Tens Of Thousands Protest Spending Cuts In Spain
Tens of thousands of protesters gathered Saturday in central Madrid for a rally against sharp cuts in public spending, a day after Spain's finance minister suggested that new belt-tightening steps are imminent, The Wall Street Journal reported.
Baffinland Gets Greenlight for Mary River Iron Project
The Nunavut Impact Review Board has granted Baffinland Iron Mines Corp. the greenlight to proceed with its multibillion-dollar Mary River iron-ore mine project, ending the Toronto mining company's four-year effort to seek approval for the one of the largest mining developments planned in Canada.
Indian Oil to Raise Jet Fuel Prices from Sunday
India's state-run fuel retailers will raise jet fuel prices, effective Sunday, following an increase in benchmark international prices, the Indian Oil Corp. (530965.BY) website showed Saturday.
Fiat Faces Growing Calls to Come Clean On Plans for Italy
Fiat SpA (F.MI, FIATY) faced a political storm Saturday as two government officials joined in a growing chorus of calls for the automaker to explain whether or not it plans to follow through on an ambitious plan to spend billions of euros to revamp factories in Italy.
EU's Single Bank Supervisor Plan Runs into Trouble
NICOSIA, Cyprus--Europe's plan for a new single bank supervisor hit its first major road block Saturday, with a number of countries saying that a proposed Jan. 1 2013 launch date left too little time to resolve key issues thrown up by the plan.
EU Barnier: Banking Supervisor Timetable Is Ambitious, Difficult
Getting a single banking supervisor for all euro-zone banks under the European Central Bank up and running during 2013 is an ambitious plan, the European Union financial-services head Michel Barnier admitted Saturday, while also conceding that his proposal for the new agency had to be negotiated to
Sanofi to Cut 1,500-2,000 Jobs in France - Report
French pharmaceutical giant Sanofi SA (SAN.FR, SNY) will disclose cuts of between 1,500 and 2,000 jobs in France on Sept. 25, French newspaper Le Figaro reported Saturday, without citing sources.