UNITED KINGDOM

IBTimes Logo

UK gives impetus to global banks tax

Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

Britain gives impetus to global tax on banks

IBTimes Logo
World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

UK gives ground on global tax on banks

IBTimes Logo
World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.
More news
IBTimes Logo

GM Europe chief Forster to leave company: sources

The head of General Motors' European business, Carl-Peter Forster, is leaving the company after the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters.
IBTimes Logo

Former WorldPay boss keen to buy RBS WorldPay

A founder of part of payments processing business RBS WorldPay is interested in buying all of the business back from Royal Bank of Scotland after the UK bank was told to sell it by European competition authorities.
IBTimes Logo

GM Europe chief Forster to leave company -sources

The head of General Motors' European business, Carl-Peter Forster, is leaving the company following the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters.
IBTimes Logo

Iran tested advanced nuclear warhead - report

The U.N. nuclear watchdog has asked Iran to explain evidence suggesting the Islamic Republic's scientists have experimented with an advanced nuclear warhead design, the Guardian reported in its Friday edition.
IBTimes Logo

Banks help FTSE gain 0.2% ahead of U.S. jobs data

Britain's leading share index was up 0.2 percent approaching midday on Friday with a rally by banks offsetting weakness in oil majors in thin trade as investors await the key U.S. October jobs report.
IBTimes Logo

G20 to stay the course on economic stimulus

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.
IBTimes Logo

Stock futures tick higher ahead of payrolls data

U.S. stock index futures were slightly higher on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.
IBTimes Logo

Calpers knew in 2003 about forex trading hits: report

California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.
IBTimes Logo

G20 finmins to pledge stimulus stays, look at growth

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.
IBTimes Logo

Stocks, commods gain ground, payrolls eyed

Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.
IBTimes Logo

Stock futures mixed ahead of payroll figures

U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m. EST.
IBTimes Logo

RBS's Q3 loss halves but more bad debts to come

Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.
IBTimes Logo

UK's Mandelson says GM decision benefits taxpayers

U.S. carmaker General Motors' decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter Mandelson said on Thursday.
IBTimes Logo

Asia stocks, oil advance before U.S. job numbers

Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
IBTimes Logo

Guitar Hero brings higher revenue for Activision

Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest Guitar Hero offering.
IBTimes Logo

GM readies Opel plan, workers strike

General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
IBTimes Logo

Daily Forecast - 06/11/2009

The Australian Dollar opens at US91 cents after yesterday's release of September trade data hinted that official interest rates may need to be increased for third consecutive month in December. The trade deficit was smaller than expected at A$1.849 billion, however imports were up 5 per cent suggesting that domestic demand remains robust. During overnight trade the Aussie moved between a low of 0.9030 and a high of 0.9122 after central banks in Europe and the United Kingdom left their benchmark ...

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.