Breaking Europe Business News

The three member states, which voted last month to reject a European Commission proposal to extend the duties for 15 months from early next month, told a working committee on Wednesday they would abstain. Under European Union rules, their abstentions...

The capital restructure of New Zealand's biggest company, dairy giant Fonterra, has taken another step forward with directors announcing details of its future dividend policy, its first retained earnings policy, and a range of share revaluations. The farmer-owned cooperative's fair...

Rusal, the world’s largest aluminum producer, which is struggling under $17 billion in debt, is close to an agreement with about 70 banks to restructure its loans on terms considered favorable to the company and its billionaire owner, bankers said...

Senior bankers such as RBS chief executive Stephen Hester have clauses in their contracts allowing for some of their pay packets to be clawed back if they are felt to have fallen short. But it is understood they have been...

Germany's economy ministry said it had received a summary of General Motors Corp's plan to restructure its German subsidiary Adam Opel GmbH, which also saw its Chief Financial Officer Marco Molinari quit on Wednesday. Meanwhile, Opel named two GM executives...

It received the loans during the credit crisis last year and after the purchase of Merrill Lynch this year. The move would allow Bank of America to free itself from government restrictions on executive pay that were a stipulation of...

That is all I can tell you,' a spokesman was quoted as saying. General Motors said on Tuesday it is giving potential buyers for Saab until the end of December to make their position's known otherwise it would begin winding...