Posts Tagged ‘London’

UK faces defeat over derivatives clearing

Britain braces for defeat over requirements for clearing derivatives since London is alone in opposing the package View full post on UK Business Stories

UBS charges date back to 2008

Kweku Adoboli, who has been charged with fraud over a $2bn loss at the bank, was remanded in custody in London View full post on UK Business Stories

Focus of rioting moves beyond UK capital

Rioting spreads to cities outside the capital while in London 16,000 police guard streets from looters View full post on UK Business Stories

HSBC to “announce more than 10,000 job cuts next week”

LONDON: Global banking giant HSBC will announce next week plans to axe between 10,000 and 15,000 jobs in the coming year as part of a drastic cost-cutting drive, a report said Saturday. View full post on Business Stories

Pressure mounts on LSE

THE London Stock Exchange is under pressure to reassure investors about its future prospects at next week’s annual meeting, following its failure to acquire its Toronto counterpart. View full post on Business Stories

Iceland to repay Britain $3.45 billion debt due to Icesave Bank failure

Iceland will start repaying a $3.45 billion (EUR 2.6 billion) from Britain in 2016. Reykjavik owed the amount to London after the online Icesave Bank failed two years ago. View full post on Banking Stories

British Chamber Of Commerce Forecasts 1.9 Percent Economic Expansion In 2011

AHN News Staff London, England, United Kingdom (AHN) – The British Chamber of Commerce forecast over the weekend a 1.9 percent economic expansion for the country in 2011. It is actually a downgrade from the chamber’s September prediction of a 2.2 percent gross domestic product growth rate. The BCC explained the less rosy outlook to […]

Britain’s Budget Office Forecasts Inflation To Outpace Income Growth

AHN News Staff London, England, United Kingdom (AHN) – Britain’s Office for Budget Responsibility warned Monday that the country’s inflation rate would likely outpace income growth over the next two years. The OBR forecasts 2011 inflation rate at 2.8 percent, while average earnings will rise by only 2.2 percent. The higher Consumer Price Index outlook […]

Share Prices Of British Banks Dip On News Of Call For Irish Election

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – British banks lost a lot of money Tuesday because of the news that the Green party called for a general election in Ireland by end of January. The call for election sparked fears that the government of Prime Minister Brian Cowen might collapse before the $105 […]

Osborne Pledges $10.5 Billion Assistance To Ireland

AHN News Staff Brussels, Belgium (AHN) – Despite Ireland’s insistence that Dublin still has sufficient cash and does not need an international bailout now, British Chancellor George Osborne pledged Wednesday to provide Ireland with $10.5 billion (GBP7 billion) in assistance. Ireland is a part of the United Kingdom, but Britain has other reasons to extend […]