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Business NewsBarclays appoints Diamond as chief executive (Reuters)Reuters - British bank Barclays has appointed Bob Diamond, the head of its investment and wealth management business Barclays Capital, as its new group chief executive to replace current head John Varley next year.
Justice department probes Google's ITA Software deal: report (Reuters)Reuters - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.
Strong yuan would hurt China: economists (Reuters)Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
Oil operations in Gulf unaffected by storm (Reuters)Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations.
Fiat to name Toyota executive to head sales: report (Reuters)Reuters - Italian car maker Fiat SpA will hire Toyota Motor Europe's (7203.T) Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.
Basel committee seeks 9 percent Tier 1 capital: report (Reuters)Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called conservation buffer, German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.
EU finmins want budget rule offenders rapped swiftly (Reuters)Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.
Sri Lanka to offer more oil exploration blocks (Reuters)Reuters - Sri Lanka on Monday said it would offer new oil exploration blocks in an area off the northern coast where the initial flare-up of a quarter-century war with the Tamil Tiger separatists ended the hunt for oil.
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