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Greek borrowing costs shot up on Monday despite Athens making a €750m debt payment to the IMF, reports The Times. The yield on a Greek two-year bond yield jumped 83 basis points to 21.34% with some still concerned that the nation will default.Advisory firm Pirc has told Lloyds shareholders to vote against a "highly excessive" £11.5m pay package for chief executive António Horta-Osório ahead of the bank's AGM on Thursday, The Guardian said.Royal Dutch Shell has secured conditional approval from US regulators for its multi-year exploration plan to drill in the Arctic seas north of Alaska, reports the Financial Times.According to The Telegraph, RBS and Nomura both made false statements when they sold mortgage-backed securities to Fannie Mae and Freddie Mac, a judge has ruled. The companies could be forced to pay nearly half a billion dollars in damages.Cushman & Wakefield has been sold by Italy's Agnellis to DTZ for $2bn, creating one the biggest real estate services groups in the world, writes The Times.Barclays, Morgan Stanley and Deutsche Bank have all warned investors that recent rallies in oil and industrial commodities have "run far ahead of economic reality", writes The Telegraph. The warning raises concurs of a fresh drop in prices over the coming months.Tesco has replaced auditor PricewaterhouseCoopers with Deloitte, ending its 32-year relationship with the former following the damaging accounting scandal, according to The Guardian.The death toll related to a faulty ignition switch on older General Motors vehicles has reached 100, reports The Wall Street Journal.