Financial Times: HSBC reveals 24,000 clients hit by data theft HSBC has revealed that a former employee stole the personal details of around 24,000 clients of its private bankin Switzerland in a major security breach three years ago. Financial Times: Jitters over economy curtail risk appetite Global Markets Overview: Equities mark time as inflation data from China reawaken fears over monetary tightening Financial Times: Greek unions stage 24-hour strike Public transport and services shut down across Athens as Greece’s three biggest trade unions staged a 24-hour strike to protest against the socialist government’s latest package of pay cuts and tax increases Financial Times: Old Mutual puts US life business up for sale Insurer confirms it is exploring a sale of its US life assurance arm, adding that it also envisages an initial public offering of shares in its US asset management business Yahoo!: Greece hit by strikes over austerity plan (AP) AP - Protesters clashed with riot police as more than 10,000 people marched through central Athens Thursday during a nationwide general strike against the governments harsh new austerity measures. Yahoo!: BMW 2009 net income falls 36 pct to $286 million (AP) AP - German carmaker BMW AG says its 2009 net income fell 36 percent to euro210 million ($286 million) because of lower demand for its cars during the economic downturn as well as a higher tax rate. Yahoo!: FTSE 100 opens lower (AFP) AFP - Leading shares opened lower on Thursday as investors awaited key US economic data later this week. Yahoo!: U.S. warns EU of rift over fund regulation: report (Reuters) Reuters - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported. Financial Times: China data spur talk of further tightening Pressure on Beijing to begin raising interest rates and to allow the renminbi to appreciate against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before Financial Times: BP in talks to buy Devon assets for $6bn BP is set to make its first move into the deep waters off the coast of Brazil, one of the world’s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets put up for sale by Devon Energy of the US 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found 404 Not Found

Financial Times - Europe World business, finance and political news from the Financial Times– FT.com Europe. View source archive --> Search this source --> ·BP strikes $7bn Brazil oil deal The energy group is set to make its first move into the deep waters off the South American country with a $7bn deal to buy oil and gas assets put up for sale by Devon Energy of the US ·HSBC reveals 24,000 clients hit by data theft HSBC has revealed that a former employee stole the personal details of around 24,000 clients of its private bankin Switzerland in a major security breach three years ago. ·China data spur talk of further tightening Pressure on Beijing to begin raising interest rates and to allow the renminbi to appreciate against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before ·Jitters over economy curtail risk appetite Global Markets Overview: Equities mark time as inflation data from China reawaken fears over monetary tightening ·Call for ban on CDS speculation Germany and France have called on the European Union to consider banning speculative trading in credit default swaps and set up a compulsory register of derivatives trading ·Greek unions stage 24-hour strike Public transport and services shut down across Athens as Greece’s three biggest trade unions staged a 24-hour strike to protest against the socialist government’s latest package of pay cuts and tax increases ·Pandit sees revival of Citi’s fortunes Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes ·Geithner warns of rift over regulation Tim Geithner, US Treasury secretary, has delivered a blunt warning to the European Commission that its plans to regulate the hedge fund and private equity industries could cause a transatlantic rift by discriminating against US groups ·Old Mutual puts US life business up for sale Insurer confirms it is exploring a sale of its US life assurance arm, adding that it also envisages an initial public offering of shares in its US asset management business ·Ex-Cazenove partner guilty of inside deals A jury convicted Malcolm Calvert on five counts of insider dealing relating to three stocks, but he was acquitted on seven other counts

Yahoo! News: Business - European Economy Yahoo! News: Business - European Economy View source archive --> Search this source --> ·Greece hit by strikes over austerity plan (AP) AP - Protesters clashed with riot police as more than 10,000 people marched through central Athens Thursday during a nationwide general strike against the governments harsh new austerity measures. ·BMW 2009 net income falls 36 pct to $286 million (AP) AP - German carmaker BMW AG says its 2009 net income fell 36 percent to euro210 million ($286 million) because of lower demand for its cars during the economic downturn as well as a higher tax rate. ·FTSE 100 opens lower (AFP) AFP - Leading shares opened lower on Thursday as investors awaited key US economic data later this week. ·U.S. warns EU of rift over fund regulation: report (Reuters) Reuters - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported. ·Britain confronts debt of Greek proportions (AP) AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting. ·Euro rebounds, gains on dollar (AFP) AFP - The euro staged a modest turnaround against the dollar Wednesday in featureless trading as dealers looked for signals on prospects for the world economy and a proposed European monetary fund. ·FTSE 100 shares edge higher (AFP) AFP - Leading shares closed higher on Wednesday in cautious trading as market players digested the latest batch of company results and awaited key US economic data later this week. ·UKs Brown paves way for election with budget date (AP) AP - Britains economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the governments budget would be published in two weeks. ·Turkey, IMF end loan talks (AP) AP - Turkey says it and the International Monetary Fund have mutually agreed to call off talks for a loan. ·Portugal sells $1.34 billion worth of bonds (AP) AP - Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the governments austerity plan is easing market concerns about the countrys ability to pay off its high debts.

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