More From Michael Klimes
Repeat Offender Banks Will Face Heavy Penalties in US
A top US Justice Department official has said offending banks will receive no quarter.
Nov 18, 2013
IFS: Independent Scotland Will Face Tough Fiscal Challenges
Institute for Fiscal Studies publishes report on the stark tax and spending choices Scotland would face after independence.
Nov 18, 2013
EBA's Andrea Enria: Too Many Banks Survived Eurozone Crisis
European financial sector failed to close enough banks, says European Banking Authority chief.
Nov 18, 2013
Shell Restarts Alberta Refinery
Energy giant restarts unit of oil refinery in Canada in oil rich province Alberta.
Nov 18, 2013
Scotland's Top Earners' Wages Growing Faster than the Rest
Independent Scotland would have more powers to tackle inequality 'but might be hampered by globalisation'.
Nov 15, 2013
Scottish Government Must Tell the Truth About Independent Economy
The Scottish Affairs Committee has delivered a damning report about Scottish government's White Paper on independence.
Nov 15, 2013
Bonmarché to Raise £40m From AIM Listing
Old ladies fashion retailer is set to be listed on the alternative investments market on the 20 November.
Nov 15, 2013
Nationwide Reports £270m Profits Surge
Britain's largest mutual lender sees rise in profits over the past six months to the end of September 2013.
Nov 15, 2013
JPMorgan Cancels Twitter Q&A After Deluge of Negative Tweets
Leading bank experiences mass of negative tweets and stops twitter event as a result.
Nov 14, 2013
Man United Reports Record Revenues of £98.5m
Red Devils report record revenues for first quarter of 2014.
Nov 14, 2013
Pirates Ride Wave of Oil Wealth in West Africa
West Africa experiences surge in piracy as hijackers target the region's growing oil and gas industries.
Nov 14, 2013
Lower Catastrophe Costs to Boost Profits for Insurance Giant Amlin
No major disaster claims in the third quarter will help insurance giant exceed targets.
Nov 14, 2013
Philip Green's Arcadia Group Blames Weather for Topshop Slump
Group owned by family of billionaire Philip Green sees sales decline on back of milder than expected weather.
Nov 14, 2013
Sotheby's Sells Warhol Work for Record Breaking $105.4m
Silver Car Crash (Double Disaster) breaks sales record for a work by Warhol.
Nov 14, 2013
The Zombification of Europe: The Perils of Deflation
European economies in danger of coming to grinding halt with falling demand and prices.
Nov 13, 2013
Barclays' Compliance Boss Hector Sants Resigns Because of 'Stress'
Former financial regulator leaves Barclays because of 'stress and exhaustion'.
Nov 13, 2013
BoE's Mark Carney: 'Two in Five Chance' UK Unemployment could Hit 7% in 2014
The Bank of England's quarterly report is upbeat on the UK economy.
Nov 13, 2013
Eurozone Industrial Production Drops More than Expected
Eurozone industrial production dropped in September adding to worries deflation is hitting the eurozone.
Nov 13, 2013
Spain's Consumer Price Index Data Prompts Fear of Deflation
Spain's consumer price index showed a decrease of prices by 0.1% in October.
Nov 13, 2013
Sainsbury's Reveals 9% Rise in Half-Year Profits
Leading supermarket publishes half-year results that show it is increasing its market share in groceries.
Nov 13, 2013
John Lewis Store in Shepherd's Bush Will Create 600 Jobs
Leading retailer will create £30m store with four floors in Westfield London.
Nov 12, 2013
New $6bn Fuel Supply Deal between Rosneft and BP
BP has become of the biggest buyers from Rosneft after years without a deal between the two giants
Nov 12, 2013
UKFI's Robin Budenberg: Osborne RBS/Lloyds Bonus Cut Plans 'Not Acceptable'
Robin Budenberg, chairman of UK Financial Investments, opposed chancellor's plans to cut bankers' bonuses.
Nov 12, 2013
BT and Sky Race to Conquer UK Sports Broadcasting
Media giants could be locked in long and expensive war over televised sports coverage in Britain.
Nov 11, 2013
BSkyB Shares Dive 10% After BT Champions' League Deal
Shares in BSkyB drop almost 10% as British Telecom announces football broadcast deal.
Nov 11, 2013
Experian: Late Payment Gap Widens Between UK's Largest and Smallest Firms
Britain's biggest firms paying three days later than this time last year.
Nov 11, 2013
Moody's Warning Over Government Water Pressure
Moody raises concern about political pressure on water companies as Ofwat blocks Thames Water's proposed 8% price hike.
Nov 08, 2013
Npower Boss Paul Massara Refuses to Forfeit Bonus amid Energy Price Row
Npower chief Paul Massara dismisses Centrica boss's promise to give up bonus a 'gimmick'.
Nov 08, 2013
RBS Unit Fined $150m over Subprime Mortgage Scandal
US securities regulators hit Royal Bank of Scotland subsidiary for misleading investors.
Nov 07, 2013
BAE Cuts Could Cost Scottish Economy £195m and 2,400 Jobs
Strathclyde University impact assessment says Glasgow naval yard cuts would have serious knock-on effects on Scottish economy.
Nov 07, 2013
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