PRESS DIGEST - Financial Times - March 8
March 8 (Reuters) - Headlines
Goldman exposed to $20 bln loss in a crisis
ECB sticks to its monetary guns
Aviva triggers insurance investor rethink
Barclays chief wants 30 pct staff reduction
BP warns of higher settlement costs
Nokia halves chief's pay
Ten executives leave Bumi Resources
Federal Reserve stress tests showed Goldman Sachs as being one of the weaker financial institutions on Wall Street.
The European Central Bank said it would maintain an easy monetary policy stance as long as needed.
Pension funds are re-evaluating the size of their investments in the insurance sector after Aviva's move to cut its dividend 44 percent.
Barclays CEO Antony Jenkins has told investors that he wants to find a way for the bank to operate with as few as 100,000 staff.
BP warned that the cost of its court settlement with businesses and individuals affected by the 2010 Gulf of Mexico oil spill would significantly exceed $7.7 billion.
Nokia has cut its Chief Executive's annual pay package by half.
Ten executives have resigned from coal miner Bumi Resources' board in a possible bid to separate the Bakrie family-linked company from London-listed parent Bumi Plc .
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Wildfire rips through 150 homes in Northern California
- Polls show Scottish opponents of independence with slight lead ahead of vote |
- Fed could hint on rate-hike plans as it prepares for policy turn
- iPhone comes out of a 'bygone era', reviewers hail bigger handset