HSBC plans on cutting 25,000 jobs worldwide
HSBC announced that it will be cutting a total of 25,000 jobs worldwide, of which 8,000 will be in the UK.
The bank said that...
UK retail sales rose 1.1 percent in May
UK retail sales increased by 1.1 percent in May compared with the same month in 2014, according to the British Retail Consortium, following a...
UK may begin RBS shares sale this September
The UK will soon begin selling shares of state-owned Royal Bank of Scotland (RBS).
The Treasury is reportedly planning an initial sale of RBS shares...
Chinese company bid $2.35 million to win lunch with Warren Buffett
Chinese gaming company Da Lian Zeus Entertainment made a $2.35 million bid on Friday to win a private lunch with Warren Buffett.
The proceeds of...
Dow and S&P 500 both closed lower on Friday
Despite robust labor market reports, the Dow and S&P 500 both closed lower Friday on expectations that the Federal Reserve will begin increasing rates as...
US economy added 280,000 new jobs in May
In May the US economy added 280,000 new jobs, beating economists' estimates.
According to Bloomberg, economists expected gains of 220,000.
Businesses added 262,000 jobs, while Federal,...
US worker productivity dropped 3.1 percent in the first quarter
US worker productivity dropped sharply in the first quarter of 2015. Productivity refers to the rate of production of a unit of input, including...
UK economic growth is speeding up, says CBI
The Confederation of British Industry says that the speed of UK economic growth is increasing.
Business activity rose significantly in the three months to May,...
Equinix acquiring UK rival Telecity for £2.35 billion
Equinix Inc announced on Friday that it is acquiring its UK rival Telecity Group in a deal worth £2.35 billion ($3.6 billion), representing one of...
Intel said to acquire Altera Corp for around $16 billion
Intel Corp is close to a deal to acquire the smaller chip maker Altera Corp for around $16 billion, according to reports citing people...