LONDON (Reuters) - Many more years of money printing from the world's big four central banks now looks destined to add to the $6 trillion already created since 2008 and may transform the relationship between the once fiercely-independent banks and governments.
BofA expects to save $230 million per quarter on debt
(Reuters) - Bank of America Corp expects to reduce its long-term debt by about $40 billion in the second quarter, eliminating interest expense of $230 million per quarter going forward, Chief Financial Officer Bruce Thompson said.
E.ON says nuclear damages sought total 8 billion euros
FRANKFURT (Reuters) - Damages sought by E.ON AG from the enforced shutdown of nuclear power stations total 8 billion euros ($9.97 billion), a company spokesman said on Wednesday.
WASHINGTON (Reuters) - It has become a familiar choreography for the Federal Reserve: Officials ease monetary policy, and the economy improves. Then conditions weaken, reviving debate about the need for further stimulus.
LONDON (Reuters) - Lonrho on Wednesday said it had sold its aviation business to British investment firm Rubicon allowing it to create Africa-focused low cost airline FastJet with EasyJet founder Stelios Haji-Ioannou's easyGroup.
LONDON (Reuters) - European shares edged up and the euro was flat on Wednesday as worries over contagion from Spain's banking sector were heightened by a sharp rise in the country's borrowing costs.
China second-quarter GDP growth may dip below 7 percent: government adviser
BEIJING (Reuters) - China's annual economic growth could fall below 7 percent in the second quarter if weak activity persists in June, an influential government adviser was quoted on Wednesday as saying.
VIENNA/ROME (Reuters) - Raising the stakes in Europe's debt crisis, Austria's finance minister said Italy may need a financial rescue because of its high borrowing costs, drawing a sharp denial on Tuesday from the Italian prime minister.
SAN FRANCISCO (Reuters) - Apple Inc took the wraps off its own mobile mapping service and improved the search capabilities of its Siri voice assistant, taking the fight into Google Inc's domain.