Business Today: European shares, euro gain as Greek fears ease

Click to View in Browser 05/28/2012 European shares, euro gain as Greek fears ease LONDON (Reuters) - European stocks rose for a third straight session on Monday and the euro bounced back from two-year lows, as Greek polls showing growing support for pro-bailout parties eased speculation about a disorderly exit by Athens from the single currency. RIM's top lawyer joins parade of resignations TORONTO (Reuters) - The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten Heins took over as CEO earlier this year. Woodford whistleblowing case delayed by judge LONDON (Reuters) - The case for unfair dismissal brought by former Olympus CEO Michael Woodford following the uncovering of one of Japan's biggest corporate frauds was delayed on Monday, sparking talk of an out-of-court settlement. Spanish debt costs spiral as crisis deepens MADRID (Reuters) - Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender. U.S. data, Europe woes to set tone NEW YORK (Reuters) - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come. Xstrata committed to Peru despite protest LIMA (Reuters) - Protests at Xstrata's Tintaya copper mine in southern Peru have blocked transport links, but it is operating normally and its port on the Pacific coast has stocks of concentrates for the time being, a company executive said on Monday. Iraq set to auction new oil, gas blocks BAGHDAD (Reuters) - Iraq will auction 12 new oil and gas exploration blocks this week in a fourth energy bidding round, as it seeks the rapid expansion of a sector vital to its economy, but tough contract terms mean Baghdad may struggle to drum up major interest. Spanish debt costs spiral as crisis deepens MADRID (Reuters) - Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender. Court cuts jail sentence of ex-Bank of Italy boss MILAN (Reuters) - An appeals court sentenced former Bank of Italy governor Antonio Fazio to two-and-a-half years in jail on Monday for trying to thwart a foreign takeover of local lender Banca Antonventa in 2005, a scandal that led to his exit from the central bank. Insight: European firms plan for Greek unrest and euro exit LONDON (Reuters) - British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riot. Related Video Tony Blair on Rupert Murdoch, spin and politics Sex trade in Greece cools off Economic News May consumer sentiment highest in more than four years Fed's Plosser warns on discretionary policy decisions A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend