London Scottish Bank, a small British lender, said on Monday it had gone into administration after failing to plug a gap in its capital reserves. In a statement, the UK Treasury said
World stocks ended six consecutive days of gains on Monday and oil prices tumbled, boosting flows into the low-yielding yen as data showing slumping manufacturing activity in China and Europe fanned concerns
The European Commission endorsed a set of principles on Monday that banks will introduce in November 2009 to make it easier for customers to switch accounts and find a cheaper service. The
European and Chinese industry activity slumped in November, Japanese officials said their economy was slowing rapidly and U.S. retailers slashed prices to lure shoppers as recession took a grip. Bank of Japan
European shares fell after staging a sharp rally last week and the yen rose on Monday as investors looked to interest rate cuts in several major economies, while oil dropped as OPEC
Mobile phone calls distract drivers far more than even the chattiest passenger, causing drivers to follow too closely and miss exits, U.S. researchers reported on Monday. Using a hands-free device does not
British fund manager New Star Asset Management said on Monday it had requested that its shares be suspended pending the outcome of talks with its banks. "New Star announces that it is
Asian stocks dipped on Monday to snap a six-day winning streak, with investors caught between aggressive steps by central bank to alleviate the sharp global downturn and increasingly grim economic data. Higher-yielding
A weaker oil price reflecting poor economic demand ahead shut off a rally in world stocks on Friday while government bond yields sank and the dollar recovered from early losses. Oil fell
OPEC ministers said on Friday they were likely to defer a decision on their third output cut until next month, despite an accelerating slump in fuel demand that has slashed the price
