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 and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented demand for safe-haven assets. 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. 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. RIM mulls licensing out software: CEO in paper FRANKFURT (Reuters) - Research in Motion will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper. 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. France lifts doubt over Dutchman as new Eurogroup head PARIS (Reuters) - French Finance Minister Pierre Moscovici said on Sunday that he expected Dutch counterpart Jeroen Dijsselbloem to be appointed Eurogroup chief, suggesting Paris had bowed to the inevitable despite reservations about him. Credit Agricole eyes up to 200 million euros in cuts: source PARIS (Reuters) - Credit Agricole is working on a cost-cutting plan of 150 million to 200 million euros ($199 million to $266 million) through 2015 at its corporate and investment banking unit, a union source said. Asian tycoons near final battle in war for Singapore's F&N SINGAPORE (Reuters) - Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. Analysis: China upturn underscores need to rebalance economy BEIJING (Reuters) - China's recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to the economy's increasingly urgent need to rebalance - investment and property. Nokia Siemens Networks to tap markets for 700 million euros: FT LONDON (Reuters) - Nokia Siemens Networks (NSN) is planning to raise as much as 700 million euros ($930 million) from public markets in the spring to pay down debt and fund investment, the Financial Times said on its website on Sunday, citing people familiar with the plan. Related Video Market Pulse: FTSE on fire despite UK's big freeze Breakingviews: Heathrow needs decisive capacity fix 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