Monday, July 26, 2010

Hollingsworth Daily Post



  • BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the Gulf of Mexico oil spill.Mr Hayward has been widely criticised over the Gulf of Mexico oil spill.

  • Japanese exports rose in June but at a slower pace than in recent months, raising questions about the strength of Japan's economic recovery.Exports climbed 27.7% to 5.87 trillion yen ($67bn; £43.4bn), the Finance Ministry said.

  • Shares in India's Maruti Suzuki, the country's largest carmaker, have sunk more than 10% after it reported a 20% fall in quarterly profits.Shares fell to 1,218 rupees ($26; £17), from Friday's close of 1,358 rupees.

  • Seven of the 91 European banks that underwent stress tests have failed the healthchecks, the Committee of European Banking Supervisors (CEBS) has said.They include five Spanish banks - Diada, Espiga, Banca Civica, Unnim and Cajasur. The other two were Germany's Hypo Real Estate and Greece's ATEbank.The tests assessed banks' ability to survive future economic shocks.

  • Gordon Brown has said he wished his government had spotted the UK's financial crisis earlier, in his first interview since leaving Downing Street.The former prime minister told the BBC's Zeinab Badawi he "wasn't bruised" by losing the election, and that it was the "end of an era" for him.
    And he said it would have made a difference if the banking crisis had been acted upon earlier.
    Mr Brown gave his interview while in Kampala, Uganda's capital.


BBC Business News 26th July 2010

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