News
DIC dismisses talk of assets fire sale
Dubai International Capital, a heavily-indebted investment arm of the emirate’s ruler, promises to keep its five majority-owned companies in Europe for at least two more yearsread full article
Scene set for G20 battle over fiscal strategy
Heading in to the meeting in Canada, the scene appears set for a battle over fiscal strategy between the US and most of the rest of the G20read full article
Gillard calls truce with Australian miners
Ms Gillard said she had suspended the government’s A$38m (US$33m) advertising campaign explaining the tax. In turn, the miners said they would drop their own promotional drive against the governmentread full article
UK banks warned that debt threatens recovery
The UK’s economic recovery is at risk if the nation’s banks do not move swiftly to raise the £750bn-£800bn needed to refinance their borrowings due by the end of 2012, the Bank of England warns on Fridayread full article
AIG chiefs at odds over failed sale of AIA
The rift between the two senior executives has triggered concerns within the board and among officials in the US government, the controlling shareholder, who fear one of the two men might leave less than a year after their appointmentread full article
Banks win battle for limits to Basel III
International banking regulators are moving to pare back their recommendations on how to ensure the industry’s financial strength, following months of wranglingread full article
BA advertises for cheaper cabin crew
British Airways is to hire more than 1,000 cabin crew for its Heathrow base on drastically reduced pay and conditions in a move set to sour relations further with its present flight attendantsread full article
Divide emerges as companies tackle debt
There is likely to be more, not less, pressure on banks in the coming years as Basel reforms biteread full article
US banks and funds to face $19bn levy
Banks and hedge funds will be hit with a $19bn fee to pay costs associated with financial reform, said Barney Frank, chairman of the US House financial services committeeread full article
Fears force immigration cap rethink
Theresa May, home secretary, will next week launch a consultation on the migration plan, with a promise to reflect the concerns of the City, industry and cabinet colleagues in drawing up the final schemeread full article
More Articles...
- Tucker touted by investors for Prudential return
- BP poised to double oil spill collection
- Merkel spells out €80bn spending cuts
- Fears over global economy hit sentiment
- Macquarie faces top-level exodus
- Marsh & McLennan sells Kroll for $1.13bn
- Walsh claims BA strikes are failing
- Former employees sentenced over Bhopal leak
- Cuts will affect ‘everyone’ says Cameron
- Markets focus on health of manufacturing
- Probe into Unilever’s Sara Lee bid extended
- BP shares plunge after failure to plug well
- UK manufacturing recovery continues to strengthen
- AIG and Pru fail to agree Asian deal
- Ryanair to pay dividend after record turnround
