Spain Raises $2.6 Billion on Bond Market
Jitters about Spain's financial crisis eased slightly after Madrid raised roughly $2.62 billion from a bond-market sale, although at high interest rates. But there are more worrying signs for the eurozone, including a rise in French unemployment.
Britain's Clinton Cards sold by administrator to American Greetings
LONDON Majority of Britain's Clinton Cards and Birthdays stores have been sold by the administrator to Ohio-based...
Stimulus boost by China's central bank through key rate cut
BEIJING Striving to give faltering the economy a boost, China's central bank Thursday not just cut borrowing cost,...
Europe banking union plans raises concerns in Britain
Britain has welcomed the European Commission move towards setting up a common "banking union" across the eurozone as...
Rating cut by Moody's for 6 German, 3 Austrian banks amid eurozone crisis
Moody's Investors Service has downgraded six banks in Germany and three in Austria amid the escalating economic...
Forecasting Scotch whisky demand growth, Diageo plans 1bn pounds investment
Premium drinks group Diageo is planning over 1billion pounds investment to scale-up its Scotch whisky production over...
Sharp dip in UK business confidence in economic growth
Business confidence in the economy plunged in May as the UK companies strived to come to terms with developments in...
EC plan to stop taxpayers money being used for bailout of banks
Moving a step towards banking union, the European Commission Wednesday unveiled proposals designed to safeguard...
Profit loss announcement drops Qantas shares to all time low
Australian flag carrier Qantas has warned its annual profit will drop by up to 91 per cent, sending its shares to an...
Continuing acquisition spree Etihad buys 3.96 per cent stake in Virgin Australia
The UAE based Etihad Airways has acquired a 3.96 per cent stake in Virgin Australia, the fourth major acquisition in...
