Result Page 318 for Latest Economy News & Archive

In the Thames Water Fleet sewer, a Victorian sewer system designed by Joseph Bazalgette, beneath the streets of London. Thames Water blames the 'super sewer' costs for rise in bills (Photo: Reuters)

Ofwat Aims to Veto Thames Water's 'Unjustified' 8% Price Hike

Water regulator plans to veto price rise as the reasons Thames Water gave "were not justified"

London Whale Scandal: JPMorgan on Cusp of $100m CFTC Settlement

JPM has already paid around $1bn in fines related to the London Whale scandal (Photo: Reuters)

Media reports say JPM is on the cusp of settling with the CFTC over Bruno Iksil's $6.2bn legal derivative losses

US Shutdown: Fitch Puts US AAA Credit Rating Under 'Review' as Debt Ceiling Deadline Nears

Fitch places US credit ratings under review for possible downgrade as country nears deadline to raise its debt ceiling to avoid default.

Deutsche Bank and Barclays are being sued in the Court of Appeal over how Libor fixing could invalidate IRSAs because many are attached to the benchmark lending rate (Photo: Reuters)

Mis-selling Derivatives and Libor Fixing: Lawyers Unveil Deutsche Bank Emails On Customer Being 'Screwed'

Unitech is appealing against earlier ruling saying banks' attempts to manipulate Libor invalidate IRSA.

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Burberry's Retail Revenues Soar in Last Six Months as Angela Ahrendts Exits for Apple

Strong Burberry half year results comes just as Christopher Bailey takes over from Ahrendts

A New Housing Bubble? UK Prices Hit Record High

Office of National Statistics House price index breaks January 2008 records.

Royal Mail Shares: Government Reaps Interest on Unsuccessful Investors' Money

Money fronted for Royal Mail shares, but not used, are sitting in a government account accruing interest.

UK Inks Ground-Breaking China Deal to Be First Western Hub for Offshore RMB Trading

The UK government says investors will be able to apply for a licence to invest RMB directly into China.

Shell Abandons Shale Gas Production Targets on Investment Return Delay

Energy giant CEO Peter Voser explains why shale gas will not bring short-term profits to the company

'Demoralised Workforce': UK Young Pessimistic About Job Prospects

Totaljobs.com says that the UK job market is still very competitive, particularly for young people.

Supermodel friend of Benedict Cumberbatch, Katia Elizarova, asks parliament to create kitemark for ad industry to protect models from abuse (Photo: Reuters)

Supermodel Katia Elizarova Urges Parliament to Create Ad Industry Kitemark to End Abuse of Models

Benedict Cumberbatch's supermodel friend asks for a new UK code-of-conduct in the advertising and modelling world.

UK Wage Squeeze: Sticky Inflation Holds at 2.7%

Office for National Statstics shows real pay cut continues in September as CPI inflation holds steady.

UK Advertising Spending Falls in First Half of 2013

Overall spending fell although global advertising spending grew 3.5% in the second quarter of 2013.

European markets trade higher on 15 October

US Debt Ceiling Deal Progress Boosts Sentiment Across European Markets

UK will release September inflation data on 15 October.

David Cameron (L) and George Osborne (R) established the Parliamentary Commission on Banking Standards (PCBS) to reform the banking sector (Photo: Reuters)

PCBS Andrew Tyrie: UK Government Ignores Key Banking Reform Blueprint Elements

Parliamentary Commission on Banking Standards chairman says government is failing implement key reforms

Royal Mail Share Price Posts New Highs as Full Trading Begins

Royal Mail shares begin full trading on London Stock Exchange as price soars to 48% above government's initial offer.

Edward Snowden NSA Scandal: Government Seeks to Throw Out Supreme Court Case Against Agency's Phone Tapping

Justice Department said Supreme Court lacks jurisdiction to consider lawsuit by Electronic Privacy Information Center.

UK Chancellor George Osborne Pledges to Open Doors to Chinese Banks

The Chancellor is to announce new measures to help Chinese banks set-up in the UK.

Asian markets outside Shanghai trade higher on 15 October

Asian Markets Outside Shanghai Trade Higher on US Debt Ceiling Deal Anticipation

Shanghai sees cautious trade ahead of the release of China's third quarter GDP data.

FX Fixing Scandal: Ex-RBS and JPMorgan Trader Richard Usher Tipped to Be at Centre of Probe

The spot currency trader left Edinburgh-based RBS in 2010 and is JPM's chief dealer in London

David Cameron commissioned a report, compiled by six unnamed business leaders, to look at European Union regulation and the impact on business (Photo: Reuters)

UK Prime Minister David Cameron Slams EU Regulation for Strangling Economic Growth

Cameron says red tape is costing Britain billions of euros and is therefore squeezing economic growth

US Government Shutdown: Senate Leaders Optimistic About Raising Debt Ceiling

US would default on its debt if ceiling is not raised before 17 October.

Unite and War on Want claim Boots has avoided £1.1bn in corporation tax since going private with KKR and others (Photo: Reuters)

Alliance Boots Avoids £1.1bn in UK Corporation Tax Since 2008

Britain's largest trade union Unite and War on Want publishes a UK tax avoidance report on pharmacy chain

The FCA is mulling over whether to sue Britain's biggest banks according to Martin Wheatley (Photo: Reuters)

Mis-Selling Derivatives: FCA Eyes Fining Banks for IRSA Scandal

Financial Conduct Authority's Martin Wheatley says regulator is mulling over whether to sue banks after redress scheme ends

New Bank of England Deputy Governor Sir Jon Cunliffe: No Housing Bubble Yet

Sir Jon Cunliffe made an appearance before the Treasury Select Committee before he replaces Paul Tucker

Boulestin: Joel Kissin Channels French Chef's Spirit in Latest London Restaurant [VIDEO]

Xavier Marcel Boulestin was well known to London once before. He may be again with Kissin's new restaurant.

IMF: Global Regulators Need Better Coordination to Overhaul Banking Sector

Annual IMF/World Bank meeting in Washington DC highlights importance of making banks stronger through reforms.

Lloyds Chief António Horta-Osório: Liberalise Planning Law or Risk UK Housing Bubble

As Help to Buy stokes housing market demand, Lloyds boss warns on perils of limiting supply.

City Pay Surge Stutters as Job Opportunities in London's Financial Sector Rise

Morgan McKinley confirms renewed energy within London's financial services sector.

A Malaysian court in the country ruled that non-Muslims cannot use the word Allah to refer to God (Photo: Reuters)

Malaysia Ban on Non-Muslims Using 'Allah' Reveals Culture Paradox

Veronica Chan says court ruling is a small glimpse into societal progression versus race and religion based policies

HSBC Warns George Osborne: Focus on Quality of UK Recovery

HSBC note cautions that debt-driven consumption still major force behind UK economy.

Aldi and Lidl Continue to Dominate the German Food Retail Market

Foreign competitors find it hard to make headway in Germany's food retail market

Chinese Investment in Manchester Airport Could Create 16,000 North West Jobs

BCEG says it is honoured to be involved in Manchester Airport's development.

European Policymakers Battle Black Holes in Bank Balance Sheets

European authorities are trying to find ways to deal with the eurozone's riskiest banks

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