March 22 Headlines
Cyprus targets big depositors in bank plan
Rosneft closes $55 bln TNK-BP deal
AstraZeneca to cut 5,000 jobs by 2016
StanChart pressured into retreat by US
Hermes sales in China rise 30 pct
HP authorises 10 pct dividend increase
Sarkozy faces probe over donation claims
Scotland sets date for independence vote
Cyprus announced the plans on Thursday to overhaul its banking
system and levy on big depositors as EU lawmakers threatened to
withdraw crucial support if the government failed to agree on
the terms of a bailout.
Russian state oil company Rosneft closed its deal to
buy TNK-BP for $55 billion to become a bigger oil
producer than Exxon Mobil.
AstraZeneca will shed around a tenth of its workforce by
2016 in an effort to return the struggling drugmaker to growth.
Standard Chartered bowed to pressure from the U.S.
regulators and retracted its statement regarding the bank's
breaches on Iran sanctions.
Hermes International, the maker of silk scarves and
Birkin bags, went on the offensive against its larger luxury
goods rival LVMH to trim down stake in the company.
Hewlett-Packard Co raised its quarterly dividend by 10
percent, amid shareholder displeasure over the company's $11
billion acquisition of British software firm Autonomy Plc.
Former French President Nicolas Sarkozy was placed under formal
investigation on Thursday in a 2007 party funding case involving
L'Oreal heiress Liliane Bettencourt.
Scotland will hold an independence referendum next year to
decide if its five million people should end a 300-year-old
union and leave the United Kingdom.