Spain&rsquo;s Repsol, whose YPF unit was nationalised by Argentina this week, agreed in 2008 to buy back the Eskenazi family&rsquo;s shares in that oil company in the event that Repsol loses majority control.

Pact mandates Repsol to buy Eskenazi's YPF stake

Business Standard

A second Goldman Sachs Group Inc (GS) employee is under investigation for passing illegal tips to Galleon Group LLC co-founder Raj Rajaratnam, a lawyer for former Goldman Sachs director Rajat Gupta said in court on Friday.

Galleon chief had 2 Goldman employee tippers: Lawyers

Mexican Finance Minister Jose Antonio Meade said authorities don&rsquo;t have enough information to open an investigation into alleged bribery at Walmart Stores Inc&rsquo;s local subsidiary.

Haven't decided on probe into Walmart bribery case: Mexico

US President Barack Obama is pressing the Congress to freeze interest rates on student loans, putting the spotlight on an issue with appeal to the middle-income and younger voters who are crucial to his re-election strategy. Interest rates on federally-subsidized Stafford loans are scheduled to increase to 6.8 per cent on July 1 from 3.4 per cent. The rate increase would affect about 7.4 million students, according to the White House.

Obama for freezing student loan interest rates 

European governments were warned against relaxing their efforts to end two years of debt turmoil as the International Monetary Fund won more than $430 billion to safeguard the world economy.

Europe urged to quell crisis as IMF wins $430-bn boost

All 127 people on board a Boeing Co 737-200 were killed when the plane operated by Pakistan&rsquo;s Bhoja Air crashed near Islamabad, in the nation&rsquo;s worst air disaster in almost two years.

Plane crash kills 127 near Islamabad

Nestle, the world&rsquo;s biggest food maker, reported first-quarter revenue growth that beat analyst estimates as the Swiss company sold more Nescafe soluble coffee in China and Friskies pet food in North America.

Nestle revenue growth beats street expectations

Palm oil may gain 15 per cent by the end of June, according to Godrej International Ltd&rsquo;s Dorab Mistry, restating a year-long call for a rally to 4,000 ringgit ($1,302) a tonne after prices dipped.

Palm oil prices to rise 15% by June-end: Mistry

Hindustan Zinc Ltd, the country&rsquo;s largest producer of the metal, reported a 20 per cent decline in fourth-quarter profit, as lead and zinc prices fell.

Hindustan Zinc profit falls 20% 

Apple Inc&rsquo;s iPhone 5 is likely to be introduced in October and will feature a new body design and work with faster wireless networks, according to Gene Munster, an analyst at Piper Jaffray Cos who had expected an August release for the top-selling smartphone.

Apple's next iPhone may debut in Oct

Citigroup Inc shareholders have rejected its executive pay plan, a first among the six largest US banks, amid criticism it lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.

Citigroup shareholders reject Pandit's $15-mn pay package

European Union lawmakers are considering rules to protect bank depositors that may stymie two of the main funding sources for the region's lenders.

EU mulls bank rules that may choke funding 

World champion rower Michael Blomquist valued the chance for an Olympics gold medal in London more than an analyst job at Morgan Stanley. He said the decision wasn&rsquo;t easy.

Lure of Olympic gold beats Morgan Stanley for ex-Harvard rower

Asian currencies posted their biggest weekly decline in a month, led by the rupee, as weaker-than-forecast US economic data and Europe&rsquo;s debt crisis damped demand for riskier assets.

Asian currencies post weekly decline on US data, Europe debt

Bank of America Corp, whose home- equity mortgage portfolio exceeds its stock market value, probably will say about $2 billion of junior loans are bad assets tomorrow, even as some borrowers are still paying on time.

BofA faces bad home-equity loans

Barclays Plc Chief Executive Officer Robert Diamond will forgo about 11 per cent of his compensation until the bank improves profitability in a bid to placate investors opposed to his pay package.

Barclays CEO to forgo 11% of pay to appease shareholders

US Treasury Secretary Timothy F Geithner said the global economic recovery is fragile and Europe&rsquo;s effort to prevent the spread of its debt crisis depends on the willingness and ability of the region&rsquo;s leaders to act aggressively and creatively.

Europe must be creative, aggressive in crisis: Geithner

One late afternoon in March 2007, Sanjay Wadhwa sat at his desk transfixed by the data on his computer screen. Wadhwa was then a low-level supervisor in the Wall Street office of the US Securities and Exchange Commission investigating a supposedly routine case of &ldquo;cherry- picking.

Outmanned, outgunned, SEC on a roll

Microsoft Inc should sell its Bing search business to Facebook Inc, a deal worth about $5 billion that would help both companies compete with Google Inc, said Rick Sherlund, an analyst at Nomura Equity Research.

Microsoft should sell Bing unit to Facebook: Nomura

Volkswagen AG&rsquo;s Audi will purchase Italian motorcycle maker Ducati Motor Holding SpA to add luxury two-wheelers ridden by celebrities such as Brad Pitt to the German automaker&rsquo;s portfolio.

Volkswagen's Audi buys Ducati

European banks could be forced to shed $3.8 trillion in assets through 2013 and curb lending if governments fall short of their pledges to stem the sovereign debt crisis or face a shock their firewall can&rsquo;t contain, the International Monetary Fund said.

Bloomberg