UK banks told to boost capital, shield taxpayers

Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Shake-up proposals outlined

Oil hovers at 2-1/2 year highs

U.S. crude oil futures hovered around $113 a barrel on Monday for the first time since September 2008 on supply concerns, while the euro climbed on increasing expectations of another rate hike

U.S. Congress, Obama face new budget fights

After a narrow escape from a potentially damaging government shutdown, even bigger budget fights lie ahead for President Barack Obama and leaders from both parties in the U.S. Congress. Obama will offer

Plain cigarette packaging highlights warnings

Light smokers and non-smokers pay more attention to health warnings on cigarette packs that lack branding graphics, supporting initiatives being considered by some nations to draw more attention to the warnings, a

U.S. budget deal avoids shutdown, fight ahead

The last-minute budget deal President Barack Obama and congressional leaders struck to avert a government shutdown paves the way for what Republicans promised on Saturday will be more spending fights to come.