Spain Bails Out Its Third-Largest Bank

Preliminary results from Egypt's first post-revolutionary presidential elections have left both apparent front-runner candidates in a headlong dash to capture Egypt's elusive ideological center. Photo: ...

RIO DE JANEIRO, May 28 (Reuters) - The Brazilian real briefly jumped 1 percent at the open of Monday's trade onoptimism that Greece's pro-bailout parties may be able to form agovernment committed to staying ...

* C$ at C$1.0241 vs US$, or 97.65 U.S. cents * Bond prices slip across the curve By Claire Sibonney TORONTO, May 28 (Reuters) - The Canadian dollar firmedagainst its U.S. counterpart on Monday, recovering ...

Switzerland is considering capital controls to fight a sharp rise in the Swiss franc in the event of a euro-zone collapse. Dow Jones's Katie Martin explains why investors run to it in times of trouble ...

Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a catastrophic rift with international ...

May 28 -OVERVIEW-- We have taken various rating actions based on the application of our U.K. RMBS and 2010counterparty criteria.-- Mortgages No. 6 is a U.K. nonconforming RMBS transaction consisting offirst-ranking ...

JERUSALEM, May 28 (Reuters) - Paz Oil, Israel'slargest distributor of refined oil products, said on Monday ithad extended a deal to supply fuel to the Palestinian Authoritythrough October 2014.The current ...

TORONTO, May 28 (Reuters) - Canadian Labor Minister LisaRaitt will talk about labor dispute at Canadian Pacific RailwayLtd at 1:45 p.m. on Monday (1745 GMT), according to agovernment statement.Talks between ...

MADRID, May 28 (Reuters) - Spain's Prime Minister MarianoRajoy said on Monday he was in favour of modifying euro zonebailout mechanisms to allow direct bank recapitalisations.Asked at a press conference ...

The massacre of more than 100 civilians in Houla, Syria on Friday has put Russia on the defensive as Moscow sought to deflect blame from the regime of President Bashar al Assad, and accused western governments ...

Oil rose to near $92 a barrel Monday as Greek polls suggested pro-austerity parties might win elections next month, raising the likelihood the country will stay in the euro common currency.By early afternoon ...

YANGON, May 28 (Reuters) - India signed a raft of agreementswith Myanmar on Monday in the first visit by an Indian leader in25 years, aimed at shoring up its presence as rival countriesline up to do business ...

Spain will not resort to external rescue funds to clean-up the country's troubled financial system, Spanish Prime Minister Mariano Rajoy reiterated on Monday, adding that nationalized lender Bankia will ...

Concern over troubled Spanish lender Bankia and the government's ability to come up with the €19 billion ($23.8 billion) bailout the bank needs to bolster its defenses sent the nationalized lender's stock ...

MADRID, May 28 (Reuters) - Spain will not resort to externalrescue funds to clean-up the country's troubled financialsystem, Spanish Prime Minister Mariano Rajoy reiterated onMonday, adding that nationalised ...

* ECB repayments indicate increased emergency funding* Reliance on some national central bank cash growingBy Kirsten DonovanLONDON, May 28 (Reuters) - European Central Bank accountsfor the last week are ...

MADRID, May 28 (Reuters) - Spain is studying how best toinject public funds into its troubled banks, Spanish PrimeMinister Mariano Rajoy said on Monday, adding that the countryhas not held talks with the ...

U.K. stocks follow a risk-on trend in European markets on Monday, after weekend polls in Greece put the conservatives in the lead ahead of next month’s election.

China Yongda Automotive has shelved plans for a $433 million initial public offering in Hong Kong. The WSJ's Deborah Kan speaks to WSJ/DJN Asia Deals Editor Nisha Gopalan on what this means for the city's ...

Europe Stocks Edge Higher

A heckler has burst in on former Prime Minister Tony Blair as he testified at a UK inquiry into media ethics at London's Royal Courts of Justice.The heckler gained entrance to the court Monday through ...

MADRID, May 28 (Reuters) - Europe must take decisive actionto quell doubts over the survival of the euro, including a movetowards further monetary and fiscal integration, Spanish PrimeMinister Mariano ...

By Nathan Layne TOKYO, May 28 (Reuters) - The escalating probe into insidertrading at Nomura highlights one of the worst-kept secrets inthe Japan market: for years brokers have fed clientsconfidential ...

European stock markets move higher after polls in Greece indicate the conservatives hold the lead, offering signs of progress toward stabilization in the country, while pressure remains on Spain.

MADRID, May 28 (Reuters) - Spain must continue reducing itsbudget deficit and implementing structural reforms to make itsrecession-hit economy more competitive, Spanish Prime MinisterMariano Rajoy said ...

Russian tycoon Mikhail Fridman on Monday unexpectedly announced his resignation as chief executive of TNK-BP, the Russian venture of British oil company BP.TNK-BP said in a statement that Fridman has submitted ...

SINGAPORE, May 28 (Reuters) - The 6,000 customers of MFGlobal Holdings Ltd's Singapore arm should get well over 90percent of their money back from the collapsed brokerage,although its creditors may have ...

* Euro STOXX 50 up 0.6 pct, Greece's ATG index up 6.2 pct* Markets cheer prospects of pro-bailout win in Greekelection* Risks focus shifts to Spanish banks, IBEX down 0.4 pctBy Toni VorobyovaLONDON, May ...

* Italy papers quote leakers as saying cardinals involved* Crisis worst in Benedict's papacy* Ouster of Vatican bank head reflects badly on secretary ofstateBy Philip Pullella VATICAN CITY, May 28, (Reuters) ...

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riot. The planning, says Dixons chief Sebastian James, ...

SINGAPORE, May 28 (Reuters) - Singapore's financialregulator is proposing to bring in new rules for some popularretail investment products to help safeguard investors if abroker gets into difficulties.The ...

* Companies prepare for civil unrest and switch to drachma* Cut Greek debts, slow investments and credit worthinesschecked* Worries Greek problems may spread to other eurozone areasBy David Jones LONDON, ...

LONDON, May 28 (Reuters) - The British Bankers' Associationreleased the following London Interbank Offered Rates (Libor)for dollars, euro and sterling at its daily fixing.The spread of three-month Libor ...

LONDON, May 28 (Reuters) - The British Bankers' Associationreleased the following London Interbank Offered Rates (Libor)for dollars, euro and sterling at its daily fixing.The spread of three-month Libor ...

SINGAPORE, May 28 (Reuters) - Asian gasoil margins slippedto their lowest in two months as demand in Asia remained muteddespite persistent spot requirements from Vietnam, industrysources said on Monday. ...

The two billionaire Kwok brothers who run Sun Hung Kai Properties and three other men arrested in a bribery scandal involving Asia's biggest developer renewed their bail on Monday as Hong Kong's highest-profile ...

Europe Stocks Rise

Israel Stocks: Cellcom, Bezeq, Partner, Redhill, Azrieli, Hot

* Spanish/German yield spread hits euro-era high 512 bps* Rising Bankia bailout costs weigh, yield hits 6.5 pct* Bunds ease as Greek polls give pro-bailout parties leadBy William James LONDON, May 28 (Reuters) ...

The deepening euro zone crisis is threatening the integration of Eastern European nations into the single currency area, the Chief Economist at the European Bank for Reconstruction and Development (EBRD) ...

Piano Media, the joint web news payment system operating in Slovakia and Slovenia, is preparing to launch in a third, larger market this summer, after recently taking funding for globalisation.

Russian businessman Mikhail Fridman has resigned as chief executive of Russian oil producer TNK-BP, BP's Russian joint venture, heralding a new crisis in BP's relationship with its Russian oligarch partners....

May 28 (Reuters) - Southeast Asian stocks were higher onMonday on a slight easing of fears over Greece after surveysshowed support for pro-bailout political parties ahead of nextmonth's elections. But ...

Myanmar's reformist president has canceled plans to attend an upcoming economic conference in Thailand's capital.Thai Foreign Ministry spokesman Thani Thongphakdi says he's been told that President Thein ...

Capita was among the best performers on a recovering FTSE 100 on Monday, after a broker upgrade spoke of improving trading momentum at the outsourcer.

The International Monetary fund has told Ukraine it must raise gas and heating prices for households if it is to regain access to a $15.6 bailout loan from the fund.The government of President Viktor Yanukovych ...

(The following statement was released by the rating agency)May 28 - Fitch Ratings has affirmed five Taiwanese state banks' Long-Term Foreign-Currency(LTFC) Issuer Default Ratings (IDRs) and Support Rating ...