British aerospace and defence group Rolls-Royce said it had passed information to Britain's Serious Fraud Office relating to concerns about bribery and corruption involving its intermediaries overseas. Rolls, the world's second-largest maker of aircraft engines behind U.S. group General Electric, said on Thursday this followed a request for information from the SFO about allegations of
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The search for seven crew missing after a cargo ship sank in the North Sea will resume on Thursday morning, the Dutch coastguard said. Four died and 13 were rescued after the Baltic Ace, a car carrier sailing under a Bahamas flag, collided with the Corvus J, a Cyprus-flag container ship, on Wednesday evening about
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Japan's conservative Liberal Democratic Party (LDP) looks on course to win a surprisingly solid majority in a Dec. 16 parliamentary election, media polls showed on Thursday, returning to power with a hawkish former premier at the helm. Former Prime Minister Shinzo Abe, who heads the LDP and would likely return to the top job if
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Germany's cabinet agreed on Thursday to send Patriot missiles and soldiers to Turkey to defend it against a possible Syrian missile attack after NATO agreed to the request from Ankara on Tuesday, a cabinet source told Reuters. NATO member Turkey has repeatedly scrambled jets along the countries' frontier and has responded in kind when shells
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Asian shares paused after hitting 16-month highs earlier on Thursday thanks to buying from investors reassured by U.S. President Barack Obama saying a deal to avert the so-called fiscal cliff was possible in "about a week" if Republicans compromise on taxes. Markets have held out hopes of an agreement on ways to cut the fiscal
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The future chairman of the Eurogroup, the influential committee of euro zone finance ministers, does not have to be one of the ministers, a spokeswoman for the German finance ministry said on Wednesday, correcting a statement she made earlier. "That's no longer the case," the spokeswoman said, adding that the provision had been changed in
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Greek banks will decide on Friday whether to take part in a bond buyback that is crucial for the country's debt sustainability, two banking sources told Reuters on Wednesday. Greek banks' participation is key for the success of the plan, under which Athens aims to spend 10 billion euros of borrowed money to buy back
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Much has been written over the past year about the risks of a two-speed Europe in which the 17 euro zone countries move ahead more rapidly than the rest of the European Union. Such a divergence, the conventional wisdom goes, could mark the beginning of an unravelling of nearly 60 years of post-war European integration
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The euro will probably hold its value against the dollar over the next month after rallying over the last few weeks, but a persistently weak euro zone economy will put it under pressure next year, a Reuters poll showed. The euro hit a seven-week high of $1.3127 against the dollar on Wednesday, boosted by efforts
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The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Samsung SDI a total of 1.47 billion euros ($1.92 billion) for running two cartels for nearly a decade. The Commission said executives from the European and Asian companies met until six years ago to
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