BERLIN - GERMAN banks face further losses running into the billions of euros as only a quarter of their toxic assets have been written off, a report said on Saturday.
PARIS- EXECUTIVES at the helm of French bank BNP Paribas have agreed to forgo their 2008 bonuses following conditions President Nicolas Sarkozy set for state aid this week, an official said Saturday.
HYDERABAD - AN INDIAN court on Saturday gave police the right to question fraud-hit Satyam's founder over his admission that he inflated the outsourcing giant's balance sheet by over a billion dollars.
LONDON - GLOBAL accountancy firm KPMG has asked its 11,000 British staff if they would switch to a four-day week or take a long break to help avoid redundancies in the recession, a spokesman said on Saturday.
