(Updates prices). By John Geddie. LONDON May 5 (Reuters) - Investors shed Greek bonds and stocks on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns.
Investing.com - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
HSBC Holdings Plc, Europe's largest bank, said first-quarter profit rose 4.4 percent, beating analysts' estimates, as revenue at its securities unit rose and bad-loan provisions dwindled.
California's massive swimming pool industry faces a dilemma as the state heads into its summer season and a fourth year of historic drought conditions.
HANOVER, Germany May 5 (Reuters) - Volkswagen aims to quickly find a successor to Ferdinand Piech who quit as chairman week before last, after 13 years in the position, following a damaging public leadership dispute with Chief Executive Martin ...