Business Today: European shares test two-year highs, yen volatile before BOJ

	Click to View in Browser 01/21/2013 European shares test two-year highs, yen volatile before BOJ LONDON (Reuters) - European shares inched towards two-year highs on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for shares. Dreamliner probe widens after excess battery voltage ruled out WASHINGTON (Reuters) - U.S. safety investigators on Sunday ruled out excess voltage as the cause of a battery fire this month on a Boeing Co 787 Dreamliner jet operated by Japan Airlines Co (JAL) and said they were expanding the probe to look at the battery's charger and the jet's auxiliary power unit. RIM shares rise to 13-month high on strategic review hopes TORONTO (Reuters) - Shares of Research In Motion surged to a 13-month high on Monday after its chief executive said the company may consider strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system. New York banker Gordian Group to advise Hostess' bakery union NEW YORK (Reuters) - The union and pension fund for Hostess Brands Inc has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' benefits at the bankrupt maker of Twinkies snack cakes as Hostess negotiates with buyers. Analysis: Asia's junk bond rally near exhaustion SINGAPORE/HONG KONG (Reuters) - Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge. Dutch finance minister confirmed as new head of Eurogroup BRUSSELS (Reuters) - Dutch Finance Minister Jeroen Dijsselbloem was confirmed by his euro zone peers as president of the Eurogroup on Monday, a senior euro zone official said. House Republicans seek vote to extend debt limit to May 19 WASHINGTON (Reuters) - Republican leaders in the House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, but the bill does not specify a dollar amount. ECB's Weidmann says bond buy conditions problematic: paper FRANKFURT (Reuters) - The European Central Bank's demand for governments to reform their economies as a condition for the ECB buying their debt could compromise central bank independence, governing council member Jens Weidmann was quoted as saying on Monday. UK regulator says changes afoot for "too complex" bank rules LONDON (Reuters) - Bank capital rules coming into force this month are too complex and efforts to simplify them are already underway, a senior Bank of England official said on Monday. Spain's bankers to strike as job cuts loom MADRID (Reuters) - Workers at three of Spain's bailed-out banks will stage strikes in coming weeks as they fight mass layoffs, unions said on Monday, spreading industrial unrest to a sector where walkouts have so far been rare. Related Video Obama urges end to political name-calling as second term starts Vote leaves Merkel down by not out Economic News Fed missed warning signs in 2007 as crisis gained steam Republicans seek three-month debt limit increase, Senate budget 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