BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.

MOSCOW (Reuters) - A Russian court has ordered a new hearing into a $13 billion lawsuit brought against BP by minority shareholders in its Russia's venture, TNK-BP , over a failed deal between BP and Rosneft , a BP lawyer said on Monday.

LISBON (Reuters) - Portugal's budget targets for 2012 are ambitious but it has the capacity to hit them, its international lenders said on Monday, saying the recession-mired country's bailout program was on track despite being undermined by rising unemployment.

STOCKHOLM (Reuters) - Scania Chief Executive Leif Ostling, who will leave the position to join the board of majority-owner Volkswagen , told Reuters on Saturday he expects the European truck market to shrink by about 10 percent this year.

NEW YORK (Reuters) - Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet.

FRANKFURT (Reuters) - ThyssenKrupp has attracted interest from Brazil's Vale and South Korea's Posco for its struggling steel plants in Brazil and the United States, German weekly WirtschaftsWoche reported.

CAIRO (Reuters) - Shareholders of Egyptian investment bank EFG-Hermes voted on Saturday against a group of investors seeking to buy the bank, but the investors will appeal to Egypt's regulator to suspend the decision, the group targeting the bank said.

(Reuters) - AOL Inc, waging a proxy fight with activist hedge fund Starboard Value, said on Saturday its shareholders should approve all eight nominees for its board of directors after an advisory service recommended the approval of only six.

MADRID (Reuters) - Spain, the latest combat zone in Europe's long-running debt wars, urged the euro zone to set up a new fiscal authority to manage the bloc's finances and send a clear signal to markets that the single currency project is irreversible.

NEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister Manmohan Singh summoned journalists on his plane for a briefing.

DUBAI (Reuters) - HSBC Holdings has received formal regulatory approval to merge its business in Oman with local lender Oman International Bank , it said in a statement to the Muscat stock exchange on Sunday.

NEW YORK (Reuters) - Expectations for U.S. corporate earnings are deflating fast as the euro zone crisis deepens and economic data around the world disappoints.