LONDON - British-based emerging markets bank Standard Chartered said on Wednesday that it did not expect material charges arising from the Dubai debt crisis -- and forecast record profits this year. With regard to recent developments in the Unit
LONDON - The Bank of England is expected to keep interest rates at a record low level and maintain its credit-easing plans on Thursday after holding its last monetary policy meeting of 2009, analysts said. The bank's nine-member monetary policy com
A one-off tax on bankers' bonuses is expected to form the centrepiece of Alistair Darling's pre-Budget report - the last before the general election.The chancellor is under pressure to explain how he will meet his pledge to halve the deficit over fo
Nomura has no plans to renew controversial guaranteed bonuses for former Lehman Brothers staff who joined the Japanese bank last year, according to a senior executive.Minoru Shinohara, chief executive of Nomura’s non-Japanese Asian operations, also
Barack Obama unveiled plans on Tuesday to divert some of the $200bn (€136bn) in lower than expected spending on troubled bank assets to boosting job creation, in what amounted to a second fiscal stimulus.But the US president, who said his proposals
Hans Vestberg, Ericsson’s incoming chief executive, on Tuesday signalled his determination to bear down further on costs at the largest mobile network equipment maker.The Swedish group announced plans to cut 950 jobs in its home country in a move th
STOCKHOLM - Swedish telecom giant Ericsson said Tuesday it would cut 946 jobs in Sweden in an effort to downsize its production staff as it strives to improve efficiency. The lay-offs come less than two months after the company reported worse-than-
Eight million may finally be enough. That's the approximate number of jobs lost since the recession began at the end of 2007. The latest government data show that after 23 straight months of job losses, the unemployment rate has finally stopped risi
online 24