Federal Reserve chairman Alan Greenspan has warned that allowing huge US budget deficits to continue could have “severe” consequences. Speaking…
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SA unveils ‘more for all’ budget
The South African government has put tax cuts and increased social spending at the centre of its latest budget. Aiming…
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Brazil approves bankruptcy reform
A major reform of Brazil’s bankruptcy laws has been approved by the country’s Congress, in a move which it is…
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Banker loses sexism claim
A former executive at the London offices of Merrill Lynch has lost her £7.5m ($14.6m) sex discrimination case against the…
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UK economy ends year with spurt
The UK economy grew by an estimated 3.1% in 2004 after accelerating in the last quarter of the year, says…
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Bank holds interest rate at 4.75%
The Bank of England has left interest rates on hold again at 4.75%, in a widely-predicted move. Rates went up…
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UK homes hit £3.3 trillion total
The value of the UK’s housing stock reached the £3.3 trillion mark in 2004 – triple the value 10 years…
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Building giant in asbestos payout
Australian building products group James Hardie has agreed to pay $1.1bn (£568m) to victims of asbestos-related diseases. The landmark deal…
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House prices rebound says Halifax
UK house prices increased by 1.1% in December, the first monthly rise since September, the Halifax has said. The UK’s…
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Winn-Dixie files for bankruptcy
US supermarket group Winn-Dixie has filed for bankruptcy protection after succumbing to stiff competition in a market dominated by Wal-Mart.…
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