NRG Energy says a proposal for a new transmission line into the Houston area is based on flawed data.  (AP Photo/Mark Duncan, File)

U.S. regulators, Deutsche Bank in settlement talks in manipulation case

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The U.S. Federal Energy Regulatory Commission is in settlement talks with Deutsche Bank AG, which disputed $1.6 million in proposed penalties after the agency said a bank unit manipulated energy markets.
Categories: General

Hazardous smog blankets Beijing

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People refuse to venture outdoors and buildings disappear into the murky skyline as Chinese capital is blanketed in a thick layer of hazardous smog
Categories: Uncategorized

EU redrafts plan for bank rescue funding

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Proposal would force struggling countries to either invest in failing banks alongside the European Stability Mechanism, or guarantee it against any losses
Categories: Uncategorized

Big banks on thin ground with margins

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JPMorgan, Bank of America and Citigroup are expected to find profits have been squeezed by the Federal Reserve’s policy of ultra-low interest rates
Categories: Uncategorized

EU to foster unified telecoms market

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Commissioner voices determination to harmonise industry across borders and says “various forms of asset sharing can promote competition”
Categories: Uncategorized

Forces fight over Damascus suburb

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Loyalists of President Bashar al-Assad were advancing into the Daraya district south of the capital to cut off one of the main routes for rebel fighters
Categories: Uncategorized

Confusion persists over Herbalife

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The row over the nutritional supplements group’s business model this week highlights the question of where the money comes from
Categories: Uncategorized

Wells Fargo dominates post-crisis lending

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The Des Moines bank is provoking concern after amassing nearly 40% of new and refinanced loans as regulations redraw the US housing market
Categories: Uncategorized

Detroit showcases global car trend

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Among the vehicles to be unveiled at the Detroit auto show will be new models in the Fiat 500 range, as manufacturers import designs from struggling European markets
Categories: Uncategorized

Court orders retrial for Mubarak

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Egypt’s former president was found guilty last June of failing to stop the killings of hundreds of demonstrators during the 2011 uprising which toppled his rule
Categories: Uncategorized