Prime Minister Gordon Brown, aware his chances of re-election may hinge on the economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances.
A major draft EU law on market infrastructure will be tabled next July to make share and derivatives trading less risky for investors and the broader financial system from late 2012, industry sources said on Monday.
Britain's top share index was up 1.7 percent at midday on Monday, fuelled by strength in miners and energy stocks thanks to firmer commodity prices, while improved risk appetite also boosted banks.
Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.
Kraft Foods may raise its offer for Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and n...
A team of unidentified hackers has managed to steal confidential global warming data after breaking into the e-mail server of a prominent, British climate-research center and posted them online - showing that climate scientists conspired to overstate that man has caused climate change. Kevin Trenberth, of the U.S. National Center for Atmospheric Research, in Colorado, told the Associated Press that he believes the hackers did this to fuel skeptics theory that that climate change was not man-ma...
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph newspaper.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
A team of unidentified hackers has managed to steal confidential global warming data after breaking into the e-mail server of a prominent, British climate-research center and posted them online - showing that climate scientists conspired to overstate that man has caused climate change.
Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.
Iran will begin large-scale air defense war games on Sunday to help protect its nuclear facilities against any attack, a senior commander said.
The Afghan government would quickly be overthrown if NATO troops pulled out of the country now, British Foreign Secretary David Miliband said Friday.
Senior officials from six world powers said on Friday they were disappointed Iran had not accepted proposals intended to delay its potential to make nuclear bombs, and urged Tehran to reconsider.
Herman Van Rompuy's appointment as the first European Union president provoked fears in Turkey that he might hinder Ankara's hopes of joining the bloc, with some media declaring outright that he is anti-Turkish.
Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.
Cadbury Plc suitors Ferrero and Hershey Co have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on Friday.
European Union leaders named Belgian Prime Minister Herman Van Rompuy, who is little known outside his own country, as the bloc's first president on Thursday to lead efforts to make it more influential on the world stage.
Europe's biggest carmaker, Volkswagen, will almost double exports from its South African plant in 2010 under a 27 billion rand ($3.59 billion) global contract for right-hand drive models of its new Polo.
Scottish singer Susan Boyle, one of the biggest stars of the Internet age, seeks to turn global celebrity into record sales next week with the release of her debut album I Dreamed a Dream.
Lifeboats and military helicopters rescued hundreds of people overnight in northern England as torrential rain flooded homes and washed away bridges.
