General Electric Co has seen interest from several banks to buy its stake in Garanti Bank but tough new rules for bank minority stakes might dampen appetite.
The U.S. stock market is trading slightly down in early Friday trading, showing little enthusiasm over the revised Gross Domestic Product (GDP) report.
Lloyds , Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS.
Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS.
Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from rival HBOS, which it bought last year.
Lloyds Banking Group , Britain's largest retail bank, posted a 6.3 billion pounds ($9.66 billion) loss in 2009, as the part-nationalised British bank lost 24 billion pounds on loans that soured, mostly from old HBOS assets.
Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen.
The euro languished near one-year lows against the yen on Friday, while commodities and Asian stocks struggled in tepid trade as worries about Greece and the health of the world economy took hold.
The stock market ended down on Thursday as market participants were reminded of two key issues that hinder the global economic recovery.
Virgin said it will roll out 100 megabit-per-second broadband connections to homes in the UK.
The island of Madeira, hit by deadly flash floods last weekend, remains open to visitors, but walking trails are still being checked for safety.
From moviemaking to architecture, the shamed and banished CEOs of the 2008 credit crisis have opted for some unusual career paths, either by choice or necessity.
A killer whale viciously attacked and killed a trainer at SeaWorld park in Florida on Wednesday, but a marine biologist says the whale probably did it because it was bored as killer whales don't normally kill humans in the wild.
A killer whale viciously attacked and killed a trainer at Sea World park in Orlando, Florida, making it the third time this whale has killed a human in the past decade, yet Sea World has no plans in removing the whale from their show.
After agreeing to pump in 3.5 billion euros ($4.7 billion) to save the troubled Airbus A400M military plane project, the buyer nations have postponed a final deal.
Optimism over Fed Chairman Bernanke's comments on Wednesday faded as global markets sputtered over unsettled Greece woes.
Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
World weather agencies have agreed to band together to improve climate data, officials said on Wednesday, as scientists work to repair recent damage done to the credibility of it's discipline.
The Australian Dollar opens marginally higher today at 0.8920. It was a quiet domestic session yesterday with only a 50 point range between 0.8880 and 0.8930.
Fed Chairman Ben Bernanke was the center focus for global market participants on Wednesday as he testified before the House Financial Services Committee about the state of the U.S. economy and the Fed's monetary policy.
HSBC has this week launched the 2 billion pound ($3.1 billion) sale of its UK rolling stock leasing company as it builds its balance sheet by shedding non-core assets.
Switzerland will ask parliament to turn a deal with Washington that got bank UBS off the hook in a tax evasion case into binding law, plugging a legal hole that is stopping Berne from honoring the agreement.
