurgen Fitschen, be so lucky?
Hutchison Whampoa to Buy Orange Austria Hong Kong conglomerate Hutchison Whampoa agreed to buy Austria's third-largest mobile operator for about €1.3 billion in a move that will enable the ports-to-telecom operator to expand its market share in the European country.
European Stocks Rise for Third Day European stocks closed marginally higher, notching a third consecutive day of gains, as bullish news from the mining sector offset disappointing earnings reports.
Greek Parties Plan Talks on Cuts Greece's prime minister has set crucial talks with leaders of the three parties backing his interim government to try to build a solid consensus for further cutbacks and reforms, a condition set by Greece's official lenders for further aid.
Munich Re's Reassuring Prospects Reinsurers like Munich Re may be seen as staid, slow-moving beasts—but their talent as scavengers is underappreciated.
Irish Weigh Up Referendum Risks Irish voters have developed a habit of rejecting European Union treaties, but should they do so again, the consequences could be dire.
Spanish Bond Yields Fall Spain's treasury benefited from market confidence, raising slightly more than its planned amount of cash via a government bond sale at lower borrowing costs.
Spanish Unemployment Soars Spain's jobless claims shot up 4% in January from December to 4.59 million, a sign that the euro zone's fourth-largest economy is still shedding jobs at a record rate.
Commodity, Financial Shares Lead Asia Higher Asian markets joined in the global appreciation after the release of stronger manufacturing data from the U.K., EU and U.S.; the Shanghai Composite Index gained 2%.
BBVA Swings to Loss on U.S. Charge Spain's Banco Bilbao Vizcaya Argentaria swung to a fourth-quarter loss after taking a €1 billion charge on its U.S. operations and setting aside more cash to cover bad loans.
German-IMF Rift Stalls Greece Deal A long-awaited agreement to restructure more than $262 billion of Greek bonds in private hands is being held up in large part by big differences between two of Greece's official creditors: the IMF and Germany.
EU Banks: Give Us Leeway on Assets Regulators are considering loosening rules that require lenders to maintain deep pools of ultrasafe assets to protect them in a crisis.
European Bond Rally May Have Legs Credit where credit's due: January was a bumper month for European corporate-bond markets. And even now, corporate bonds still look unloved. Investors should consider buying.
NYSE-Deutsche Joins String of Killed Deals The rejection by European regulators of the merger of German exchange operator Deutsche Börse AG and NYSE Euronext could bring to an end an 18-month world-wide deal boom among stock exchanges that fizzed, and then fizzled.
Intesa Sees Vote of Confidence Italy's Intesa Sanpaolo sold an unsecured bond this week "to show that we could," the chairman of country's largest bank said in an interview.
Belgium Slides Into Recession Belgium's economy fell back into recession at the end of 2011, reversing strong growth in the first half of the year amid the euro-zone crisis.
For Exchange CEOs, a Misjudgment and New Goals Duncan Niederauer was to be either the man who turned the New York Stock Exchange into the crown jewel of the world's biggest exchange company, or who handed it to foreigners. Now he'll be neither.
Euro Gives Back Some Gains Another batch of positive economic data helped bolster the euro and growth-sensitive currencies against the dollar, though the common currency pared gains as Greek debt deal negotiations dragged on.
Greek Leader Seeks Support Greek Prime Minister Lucas Papademos has launched a bid for broad political backing for the painful reforms needed to get a new loan deal.
Q&A: NYSE Executives on Deal's Collapse In an interview, the Big Board's CEO and chairman managers answered questions about a potential appeal, the relationship with Deutsche Börse's CEO and the NYSE's way forward shortly after the EU decision became official.
RBS Bonus Sacrifice May Have Unintended Victims The successful campaign to force Royal Bank of Scotland's boss to give up the $1.57 million share award to which he was entitled takes the U.K. row over bank bonuses to a new level and may have real-world consequences.
German Yields Stay Low Germany's borrowing costs remained at close to record-low levels at its 10-year bund auction Wednesday as investors continued to put money into safe-haven debt, while Portugal also saw a fall in yields.
Banco Popular Sees Profit Rise Banco Popular's fourth-quarter net profit rose 10% as it reduced loan-loss provisions, but it will hoard most of its profits to meet higher capital requirements.
Wheel Turns: Chrysler May Be Fiat Savior Red-hot Chrysler, the runt of Detroit's litter, may provide the cash flow to revive its foreign parent's fortunes less than three years after exiting from bankruptcy.
