The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit British economy.
The euro and sterling slipped on Thursday ahead of expected rate cuts in Europe and the UK, while most Asian stock markets gave up early gains on disappointment that China did not announce new stimulus plans.
International cable supplier, Eland Cables, achieved the highest ever rank of any electrical cable supplier, taking home the ‘Best Companies to Work for’ in 2009 from The Sunday Times.
EA (Electronics Arts) has three options to come out for Need for Speed this summer. The Need for Speed SHIFT, Need for Speed NITRO and Need for Speed World Online.
eTelecare Global Solutions to acquire Phone House Ltd., a BPO service subsidiary Talk Talk Group Limited, a South African customer care subsidiary by adding about 400 employees to expand its global delivery network.
Purchases by governments and state-backed firms made up a record proportion of global mergers and acquisitions (M&A) in February, underscoring how the financial crisis has sidelined private-sector buyers.
U.S. electronics retailer Best Buy and joint venture partner Carphone Warehouse have postponed the launch of their first UK store until the first quarter of 2010, the Financial Times reported.
Global coordinated action to combat the worldwide financial crisis was not going to happen overnight but would proceed in fits and starts that would eventually result in a more prosperous economy President Barack Obama said on Tuesday ahead of a summit of leaders from the top 20 industrialized nations gathering in London in April.
President Obama said on Tuesday he was absolutely confident that his plans to fix the banking sector would work, saying he expected renewed credit flows, business opportunities, and hiring.
UK Prime Minister Gordon Brown in his first state visit to Washington since the start of the Obama administration met with the President to push a global new deal which would coordinate a worldwide response to the global economic crisis.
The attack on the Sri Lankan cricket team in Lahore deepened a sense of crisis surrounding Pakistan's civilian government as it confronts political turmoil less than a year after it took office, analysts said.
One in three young Britons have been the victims of cyber-bullying with girls the most likely victims, according to research published on Tuesday.
British Prime Minister Gordon Brown will press President Barack Obama for details on his plans to fix the ailing U.S. financial sector in talks on Tuesday that will focus on the global economic crisis.
U.S. President Barack Obama expressed confidence on Tuesday his economic reforms would work as senior officials began lobbying Congress to support the administration's jaw-dropping budget proposal.
Microsoft announced at the CeBIT trade show in Hanover on Monday that it's rolling out its Surface computer to 12 new markets in Europe, the Middle East and Africa.
HSBC launched Britain's biggest rights issue, raising 12.85 billion pounds ($18.1 billion) on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals.
HSBC launched Britain's biggest rights issue on Monday, to raise 12.85 billion pounds ($18.3 billion) to help it overcome big losses in the United States and exploit the woes of weaker rivals.
When it comes to money, women really are more responsible then men, with an international survey finding that they're less likely to get into debt and strive harder to become financially independent.
Britain's leading share index fell 3.6 percent early on Monday, extending the previous session's sharp fall, with HSBC leading banks lower after it offered a deep discount rights issue.
HSBC launched a 12.5 billion pound ($17.7 billion) rights issue on Monday to shore up its balance sheet after annual profit more than halved and as bad debts soared in the United States.
HSBC launched a 12.5 billion pound ($17.7 billion) rights issue on Monday to shore up its balance sheet after annual profit more than halved and as bad debts soared in the United States.
HSBC will be cutting back its US consumer finance operations, the U.K. bank will announce on Monday, according to a report.
