Russian oil output driven to fresh high
Rosneft and Gazprom lead production increases from Soviet era fields to secure Russia place alongside Saudi Arabia in league of crude oil output FT.com – European companies…
UBS embraces more modest ambitions
The Libor issue added impetus to UBS dropping its long-standing plan to become a global full-service investment banking powerhouse FT.com – European companies…
Shell faces crucial Arctic test
Royal Dutch Shell is gearing up for a key test of its Arctic equipment this month as the oil major’s plans to drill off Alaska suffer fresh setbacks FT.com –…
French car slowdown to drag into 2013
New sales hit 15-year low as Peugeot and Renault struggle and the industry association warns of little or no improvement this year FT.com – European companies…
German residential investment set to slow
Property investment volumes are expected to decline in 2013 after a post-financial crisis peak in 2012 as investors searched for haven assets FT.com – European companies…
Shell drill ship grounded off Alaska
The Kulluk, which was being towed south to Seattle after drilling in the Beaufort Sea, ran aground on Sitkalidak Island in the Gulf of Alaska FT.com – European companies…
Lease accounting change worries Europe
National standard-setters in the UK and Germany fear that the cost and complexity of proposed global reforms will outweigh benefits FT.com – European companies…
Norway sheds light on ‘dark’ beer market
Carlsberg fights back to record three consecutive quarters of rising market share in Russia, where its brand leads, as it prepares for advertising ban FT.com – European companies…
Ex-Iceland bank chief convicted of fraud
The trial marks the start of prosecutions against bankers after the collapse of large lenders forced the nation into an international bailout FT.com – European companies…
Bond issuance by banks hits a 10-year low
With just a day to go until the end of the year, global debt issuance by banks stands at $ 1.26tn – the lowest since 2002 – according to figures…
