Five EU countries, including Germany, are seeking regulatory approval to extend state guarantee schemes launched last year to help the crisishit financial sector, the European Commission said on Monday.
Read Original Story

Ahead of the Global Investors Meet to be held on June 3 and 4, the Karnataka government is flooded with investment proposals from cement, steel and IT majors, reports CNBCTV18’s Vineetha Athrey.
Read Original Story

European Central Bank disclosed increased purchases of euro zone government bonds on Monday as Spain assured investors it would reform its rigid labour market even if employers and trade unions cannot agree.
Read Original Story

The Swiss government failed to act swiftly to prevent a credit and tax crisis that had endangered banking giant UBS AG in 20082009 and could have sunk the Swiss economy, a parliamentary report said on Monday.
Read Original Story

European equities closed higher on Monday, led by shares of German exporters, but a downgrade of Spain\’s credit rating weighed on Madridlisted stocks, with Banco Santander and BBVA losing ground.
Read Original Story

Apple Inc said it sold 2 million iPads since launching the touchscreen tablet in the United States nearly two months ago and taking it to nine international markets this past weekend.
Read Original Story

Canada recovery zooms, rate hike widely expected
Read Original Story

Novo Nordisk, the world\’s biggest diabetes care firm, has pulled some of its insulin drugs off the Greek market in response to an Athens order for drugmakers to slash their prices, saying it fears such cuts could spread to larger markets.
Read Original Story