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Economy

Financial world ponders impact of a 'Brexit'

As Britain's future membership of the European Union hangs in the balance the financial world is looking on nervously with banking and business leaders concerned about the impact a 'Brexit'.

Economy

European Central Bank's Draghi bullish on banks and stimulus

European Central Bank head Mario Draghi has been talking up the eurozone's banks, confirmed the ECB is ready for more stimulus measures and said the ECB is considering ditching the 500 euro note.

Business Series

London beats Hong Kong to keep HSBC headquarters

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

Business Series

Deutsche Bank's shares get boost from bond buyback reports

Deutsche Bank's shares recovered some ground on reports it is considering buying back several billion euros of its debt.

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Vatican

"The Devil's Job": ex-Vatican Bank chief Tedeschi on finance and morality

Italian economist and banker Ettore Gotti Tedeschi was president of the Vatican’s Bank at a time of turmoil from 2009 to 2012. Amid a

Europe News

EU auditors slam 'weak' Commission over bailouts

The European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new report

Economy

Draghi attempts to strike an optimistic tone for the state of Europe at Davos

Head of the European Central Bank Mario Draghi, attending the World Economic Forum in Davos, has indicated that the ECB intends to step up stimulus and defend and promote growth in the Eurozone in the

Economy

Lagarde seeks second term as head of the IMF

Head of the International Monetary Fund, Christine Lagarde, has announced she will run for a second term as managing director of the financial institution.

Business Series

Deutsche Bank posts a record €6.7bn loss for 2015

Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015.

Economy

Barclays slashes jobs at investment banking division

Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.

World News

European markets brace themselves for more panic

Wall Street kept a lid on the panic – just – after earlier moving deep into the red on Wednesday following an appalling day on European markets

World News

Russia: rouble at its lowest since 1998

Coupled with fresh falls in world oil prices, investor concerns deepen.

China

World Bank rival launched in Beijing

The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led

Economy

European economies face harsh headwinds from China

Headwinds from China again for European economies. As China’s financial markets remain relatively closed exposure for banks is limited, but trading

Russia

Russian ruble scrapes new low, no happier for 2016

The Russian ruble on the last currency trading day of the year has hit a new 2015 low against the US dollar, at one point falling to 73.20 to the

Germany

US Fed rate decision boosts confidence as markets rally

European shares surged in early trading on Thursday on news of the Fed’s decision. The European FTSEurofirst 300 index was up 1.8 percent by just

Economy

Protests in Italy after savers lose money over banks rescue

The Italian government faces growing protests over the rescue of four banks which saw thousands of investors lose money. The Economy Minister Pier

Iraq

USAF claims key ISIL kills in Iraq

US air force pictures from the skies over Iraq give little idea of the effectiveness of air strikes against ISIL. The planes are here because

Greece

Greek parliament narrowly approves 2016 austerity budget

The Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditions

United Kingdom

Britain to boost defence spending and create rapid strike force

David Cameron has announced a massive boost to Britain’s defence budget in the wake of the Paris attacks. Speaking after visiting the French capital