Barclays Plc said it is cutting more UK-based jobs in its retail and commercial banking businesses, which is likely to take job losses at the British bank to 4,600 in the past
European shares dropped on Wednesday, falling for the sixth consecutive session and turning negative on the year on renewed fears surrounding banks' balance sheets. Deutsche Bank tumbled 9 percent after saying it
European shares fell back in early trade on Wednesday as gains in energy stocks were overshadowed by falls in the banks and mining sectors. By 0932 GMT, the FTSEurofirst 300 index of
Britain launched a scheme on Wednesday to help small and medium-sized businesses refinance up to 20 billion pounds ($29.2 billion) of debt to stop cash-starved firms going bust. Economists and industry figures
Britain's leading share index slipped early on Wednesday as heavyweight HSBC fell on concerns of capital increase and dividend cut though oil producers boosted by firmer crude lent support. By 0844 GMT,
Yahoo Inc named Autodesk Inc Chairman Carol Bartz as CEO, but Wall Street questioned whether the software executive has the experience needed to turn around the Internet media company. While Bartz is
HSBC Holdings is likely to halve its dividend and may need to raise up to $30 billion in a rights issue, according to leading analysts, sending shares in Europe's biggest bank skidding
Bulgaria has asked the European Union to provide some 400 million euros in aid to help the Balkan country ease its dependence on its sole gas supplier, Russia, the economy ministry said.
The fundamental credit outlook for the banking sector of the United Arab Emirates is negative, reflecting growing pressures in the operating environment, which will weaken the financial fundamentals of UAE banks going
Info2cell.com, the leading mobile service application provider in the Middle East, has signed an agreement with top game and content developer, Maysalward R&D (MRD), as part of their current campaign to improve
