The dollar regained some lost ground against most major currencies on Wednesday after South Korea and Japan denied they were…
Read More
Lloyd’s of London head chides FSA
The head of Lloyd’s of London, the insurance market, has criticised Britain’s financial watchdog, the Financial Services Authority (FSA). In…
Read More
Yukos drops banks from court bid
Russian oil company Yukos has dropped the threat of legal action against five banks it had accused of involvement in…
Read More
EMI shares hit by profit warning
Shares in music giant EMI have sunk by more than 16% after the firm issued a profit warning following disappointing…
Read More
BMW reveals new models pipeline
BMW is preparing to enter the market for car-style people carriers, the firm’s chief has told BBC News. Speaking at…
Read More
Metlife buys up Citigroup insurer
US banking giant Citigroup has sold its Travelers Life & Annuity insurance arm to Metlife for $11.5bn (£6.1bn). The sale…
Read More
India widens access to telecoms
India has raised the limit for foreign direct investment in telecoms companies from 49% to 74%. Communications Minister Dayanidhi Maran…
Read More
Slowdown hits US factory growth
US industrial production increased for the 21st month in a row in February, but at a slower pace than in…
Read More
Tsunami cost hits Jakarta shares
The stock market in Jakarta has seen its biggest slide in a month, after the country doubled the likely cost…
Read More
Wembley firm won’t make a profit
Shares in Multiplex Group, which is building the new Wembley stadium, fell as much as 19% after it said it…
Read More
