UNITED KINGDOM

UK throws new lifeline in bid to steady Northern Rock

IBTimes Logo
Britain threw a fresh lifeline to Northern Rock on Tuesday, offering to guarantee new retail deposits and extend funding arrangements in a bid to win the bank time to salvage something from its battered business.
IBTimes Logo

Speculators fuel risks for commodity brokers

Huge amounts of investment money pouring into commodity markets is increasing the risks for brokers, leaving the market more vulnerable to volatility, the chief executive of brokerage firm Sucden told Reuters.
More news
IBTimes Logo

Asian stocks hit lifetime peaks as dollar sags

Asian stocks outside of Japan hit record highs on Monday, but the dollar headed lower after a solid U.S. jobs report failed to dampen expectations for a further cut in interest rates. European markets were also expected to rise. European stock markets were set to open slightly higher, extending five straight days of gains, but with Japanese markets closed and no major economic data expected out of the United States due to the Columbus Day holiday, trade was expected to be light.
IBTimes Logo

Barclays Bank confident of independent future

Britain's Barclays is confident of an independent future, its chief executive said on Friday, dismissing speculation that its failure to win control of ABN AMRO could leave it vulnerable to takeover.
IBTimes Logo

Global stocks hold near record highs after ECB decision

World stocks held just below this week's record high on Thursday while the euro was steady as investors bet the worst of the credit crisis is over and looked to the European Central Bank chief for clues on monetary policy.
IBTimes Logo

O2 UK digs deep for iPhone advertising splash

Spanish-owned O2 UK and U.S. consumer electronics group Apple plan to launch a multi-million pound joint advertising campaign later this month as they get ready to bring iPhone mobile phones to Britain.
IBTimes Logo

Spam-scam crackdown nets $2 billion in fake checks

An international crackdown on Internet financial scams this year has yielded more than $2.1 billion in seized fake checks and 77 arrests in the Netherlands, Nigeria and Canada, U.S. and other authorities said on Wednesday.
IBTimes Logo

Bear Stearns to cut 310 mortgage jobs

Bear Stearns Cos said on Wednesday it was cutting 310 jobs in its mortgage lending business, making the Wall Street bank the latest to lay off staff as a result of the lingering subprime mortgage crisis.
IBTimes Logo

JC Flowers, Cerberus eyeing Northern Rock: sources

Northern Rock's advisers are in talks with U.S. buyout firm JC Flowers over a rescue bid for the stricken UK mortgage bank, as U.S. firm Cerberus also considers a move, sources familiar with the matter said.
IBTimes Logo

Osborne Lays out new Tax Policy

Today in the UK, on the first day of the Conservative Party Conference in the seaside town of Blackpool, the Shadow chancellor George Osborne will be laying out some of his tax policies to his party and potential voters.
IBTimes Logo

IBM inks contract for UK county joint venture

IBM said on Monday that it will set up a joint venture company that will run services for two counties in South West England, handling areas from computer systems to human resources, procurement and finance.
IBTimes Logo

BBC buys Lonely Planet to expand online content

BBC Worldwide, the commercial arm of the British Broadcasting Corp, bought Lonely Planet in a deal that values the travel publisher at about 100 million pounds ($203 million), a person familiar with the talks said.
IBTimes Logo

World powers seek to narrow differences on Iran

The world's major powers will try to narrow their differences on tougher sanctions against Iran when they meet on Friday in New York, seeking to keep up pressure on Tehran to curb its nuclear program.
IBTimes Logo

Lead sets record high, copper firm on weak dollar

Renewed concerns over tight supplies and expectations of strong demand in the last quarter of the year sent lead prices to a record high on Thursday, while copper rose to a two-month high on a weak dollar.
IBTimes Logo

Russia wants to delay Iran sanctions, France

Russia is unlikely to support new U.N. sanctions against Iran over its nuclear program until after the U.N. atomic watchdog's latest study of Iran's activities, which may not be completed until December, the French foreign minister said on Thursday.
IBTimes Logo

Workers putting too little into pensions

Employees are contributing too little to defined-contribution work pension schemes to support themselves well in retirement, according to a survey by consulting firm Mercer.
IBTimes Logo

BA ditches Boeing jumbo for Airbus A380

British Airways ended decades of loyalty to Boeing's 747 jumbo with a switch to Airbus's new A380 superjumbo on Thursday as it announced a mixed plane order worth up to $8.2 billion.
IBTimes Logo

U.S to continue pushing for sanctions on Iran

The United States rejected on Wednesday Iran's claim that its nuclear program is a "closed" matter and said it would keep pushing for fresh U.N. Security Council sanctions that are resisted by China and Russia.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.