HomeYahoo Business News – United Kingdom, Italy, Japan, US Federal ReserveBusinessYahoo Business News – United Kingdom, Italy, Japan, US Federal Reserve

Yahoo Business News – United Kingdom, Italy, Japan, US Federal Reserve

State-backed UK banks gain approval for capital plans
State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares.

Trial for captain in deadly shipwreck in Italy
An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel’s shipwreck off the coast of Tuscany, which killed 32 people.

Japan’s trade deficit hits $8.6 billion in April
Japan reports its trade deficit widened to a larger-than-expected 879.9 billion yen or $8.6 billion in April as its weakening currency accentuated surging import costs.

Fed officials dampen speculation of imminent bond tapering
Two senior Federal Reserve officials played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back its ultra-easy policy.



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