| | ECB, abandoning tradition, commits to record low rates | FRANKFURT (Reuters) - The European Central Bank broke with precedent by declaring it would keep interest rates at record lows for an extended period and may yet cut further, responding to turbulence caused by the U.S. Federal Reserve's exit plan from money-printing. | | | | | | Portugal PM says found formula for government stability | LISBON (Reuters) - Portugal's prime minister has found a way to maintain government stability with the junior partner in the ruling coalition, but the full details still need to be agreed to end a political crisis that has threatened Lisbon's adjustment under a bailout. | | | | Rolls-Royce says U.S. lawsuit 'without merit' | LONDON (Reuters) - British aero engine maker Rolls-Royce Holdings Plc said it was confident a lawsuit brought against it by two former employees would be found to be without merit. | | | | | | Batista exit from MPX begins breakup of EBX empire | SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian billionaire Eike Batista's EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt. | | | | | | Ex-trader Kerviel rebuffed by Paris employment tribunal | PARIS (Reuters) - A Paris employment tribunal on Thursday rejected former Societe Generale trader Jerome Kerviel's plea for a new expert inquiry to help overturn his dismissal in France's biggest-ever trading scandal in 2008. | | | | ICAP executive seen linked to LIBOR scandal: Wall Street Journal | LONDON (Reuters) - A senior executive at British brokerage firm ICAP PLC knew of an arrangement with UBS AG that U.S. and British regulators allege was part of a scheme to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar with the matter. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |