A dearth of bank credit risks exacerbating Britain's recession, regulators warned on Monday, as British Prime Minister Gordon Brown vowed to reform banks' bonus culture held partly responsible for the financial crisis.
British Prime Minister Gordon Brown, seeking to head off mounting public anger over bankers' bonuses, pledged on Monday to end rewards for failure in a financial system crippled by the credit crisis.
Banks should be left to sort out their own toxic assets and troubled loans and create so-called "bad banks" with enough financial clout to be able to unwind over time, a veteran
Stock futures dropped on Monday as a delay in the announcement of the Obama administration's bank rescue plan disappointed investors and another wave of poor earnings showed more economic upheaval. Adding to
Microsoft Corp is planning to offer new programs and services for mobile phones, including an "online bazaar" for software, the Wall Street Journal reported on Sunday. The online bazaar would be for
European shares were lower early on Monday, depressed by oils which sagged on lower crude prices and by a cautious mood ahead of the approval of Washington's economic stimulus package. By 0932
Equities were weaker in Europe and Japan on Monday but emerging markets were putting in a fifth consecutive day of gains, reflecting what some analysts see as a gradual return of investor
British bank Barclays Plc reported a 2008 profit of 6.1 billion pounds ($9 billion), ahead of analysts' forecasts but down 14 percent on the year after 5 billion pounds of writedowns. Barclays
Asian stocks rose on Monday amid hopes that a massive U.S. stimulus package would bolster the global economy, while the dollar retreated after hitting a one-month high against the yen. Hong Kong
The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package. "We're focused
