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Business & Finance

BP to set aside $32.2bn to cover oil spill costs

27.07.2010 - Business & Finance

BP says it has set aside $32.2bn (£20.8bn) to cover the costs linked to the oil spill in the Gulf of Mexico.

EU backs BA and American Airlines alliance

15.07.2010 - Business & Finance

European regulators have paved the way for British Airways, Iberia and American Airlines to work together.

US service sector growth slows in June

07.07.2010 - Business & Finance

The US service sector grew in June, but at the slowest pace since February, according to a survey by the Institute for Supply Management (ISM).

BP 'good value' says leading Libyan oil executive

06.07.2010 - Business & Finance

A leading Libyan oil executive has said he will recommend that the country's sovereign wealth fund buys a stake in troubled oil giant BP.

Finland falls back into recession

09.06.2010 - Business & Finance

Finland's economy slipped back into recession during the first three months of 2010, official figures have shown.

Spanish public sector to strike against austerity plan

08.06.2010 - Business & Finance

Spanish public sector workers are holding a strike in protest against an average 5% cut in pay that comes into effect this month.

Data shows US economic growth continuing

04.06.2010 - Business & Finance

Data released on Thursday has shown that the US economy is continuing to grow, with both factory output and the services sector still expanding.

Warren Buffett defends credit rating agencies

03.06.2010 - Business & Finance

Billionaire investor Warren Buffett has defended credit rating agencies for failing to spot the US mortgage bubble that sparked the financial crisis.

Prudential abandons bid for AIA

02.06.2010 - Business & Finance

UK insurer Prudential has scrapped plans to buy AIA, the Asian business of US insurer AIG.

Prudential 'may abandon AIA deal'

31.05.2010 - Business & Finance

Prudential may abandon its deal to take over AIG's Asian business if the price cannot be renegotiated, a report says.

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