Each day, Business Financial Newswire covers all the major business stories that are pertinent to City professionals, private investors and the wider business community. Following the May Bank Holiday, this is a brief summary of Tuesday's main business headlines from across the major UK newspapers (FT, Times, Telegraph, Guardian, Independent and Express).
Today includes extensive coverage of support of the Greek bailout by the European Union and BP's oil spillage problems following the recent disaster resulting from the fire reported on a Transocean-owned semisubmersible drilling rig named Deepwater Horizon.
FINANCIAL TIMES
- ECB extends financial lifeline to Greece - Central bank suspends requirement for providing liquidity
- Basel regulators weigh cost of reform - Changes could cut world economic growth by up to 1 percentage point
- BP (LON:BP.) under pressure over oil spill costs - US vows to keep its boot on throat of company
- Cost of Goldman debt insurance soars - Bank says it is target of seven legal actions
- World Cup expected to net $1bn in income - Fifa reluctant to call the surplus a profit
- Civil action brought against former Dubai minister - Ex-DIB official sues over alleged $501m fraud
- Carmakers pump up production - Data confirms affirmations that worst of industrys crisis is over
- Lloyds top of league for LBO loans - European market share tripled since 2007
- Lex Column: Japans debt - Few signs of saturation, but debt managers cannot twiddle thumbs indefinitely
- Car rental - Dollar Thriftys shares speed above $50 on news of Hertz takeover
- US beer - With lager lines suffering, the industrys problems run deep
- PE insolvencies - Beware quick conclusions on the benefits of buy-outs
- China tightens - Beijings focus on the reserve requirement ratio is of debatable effectiveness
THE TIMES
- ECB in U-turn to save Greece
- Oil spill is huge rebuke for Americas addiction
- Tribunal rejects financier Jordan Wimmer's £4m harassment claim
- United and Continental confirm $3.2bn merger
- Goldman shareholders pull no punches
- Legal actions against estate agents and surveyors reached record levels last year
- Advent coining it with Poundland sale
- Australia to take 40% of miners profits
- Former PwC partner sues over redundancy
- Staycations offset by slump in business travel
- Essar Energy bound for FTSE 100
- Saudi Arabia delays signing arms contract
- American schoolwork provides lift for Pearson
- One in five Spanish workers is jobless
DAILY TELEGRAPH
- BP (LON:BP.) goes on the offensive as…
