Eurozone officials have spent the last four years building a financial buffer big enough to cope with a Greek exit.
Lord Grabiner, the barrister who has led an investigation into the foreign exchange rate rigging scandal, said the $5.3tn-a-day forex market needs to be regulated – but not too much, or the City could lose business to Frankfurt or New York.
Britain is home to more than 10,000 “ultra-high net worth individuals” – that is, people with assets of £20m or more – with only the US and Germany having higher numbers, finds a new report.
Clutching a lunchtime orange juice and sandwich in Zurich’s central station, nurse Nelly Studer captured the fears gnawing at Switzerland since the drama in the foreign exchange markets last Thursday when the Swiss franc jumped 30% in value against the euro.
Unilever, as chief executive Paul Polman noted with satisfaction, gets its full-year results out smartly these days.
Mike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.
George Osborne has said that he will introduce further tax cuts for the oil and gas industry in the upcoming budget, to help offset the fall in global oil prices.
Google is reportedly considering a billion-dollar investment in SpaceX, Elon Musk’s spaceflight company, in order to boost its deployment of cut-price satellite internet.
Reckitt Benckiser, the consumer goods giant behind brands such as Dettol and Durex, has been fined £539,800 by the City watchdog for failing to monitor share-dealing by its senior executives.
SkyMall, a catalogue offering a range of products that became a cultural touchstone for a generation, was gravely ill on Friday afternoon, according to a bankruptcy filing.
McDonald’s reported one of its worst financial years on Friday, as burger lovers across the globe continue to fall out of love with the world’s largest restaurant chain.