NEW YORK (Reuters) - Former Goldman Sachs Group Inc board member Rajat Gupta, on trial over insider trading charges, has decided not to take the risk of testifying in his own defense, two days after his lawyer said it was "highly likely" he would take the stand.
Reuters
Spain bank deal may not work, bolder reforms needed: Stiglitz
NEW YORK (Reuters) - Europe's plan to lend money to Spain to heal some of its banks may not work because the government and the country's lenders will in effect be propping each other up, Nobel Prize-winning economist Joseph Stiglitz said.
IATA: profit forecast for global airlines at $3 billion
BEIJING (Reuters) - Global airlines braced on Monday for Europe's debt crisis to worsen during the year, warning it would wipe out the benefit to the industry of cheaper fuel prices.
Global shares, euro jump as EU aids Spanish banks
TOKYO (Reuters) - Shares, commodities and the battered euro jumped on Monday after euro zone finance ministers agreed to lend Spain up to $125 billion to shore up its struggling banks, relieving markets that had feared a fiscal collapse in the country.
