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Updated: 23 hours 38 min ago

Russia would lose $160 billion a year from $45 oil - central bank

Tue, 03/02/2015 - 17:45
MOSCOW (Reuters) - Russia would lose some $160 billion (106 billion pounds) over a year if oil prices averaged $45 per barrel, Central Bank Governor Elvira Nabiullina said on Tuesday.

FTSE bolstered as BP rises

Tue, 03/02/2015 - 17:16
LONDON (Reuters) - FTSE rose towards a 4-1/2 month high on Tuesday, boosted by energy stocks as BP's results beat earnings expectations.

UK regulator says new runway will require more compensation

Tue, 03/02/2015 - 16:50
LONDON (Reuters) - Britain's aviation regulator said on Tuesday the much-needed expansion of the country's airport capacity would require higher compensation payouts to communities affected by new runways.

Big banks face $500 billion 'bail in' bonds bill - S&P

Tue, 03/02/2015 - 16:32
LONDON (Reuters) - The world's 30 biggest banks will have to issue more than $500 billion (330 billion pounds) in bonds to comply with proposed global rules aimed at shielding taxpayers from the risk of future banking failures, credit rating agency Standard & Poor's (S&P) said on Tuesday.

Target picks former Tesco executive McNamara as new CIO

Tue, 03/02/2015 - 16:21
(Reuters) - U.S. retailer Target Corp on Tuesday named Mike McNamara, a former executive at British retailer Tesco PLC , its new chief information officer.

Insurers must use quantitative easing wisely to gird for correction - watchdog

Tue, 03/02/2015 - 16:10
FRANKFURT (Reuters) - European insurers must use the time gained through the European Central Bank's quantitative easing (QE) to prepare for an inevitable market correction, the EU's insurance watchdog said on Tuesday.

EU capital market reforms won't unleash wave of new rules - Hill

Tue, 03/02/2015 - 14:50
LONDON (Reuters) - European Union plans to make markets better at raising cash for companies won't spawn a wave of legislation, the bloc's financial services chief said on Tuesday.