June 27 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Cost of HS2 undercuts spending review
Walmart suffers setback in India with executive's departure
BA launches first hybrid bond
Repsol rejects Argentina settlement over seizure of YPF
'King of oil' who became target for US
BP accused of intimidating spill claimants
Finance Minister George Osborne's pledge of pumping in
billions to overhaul Britain's infrastructure was undercut on
Wednesday after the budget for the high-speed rail line project
jumped by 8 billion pounds.
Wal-Mart Stores Inc, grappling with allegations of
wrongdoing and investment restrictions in the promising but
restrictive India market, said on Wednesday its country head,
Raj Jain, had left the company.
British Airways launched a $927 million asset-backed bond on
Wednesday, the first from a UK airline using new planes as
collateral, to finance the purchase of 14 new aircraft,
including six Boeing Dreamliners.
The board of Spanish oil major Repsol said it
unanimously rejected a non-cash compensation offer worth $5
billion from Argentina over the expropriation of its majority
stake in energy firm YPF, raising prospects worsening
relations between its management and some of its biggest
Billionaire Marc Rich, who founded international commodities
conglomerate Glencore and was pardoned by President Bill Clinton
over tax evasion, racketeering and busting sanctions with Iran,
died on Wednesday in Switzerland aged 78.
BP has been accused of using "hollow intimidation
tactics" by lawyers representing claimants seeking compensation
for the 2010 Deepwater Horizon disaster.