IBT Staff Reporter

British bank Lloyds is to strip five current and former senior bankers of more than 1 million pounds in bonuses over their role in the mis-selling of payment protection insurance , the Daily Telegraph reported on Monday.

Feb 19, 2012

Japan logged a record trade deficit in January, government data showed on Monday, the clearest evidence to date of pain from a firm yen, a global slowdown and rising fuel imports needed to offset declining use of nuclear power.

Feb 19, 2012

Japan posted its biggest ever trade deficit in January, topping the previous record seen during the financial crisis in 2009, Ministry of Finance data showed Monday, underlining concerns that a persistent trade gap may undermine the country's ability to finance its debt.

Feb 19, 2012

BRIC countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.

Feb 19, 2012

BRIC countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.

Feb 19, 2012

U.S. Treasury Secretary Tim Geithner said on Sunday the United States would encourage the International Monetary Fund to support an agreement on Greek economic reforms that had been agreed to by Greek leaders.

Feb 19, 2012

If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs.

Feb 19, 2012

The isosceles theorem put forward by the Greek mathematician Euclid became a test in medieval times of one's ability to master more difficult matters. Greece this week faces such a test.

Feb 19, 2012

The European Central Bank would support the euro zone boosting its firewall by combining what remains in its temporary bailout facility with its permanent fund, ECB board member Joerg Asmussen was cited as saying by a German business daily.

Feb 19, 2012

Wynn Resorts Ltd upped the ante in the fight between its billionaire founder Steve Wynn and his former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper payments and forcibly buying back his 20 percent stake in Wynn's casino company at a discount.

Feb 19, 2012

Chinese-Malaysian oil firm Petrodar, the main oil operator in South Sudan, denied on Sunday it had helped Sudan seize any southern oil, after Juba accused Chinese firms of cooperating with Khartoum in a row between the two countries.

Feb 19, 2012

Bahraini bankers expressed relief on Sunday that the February 14 anniversary of last year's democracy uprising passed without major disruptions but said lenders needed to see more infrastructure projects in the Gulf bank and tourism hub.

Feb 19, 2012

Wynn Resorts Ltd said it had discovered that board member Kazuo Okada made improper payments to foreign gaming regulators and the company forcibly bought back the Japanese gaming mogul's 20 percent stake in Wynn.

Feb 19, 2012

This week's revelations that Google Inc, Twitter and other popular Internet companies have been taking liberties with customer data have prompted criticism from privacy advocates and lawmakers, along with apologies from the companies.

Feb 19, 2012

Bahraini bankers expressed relief on Sunday that the February 14 anniversary of last year's democracy uprising passed without major disruptions but said lenders needed to see more infrastructure projects in the Gulf bank and tourism hub.

Feb 19, 2012

If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs.

Feb 19, 2012

If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs.

Feb 19, 2012

Wynn Resorts Ltd upped the ante in the fight between its billionaire founder Steve Wynn and his former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper payments and forcibly buying back his 20 percent stake in Wynn's casino company at a discount.

Feb 19, 2012

Riot police shielded Greece's national parliament on Sunday as demonstrators protested against austerity measures on the eve of talks in Brussels on a 130-billion-euro ($171 billion) bailout needed to avert bankruptcy.

Feb 19, 2012

Spending on information technology fell 13 percent in Egypt last year after the fall of former president Hosni Mubarak and will be flat for 2012 as a political void stalls government investment in the sector, IDC said on Sunday.

Feb 19, 2012

Spending on information technology fell 13 percent in Egypt last year after the fall of former president Hosni Mubarak and will be flat for 2012 as a political void stalls government investment in the sector, IDC said on Sunday.

Feb 19, 2012

Japanese prosecutors are considering indicting the Olympus Corp. as a company for falsifying its financial reports to conceal huge investment losses in a $1.7 billion scandal, the Kyodo news agency reported on Sunday, quoting investigative sources.

Feb 19, 2012

Riot police shielded Greece's national parliament Sunday as demonstrators gathered to protest against austerity measures on the eve of talks in Brussels on a 130 billion euro ($171 billion) bailout needed for the country to avert bankruptcy. (See Eurozone Crisis in Graphics and Interactive Timeline.)

Feb 19, 2012

China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth.

Feb 19, 2012

Profits of Chinese banks reached a record high of 1.04 trillion yuan ($165.10 billion) in 2011, marking an increase of 15.8 percent from 2010, China's banking regulator said.

Feb 19, 2012

It would make no sense to split the second bailout programme for Greece, German Finance Minister Wolfgang Schaeuble was quoted as saying by the weekly Tagesspiegel am Sonntag.

Feb 18, 2012

Greece's cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro ($171 billion) rescue package, raising the chances of a deal next week to avert a chaotic default on its debt.

Feb 18, 2012

Iceland's Financial Surveillance Authority said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki.

Feb 18, 2012

A fire on Friday caused by a leaking pipe flange may temporarily idle production at BP Plc's 225,000 barrel per day Cherry Point refinery in Washington state, West Coast refined products trade sources said on Saturday.

Feb 18, 2012