Category
Banking
Retail sales show festive fervour
UK retail sales were better than expected in November as Christmas shoppers began their seasonal flock to the High Street, figures show. The Office fo…
Dutch bank to lay off 2,850 staff
ABN Amro, the Netherlands' largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts - amounting to 3% of the bank's workforce - wil…
Bank opts to leave rates on hold
The Bank of England has left interest rates on hold at 4.75% for a sixth month in a row. The Bank's Monetary Policy Committee (MPC) decided to take no…
US economy still growing says Fed
Most areas of the US saw their economy continue to expand in December and early January, the US Federal Reserve said in its latest Beige Book report. …
Bank voted 8-1 for no rate change
The decision to keep interest rates on hold at 4.75% earlier this month was passed 8-1 by the Bank of England's rate-setting body, minutes have shown.…
Deutsche attacks Yukos case
German investment bank Deutsche Bank has challenged the right of Yukos to claim bankruptcy protection in the US. In a court filing on Tuesday, it said…
Malaysia lifts Islamic bank limit
Malaysia's central bank is to relax restrictions on foreign ownership to encourage Islamic banking. Banks in Malaysia will now be able to sell up to 4…
UK economy facing 'major risks'
The UK manufacturing sector will continue to face "serious challenges" over the next two years, the British Chamber of Commerce (BCC) has said. The gr…