8211; A top Bank of England official put the world’s $87 trillion asset-management industry on alert on Friday, saying it posed some of the same “too big to fail” risks that…
The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country’s growing number of rich clients, to cope with costly new regulations.
The U.S labor market emerged surprisingly strong from the severe winter, with employers hiring at a brisk pace and the jobless rate holding near a five.
The microblogging service Weibo, often described as China’s version of Twitter, will raise at least $340 million in its US stock offering, an updated filing showed Friday.
Switzerland’s Holcim and French rival Lafarge confirmed Friday that there are holding talks to merge and create the world’s largest cement company.
The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.
McDonald’s announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S fast food chain’s outlets in Russia to be shut.
French telecom group Bouygues stepped up its bid to buy mobile phone operator SFR from Vivendi on Friday, launching a new phase in a huge fight over market positions in France.
The European Parliament endorsed a sweeping package of EU telecommunications reforms, including a much.
8211; The U.S. trade deficit unexpectedly widened in February as exports hit a five-month low, suggesting first-quarter growth could be much weaker than initially anticipated. Still, the economy is on track to regain…
The European Parliament on Thursday voted to exempt international flights from paying for their carbon emissions following intense pressure from national governments not to extend current rules beyond domestic air travel.
A tax break used by big companies to avoid U.S corporate income tax on capital transfers between offshore units, known as the look.
The Indian government has appointed R Gandhi as deputy governor of the Reserve Bank of India for three years, effective April 3, the central bank said on Thursday.
Premier Li Keqiang said the necessary policies were in place BEIJING, (Reuters) – Activity in China’s services industry rose to a four-month high in March, a private survey showed on Thursday, even as persistent…
Samsung Chairman Lee Kun-Hee: No link to court case SEOUL, 2014 (AFP) – South Korea’s Samsung Electronics said Thursday its chairman Lee Kun-Hee had no link “whatsoever” to a case that has led India’s…
Microsoft on Wednesday took on Apple’s Siri and Google Now with a smartphone personal assistant dubbed “Cortana.”
The European Central Bank is not expected to cut its key interest rates on Thursday, even though inflation in the euro area slowed sharply last month, analysts said.
Britain’s Marks & Spencer plans to grow its international profits by 40 percent over the next three years by expanding its number of overseas stores by more than a half.
Trading on Singapore Exchange Ltd’s derivatives market, one of Asia’s major trading venues for equity and commodity contracts, was suspended for over three hours on Tuesday due to technical problems.
U.S manufacturing activity slowed in March after nearing a four-year high in February, but the rate of growth and the pace of hiring remained strong, an industry report showed on Tuesday.
OPEC’s oil output fell in March to its lowest since December, a Reuters survey found on Tuesday, as Iraq’s oil revival suffered a setback and outages cut output in African producers.
The European Union will make a swift payment of financial aid to Ukraine, the European Union’s economy chief said on Tuesday, dismissing the possibility of economic sanctions against Russia unless it takes more action.
8211; U.S. construction spending barely rose in February as outlays on private residential construction projects recorded their biggest decline in seven months, a sign that severe weather continues to hobble the…
Eurozone inflation fell to 0.5 percent in March, official data showed on Monday, the lowest rate since the financial crisis, stoking fears the bloc could be heading for a damaging cycle of deflation.
Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine.
U.S conglomerate General Electric is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros ($2.
Dubai World, the conglomerate at the centre of the emirate’s debt crisis, has the means to make its first big repayment on time next year and expects to pay off more of its debt ahead of schedule, a top executive said.