 Europe slump to hit China growth, warns IMFNEW YORK - The IMF has warned of lower growth in China in view of the economic slump in Europe, and cut its forecast for the world's second largest economy this year to 8.25 per cent from 9 per cent... | |
 Lloyds Banking Group restructuring plans to cull 900 more jobsLondon - Part-nationalised Lloyds Banking Group Tuesday announced plans to cut 900 jobs as part of wider plans unveiled last year to cull 15,000 posts across the company.
The banking group,... |
 JAL says first Dreamliner delivery will be delayedTOKYO - Japan Airlines (JAL) said Tuesday that delivery of first Dreamliner aircraft originally expected by February end would be delayed as Boeing was removing a technical glitch in some of the... |
 As Greece mulls a proposed crunch, unions strike in protest ATHENS - Unions in Greece went on strike against austerity measures Tuesday as Prime Minister Lucas Papademos tried hard to persuade leaders of his coalition government to accept the tough bailout... |
 Glencore, Xstrata sign giant $90 bn mergerNEW YORK Mining giant Xstrata and Glencore, the world's biggest commodity trader, have announced a $90 billion all-share merger to create the world's fourth largest natural resources company.... |
| Citigroup becomes first global bank to flood China with credit cards Citigroup (c) is set to become the first global bank to issue its own credit cards in China.
The financial giant said that Chinese banking regulators have given the company the go-ahead to begin... |
| Apple's iPhone business alone now bigger than whole of Microsoft Apple's iPhone business alone is now bigger than the whole of Microsoft, recent revenue figures have revealed.
The tech giant's popular smartphone division generated 24.4 billion dollars of revenue... |
 China gives Citigroup the nod to offer credit card in ChinaNEW YORK - Citigroup's Chinese subsidiary has been granted permission to offer its credit cards in China, becoming the first US based bank and the second foreign bank to receive the nod.
Currently... |
 Bristol pound to be launched on May 21BRISTOL - Hundreds of traders and business establishments have signed up for Bristol's own currency to be launched May 21, with the backing of the Bristol Credit Union, a bank run as a... |
 Greece to continue bailout talksATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for... |
 No EU carbon tax, vows ChinaBEIJING - China's Monday asked its airlines not to pay a charge on carbon emissions imposed by the European Union (EU).
The authorities also asked the airlines not to hike freight or add other... |
| Wall Street futures lower as Greek wait continues Dow Jones industrial futures are down 33 points to 12,743. The broader S&P 500 futures are down 5 points to 1,334. The Nasdaq composite fell 5 points to... |
| Regulators collude in lawbreaking by Wall Street banks The US Securities and Exchange Commission (SEC), the main federal regulator of banks and financial firms, routinely grants major Wall Street banks waivers from legal penalties as part of cash... |
| 1,000 more jobs go at Lloyds Bank Lloyds Banking Group is to axe almost 1,000 jobs and close three offices in a "devastating" blow to workers, one of the staff unions has said. Accord said sites in Romford, Newcastle upon... |
| Coca-Cola Income Drops in Fourth Quarter ATLANTA | Coca-Cola Co.’s fourth-quarter net income dropped 71 percent, weighed down by restructuring charges and a difficult comparison with last year’s fourth quarter, when the beverage... |
| Coca-Cola profit drops, but results top forecasts A visitor drinks a bottle of Coca-Cola during a media tour at PT Coca-Cola Amatil Indonesia's factory in Cibitung, Indonesia's West Java province in this February 24, 2011 file... |
| Wal-Mart Canada unveils plan to take on rivals Wal-Mart Canada, which already operates 333 stores in the country, plans to add 4.6 million square feet of retail space to its operations in the next one year, the company said in a statement on... |
| Menards agrees to pay minority store employees $1 million to settle discrimination claim EAU CLAIRE, Wis. - The Menards home improvement chain has agreed to settle a race discrimination case for $1 million. A Chicago arbitrator recently approved the settlement which compensates hundreds... |
| Citigroup to launch credit cards in China Citigroup said it has won permission to issue credit cards in China, a first for a foreign bank amid complaints regulators largely shut out overseas competitors from tapping the massive market. The... |
| Coca-Cola adjusted 4Q results beat Street FILE - In this Aug. 8, 2011 file photo, cases of Coca-Cola are seen on a counter at a local store in West Bath, Maine, in this photo illustration. Coca-Cola Co.'s fourth-quarter net income... |
| ArcelorMittal reports USD1.71b earnings in Q4 (MENAFN) Luxemburg-based ArcelorMittal posted the lowest quarterly profits in two years as slowing economies in China and Europe sapped demand for steel, leading to lower prices, Bloomberg... |
| Currencies: Dollar turns down; Greek debt deal seen near NEW YORK (MarketWatch) -- The U.S. dollar turned down against the euro on Tuesday following reports that Greek government officials were putting together a detailed final document on a loan deal with... |
| Bond Report: Treasurys turn down ahead of U.S. debt auction NEW YORK (MarketWatch) -- Treasury prices turned down on Tuesday, pushing yields higher, ahead of the U.S. government's sale of 3-year notes in the first of three major debt sales scheduled for... |
| Indications: Stock futures edge lower; eyes remain on Greece NEW YORK (MarketWatch) -- U.S. stock futures fell Tuesday as investors watched Greece's ongoing debt saga, the latest round of corporate results and looked to testimony by Federal Reserve... |
| Movers & Shakers: Tuesday’s biggest gaining & declining stocks NEW YORK (MarketWatch) -- Shares of the following companies were among those making notable moves ahead of Tuesday's U.S. stock-market... |
| Before the Bell: Greece, Glencore/Xstrata, Bernanke European stock markets mostly edge lower, as investors focus on a major merger deal announced in the resources sector, while Greece gets back to austerity... |
| Lloyds to axe 990 jobs Lloyds Banking Group announced 990 job cuts on Tuesday, which the part-nationalised British bank said formed part of last year's broader plans to axe 15,000 jobs across the... |
| Almost 1,000 more jobs to go at Lloyds bank Accord said sites in Romford, Newcastle upon Tyne and Scunthorpe will close, with the loss of almost 1,000 posts. The union said more than 30,000 jobs had now been lost over the past three years at... |
| GlaxoSmithKline shares edge lower as fourth quarter figures prove slight disappointment 's results are out and they seem to have slightly disappointed the market.The pharmaceuticals group said fourth quarter turnover was down 3% at 6.98bn with earnings per share before... |
| 888 records best ever quarter as consumers gamble on casino and poker games had its highest ever three monthly revenues in the fourth quarter, boosted by its casino and poker businesses.With cash strapped consumers staying at home, the company's games are attracting... |
| Greek impasse raise fears of 'Grexit' Citigroup's Willem Buiter has coined the term 'Grexit' as his bank raises the likelihood of a Greek exit from the eurozone. Photograph: Martin Argles for the... |
| Mothercare hires Jools Oliver to design range of children's clothes .Jools Oliver is to design a range of children's clothes, bedding and accessories, for the struggling retailer, with the products due to launch in the UK and abroad in August.Mothercare chairman... |
| Big Switch campaign targets cheaper energy bills All pylon: the bigger the group, the stronger the bargaining power for cheaper gas and electricity bills, says Which?. Photograph: Darren... |
| Swaledale cheesemaker is found dead Swaledale Cheese Company with her husband David from 1987 and continued as managing director after his death aged 46 from a heart attack in 2005. The firm's distinctive cheeses have won many... |
| Why we need more banker bashing | Sunny Hundal I have a confession to make: I wanted to be a banker once. While arming myself with a degree in economics, I dreamed of working at an investment bank arranging mergers and acquisitions. The growing... |
| Tesco trials new packaging to reduce food waste waste .It will become the first retailer to see how the packaging performs in prolonging the freshness of tomatoes and avocados - produce that triggers the highest wastage in the food industry. Tesco... |
| TalkTalk loses another 50,000 customers TalkTalk has reported a fifth consecutive quarter of customer defections, with 50,000 lost in the three months to the end of December as the company continues to trail larger... |
| Glencore merger: Xstrata shareholders vow to oppose deal o Standard Life: 'Deal undervalues Xstrata'o Schroders: 'Not compelling'o $90bn tie-up offers 28% premium to Xstrata shareso Xstrata executives offered top jobs in new... |
| Coinstar Takes On Netflix, Shares Soar After Earnings (NYSE: VZ) to begin streaming media online. Whether or not this is a game-changer for Netflix remains to be seen. As of Monday’s close, shares of both Netflix and Coinstar were moving strongly... |
| Earnings And Greece Feed Anxiety As Stocks Open Lower Greece . European finance ministers are pushing for another round of deep austerity cuts in return for the newest round of bailout money, and the Greeks are none too pleased about it. As we have seen... |
| Increase of 6.5% in new Irish private cars licensed in January 2012 See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Markets: UBS reports plunge in 2011 profit: BP reports profit surge; Santander adds €2.3bn to provisions; Toyota's 9-month profit dips; Glencore to buy Xstrata Markets: UBS reports plunge in 2011 profit: BP reports profit surge; Santander adds EUR2.3bn to provisions; Toyota's 9-month profit dips; Glencore to buy Xstrata By Finfacts Team Feb 7, 2012 -... |
| Forty States Sign On to Foreclosure ‘Robo’ Settlement After more than a year of negotiations, attorneys general from more than 40 states signed on to a proposed settlement agreement with five of the nation's largest mortgage servicers over... |
| Coca-Cola Earnings Top Estimates; Shares Climb ] added 62 cents to $68.65 in Tuesday pre-market trading. Coca-Cola, whose brands include Sprite and Minute Maid, earned $1.65 billion, or 72 cents per share, for the period ended Dec. 31.... |
| Watchdogs to Drag Shadow Banks Into the Light Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger the next chapter in the... |
| Facebook Governance a Concern for Pension Fund Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest US... |
| Is Inflation Stickier Than Central Banks Admit? Chris Watling, CEO of Longview Economics, told CNBC, "our view is that inflation is much stickier than the central banks would like to admit and so we are clearly going to get some easing in... |
| New SEC Rules for Money-Market Funds: Report (Reuters) - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on... |
