UK retail sales were better than expected in November as Christmas shoppers began their seasonal flock to the High Street,…
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Dutch bank to lay off 2,850 staff
ABN Amro, the Netherlands’ largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts –…
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Bank opts to leave rates on hold
The Bank of England has left interest rates on hold at 4.75% for a sixth month in a row. The…
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US economy still growing says Fed
Most areas of the US saw their economy continue to expand in December and early January, the US Federal Reserve…
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Bank voted 8-1 for no rate change
The decision to keep interest rates on hold at 4.75% earlier this month was passed 8-1 by the Bank of…
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Deutsche attacks Yukos case
German investment bank Deutsche Bank has challenged the right of Yukos to claim bankruptcy protection in the US. In a…
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Malaysia lifts Islamic bank limit
Malaysia’s central bank is to relax restrictions on foreign ownership to encourage Islamic banking. Banks in Malaysia will now be…
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UK economy facing ‘major risks’
The UK manufacturing sector will continue to face “serious challenges” over the next two years, the British Chamber of Commerce…
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UK house prices dip in November
UK house prices dipped slightly in November, the Office of the Deputy Prime Minister (ODPM) has said. The average house…
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German business confidence slides
German business confidence fell in February knocking hopes of a speedy recovery in Europe’s largest economy. Munich-based research institute Ifo…
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