London Business News

Thirty global financial institutions have been selected for cross-border supervision exercises by regulators, the Financial Times reported on Monday. Compiled under the guidance of the Financial Stability Board (FSB), an international body of regulators and central bankers, the list is...

The danger lies in what the emirate’s woes have done to confidence in world markets, and what they have revealed about the reality of some of the Gulf state’s finances after a decade of excessive borrowing. The spectre of sovereign...

Dubai said last week that it would delay payment on debt issued by Dubai World and property developer Nakheel, igniting fears over sovereign debt defaults and sending global markets sharply lower. Dubai World and Nakheel have outstanding debt of $59...

S future economic growth will hinge on companies' uncertain ability to shift to a more export-led economy, a leading economists' group says. Club had said Scotland's growth as it emerges from recession was likely to lag behind the rest of...

In an ominous sign of an approaching "double dip" recession, and a bitter blow to hopes that the British economy might be about to stage a vigorous recovery, the CBI's latest survey of service-sector confidence suggests firms saw an unexpected...

Iain Banks has joined MPs and church leaders in accusing the government of failing to push banks to adopt ethical investments. In a letter to the Chancellor, the group said the Treasury had not used influence gained through last year's...

A culture of austerity has descended upon us and the recession has transformed us into savvy shoppers with a keen eye for a bargain and a nous for spotting value. That, at least, is the received wisdom — but an...

Obama’s loony “Science Czar”, John Holdren Others like the U.S. “Climate Czar” Carol Browner have announced their faith in the disputed data, but Browner, who served as EPA Director in the Clinton administration has never shown any interest in honest...

TThe dollar, which was low yielding since last many months, rose against most major currencies after Dubai’s attempt to holdup debt. This situation stimulated investors to sell higher-yielding assets backed by the currency. The yen declined against the dollar after...

Stocks tumbled for second day on Friday due to Dubai’s debt issue. Dubai’s shock demand to suspend the debt of a key state company. The Dow Jones industrial average fell 193 points, after closing Wednesday at a 13-month high. The...