Morning in brief: Royal Dutch Shell makes £994m bid for Cove Energy

Asian stocks make only modest gains while the euro pulls back from the highs of recent weeks as doubts about the long-term future of Greece’s second bailout plague investors, according to Reuters.

British multinational bank HSBC prepares to sell new shares to fund the non-deferred element of bonuses worth more than £50,000 after agreeing the structure with the Financial Services Authority, the Telegraph reports.

Oil giant Royal Dutch Shell makes an offer to buy African explorer Cove Energy for £994m, according to Bloomberg. Cove’s board says it expects to accept the offer.

The Confederation of British Industry calls on the government to use “targeted and modest” tax cuts to offer a £500m boost to businesses in its March 21 Budget, the BBC says.