Friday, August 1, 2014
British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness, the Bank of England (BOE) announced on Wednesday.
Thursday, July 31, 2014
The head of the International Monetary Fund, Christine Lagarde, said Tuesday that Ukraine may need more international aid if its crisis with the pro-Russia separatist rebellion is prolonged.
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Canadian smartphone maker BlackBerry announced Tuesday the purchase of German voice and data encryption and anti-eavesdropping firm Secusmart, whose customers include NATO and German Chancellor Angela Merkel and her government.
Tuesday, July 29, 2014
Britain's Lloyds Banking Group is to pay 218 million pounds (US$370 million, 276 million euros) in fines to British and U.S. regulators for attempting to rig inter-bank lending rates, the bank said Monday.
Fracking will be allowed in British national parks in “exceptional circumstances,” according to government guidelines announced on Monday as new bidding for exploration licenses opens.
Sunday, July 27, 2014
Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to shore up the banking sector.
Moody's on Friday raised the debt rating of Portugal one notch to Ba1 and said it had a stable outlook, despite troubles at a major banking group.
Saturday, July 26, 2014
British satellite television group BSkyB said on Friday it had agreed multi-billion-dollar deals with Rupert Murdoch's media empire 21st Century Fox to create a pan-European pay-TV giant.
Friday, July 25, 2014
The unemployment rate in Spain fell sharply in the second quarter slipping beneath 25.0-percent, official data showed on Thursday in a further sign that the country is pulling away from deep economic crisis.