International Business News - Finance http://www.ibtimes.co.uk/finance/ All articles are copyrighted by IBTimes.co.uk 400 100 http://www.ibtimes.co.uk/ http://www.ibtimes.co.uk/images/top_logo_ibt2_3.gif Chancellor Alistair Darling refused on Sunday to rule out future tax rises to cut a gaping budget deficit. 53008 http://www.ibtimes.co.uk/data/articleimgs/20192-chancellor-of-the-exchequer-alistair-darling.jpg http://www.ibtimes.co.uk/articles/20100314/darling-refuses-to-rule-out-tax-rises.htm http://www.ibtimes.co.uk/articles/20100314/darling-refuses-to-rule-out-tax-rises.htm Sun, 14 Mar 2010 20:55:00 EDT David Cameron said on Sunday he would be able to fire his close friend George Osborne as the Conservative Party's shadow chancellor if he had to. 53005 http://www.ibtimes.co.uk/data/articleimgs/20190-leader-of-the-conservative-party-cameron-and.jpg http://www.ibtimes.co.uk/articles/20100314/cameron-says-he-would-be-capable-of-firing-osborne.htm http://www.ibtimes.co.uk/articles/20100314/cameron-says-he-would-be-capable-of-firing-osborne.htm Sun, 14 Mar 2010 19:22:00 EDT The Liberal Democrats said on Sunday they would hold off spending cuts for a year if they win an upcoming election, saying strapped public finances would be safest in their hands. 53001 http://www.ibtimes.co.uk/data/articleimgs/20186-liberal-democrat-leader-nick-clegg.jpg http://www.ibtimes.co.uk/articles/20100314/lib-dem-leader-vows-to-keep-economy-safe.htm http://www.ibtimes.co.uk/articles/20100314/lib-dem-leader-vows-to-keep-economy-safe.htm Sun, 14 Mar 2010 18:59:00 EDT Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached. 53002 http://www.ibtimes.co.uk/data/articleimgs/20187-former-employees-of-privatized-olympic-airways-protest.jpg http://www.ibtimes.co.uk/articles/20100314/greek-bailout-tops-eu-finmins-agenda.htm http://www.ibtimes.co.uk/articles/20100314/greek-bailout-tops-eu-finmins-agenda.htm Sun, 14 Mar 2010 16:04:00 EDT The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday. 52930 http://www.ibtimes.co.uk/data/articleimgs/20139-greece-pm-papandreou-pauses-during-remarks-at.jpg http://www.ibtimes.co.uk/articles/20100313/euro-zone-agrees-bailout-for-greece-report.htm http://www.ibtimes.co.uk/articles/20100313/euro-zone-agrees-bailout-for-greece-report.htm Sat, 13 Mar 2010 00:59:00 EST San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday. 52924 http://www.ibtimes.co.uk/data/articleimgs/20134-file-photo-of-federal-reserve-bank-of.jpg http://www.ibtimes.co.uk/articles/20100312/yellen-leads-picks-fors-fed-seat.htm http://www.ibtimes.co.uk/articles/20100312/yellen-leads-picks-fors-fed-seat.htm Fri, 12 Mar 2010 22:36:00 EST U.S. retail sales rose unexpectedly last month despite heavy snow storms thought to have kept shoppers at home and that bolstered hopes of a sustainable economic recovery. 52875 http://www.ibtimes.co.uk/data/articleimgs/20119-shoppers-carry-shopping-bags-after-buying-goods.jpg http://www.ibtimes.co.uk/articles/20100312/uretail-sales-rise-in-february.htm http://www.ibtimes.co.uk/articles/20100312/uretail-sales-rise-in-february.htm Fri, 12 Mar 2010 19:46:00 EST Britain's top banks look likely to avoid massive losses on Dubai World's debt pile, but have already seen about 1 billion pounds wiped off profits due to problem loans in Dubai and the region last year. 52888 http://www.ibtimes.co.uk/data/articleimgs/20121-skyscrapers-are-seen-along-dubais-sheikh-zayed.jpg http://www.ibtimes.co.uk/articles/20100312/uk-banks-likely-to-avoid-big-dubai-loss.htm http://www.ibtimes.co.uk/articles/20100312/uk-banks-likely-to-avoid-big-dubai-loss.htm Fri, 12 Mar 2010 15:19:00 EST Greece's economy will shrink much more than the government is forecasting this year, the country's central bank governor said, as economists shrugged off slightly stronger data and warned of a further deterioration. 52879 http://www.ibtimes.co.uk/articles/20100312/outlook-weighs-on-greek-budget-goals.htm Fri, 12 Mar 2010 14:17:00 EST Britain should examine the case for setting up a government-backed investment fund to help finance infrastructure projects, Business Secretary Peter Mandelson said on Friday. 52869 http://www.ibtimes.co.uk/data/articleimgs/20118-business-secretary-mandelson-gestures-as-he-arrives.jpg http://www.ibtimes.co.uk/articles/20100312/uk-should-consider-state-investment-fund-mandelson.htm http://www.ibtimes.co.uk/articles/20100312/uk-should-consider-state-investment-fund-mandelson.htm Fri, 12 Mar 2010 13:51:00 EST Greece's gross domestic product shrank slightly less than feared at the end of 2009 and unemployment eased, but the economy looked set to deteriorate as the government imposes major cutbacks. 52803 http://www.ibtimes.co.uk/data/articleimgs/20103-greece-pm-papandreou-pauses-during-remarks-at.jpg http://www.ibtimes.co.uk/articles/20100312/greek-jobless-rate-eases-but-recession-entrenched.htm http://www.ibtimes.co.uk/articles/20100312/greek-jobless-rate-eases-but-recession-entrenched.htm Fri, 12 Mar 2010 10:12:00 EST Police clashed with stone-throwing youths in Athens on Thursday as tens of thousands of strikers protested against draconian cutbacks aimed at pulling Greece out of a debt crisis shaking the euro zone. 52702 http://www.ibtimes.co.uk/data/articleimgs/20073-riot-policemen-take-up-positions-behind-flames.jpg http://www.ibtimes.co.uk/articles/20100311/police-clash-with-protesters-as-greeks-fight-cuts.htm http://www.ibtimes.co.uk/articles/20100311/police-clash-with-protesters-as-greeks-fight-cuts.htm Thu, 11 Mar 2010 17:54:00 EST Dubai's market rallied to seven-week highs on Thursday on hopes for a Dubai World debt deal while some major creditor banks halted internal trading in the firm's instruments, signalling an offer was approaching. 52709 http://www.ibtimes.co.uk/data/articleimgs/20074-skyscrapers-are-seen-along-dubais-sheikh-zayed.jpg http://www.ibtimes.co.uk/articles/20100311/dubai-rallies-as-debt-deal-seen-near.htm http://www.ibtimes.co.uk/articles/20100311/dubai-rallies-as-debt-deal-seen-near.htm Thu, 11 Mar 2010 15:22:00 EST Top retailers expect trading to get tougher this year as taxes rise and public spending falls to bring down government debt, but are optimistic of coping after cutting costs and focussing on cheaper products. 52688 http://www.ibtimes.co.uk/data/articleimgs/20071-a-woman-looks-inshop-window-in-the.jpg http://www.ibtimes.co.uk/articles/20100311/retailers-see-tougher-times-ahead.htm http://www.ibtimes.co.uk/articles/20100311/retailers-see-tougher-times-ahead.htm Thu, 11 Mar 2010 13:38:00 EST A proposed 400 km per hour high-speed rail link joining London and other major cities would cost 30 billion pounds to build over a decade after 2017, Transport Secretary Andrew Adonis said. 52680 http://www.ibtimes.co.uk/data/articleimgs/20067-undated-concept-image-ofproposed-high-speed-rail.jpg http://www.ibtimes.co.uk/articles/20100311/fast-rail-would-cost-30-billion-from-2017.htm http://www.ibtimes.co.uk/articles/20100311/fast-rail-would-cost-30-billion-from-2017.htm Thu, 11 Mar 2010 13:09:00 EST Transport Secretary Andrew Adonis will on Thursday publish the government's proposed route for a high speed rail link between London and Birmingham. 52621 http://www.ibtimes.co.uk/articles/20100311/fast-railway-to-link-london-and-birmingham.htm Thu, 11 Mar 2010 09:25:00 EST Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a fortnight in protest against austerity plans. 52606 http://www.ibtimes.co.uk/articles/20100311/greek-workers-strike-as-anger-at-austerity-grows.htm Thu, 11 Mar 2010 08:54:00 EST Updates from three of Britain's biggest retailers will shed more light on the strength of consumer spending after a weather-impacted start to 2010 and their fears that the upcoming election could hit confidence. 51887 http://www.ibtimes.co.uk/data/articleimgs/19807-a-shopper-leavesjohn-lewis-store-in-leicester.jpg http://www.ibtimes.co.uk/articles/20100311/retailers-to-shine-light-on-consumer-health.htm http://www.ibtimes.co.uk/articles/20100311/retailers-to-shine-light-on-consumer-health.htm Thu, 11 Mar 2010 01:03:00 EST Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will provide its debt-strapped neighbour, sources close to the discussions said. 52521 http://www.ibtimes.co.uk/data/articleimgs/20027-an-aerial-view-of-residences-on-the.jpg http://www.ibtimes.co.uk/articles/20100310/dubai-creditors-to-get-multiple-options.htm http://www.ibtimes.co.uk/articles/20100310/dubai-creditors-to-get-multiple-options.htm Wed, 10 Mar 2010 15:01:00 EST Prime Minister Gordon Brown said on Wednesday he believed Britain would maintain its coveted top credit rating and announced a pay freeze for senior civil servants and military officers to help tame a record deficit. 52448 http://www.ibtimes.co.uk/data/articleimgs/20007-prime-minister-gordon-brown-speaks-atthomson-reuters.jpg http://www.ibtimes.co.uk/articles/20100310/brown-says-uk-to-maintain-aaa-credit-rating.htm http://www.ibtimes.co.uk/articles/20100310/brown-says-uk-to-maintain-aaa-credit-rating.htm Wed, 10 Mar 2010 14:26:00 EST