The European Central Bank gave itself the go-ahead on Thursday to build a new 1 billion euros, 48-storey headquarters, giving it a permanent home for the first time and drawing a line
Around 4,500 passengers were stranded abroad on Thursday after the suspension of Scottish airline Flyglobespan, administrator PricewaterhouseCoopers said. The owner of the airline, Globespan, was put into administration late on Wednesday after
A flurry of British retail and consumer goods companies lifted profit forecasts on Thursday, adding to hopes of economic recovery, though many continue to bear the scars of the downturn and remain
Bank of Cyprus announced that it has acquired 102.862.785 shares representing a 9.7% interest in Banca Transilvania’s share capital with a total acquisition cost of EUR58 mln. The transaction does not have
New U.S. home construction rose less than expected last month, while consumer prices increased marginally, suggesting little urgency for the Federal Reserve to raise interest rates sooner as the economy steadily recovers.
After more than three centuries, the humble cheque could become a historic relic if British banks, as expected, vote to phase it out in favour of more modern payment methods. The board
The future path of quantitative easing should be guided by the amount of slack in the British economy, which is currently "very substantial", Bank of England policymaker David Miles said on Wednesday.
Greece is not discussing a bailout with other European Union countries, Greek Finance Minister George Papaconstantinou said on Tuesday, when financial markets gave his emergency deficit-cutting plan a thumbs down. Speaking following
The number of Britons claiming unemployment benefit fell in November for the first time in almost two years, according to official data on Wednesday that showed unexpected resilience in the labour market.
The U.S. Federal Reserve is expected to stick to its super loose monetary policy stance on Wednesday as high unemployment constrains policy-makers' enthusiasm about the economy's recent improvement. The Fed began a
