Pound sterling dropped to almost seven-year low against the US dollar
The pound sterling plunged to an almost seven-year low against the US dollar on Monday amid fears of the UK potentially leaving the European...
China replaces Xiao Gang, head of its Securities Regulatory Commission
Xiao Gang has been replaced as head of China’s Securities Regulatory Commission (CSRC) as the country tries to tackle volatility in the stock markets....
Osborne unlikely to meet UK borrowing goals for 2015/16 tax year
Chancellor George Osborne is unlikely going to meet borrowing goals for the 2015/16 tax year after a smaller-than-expected surplus in January.
According to the...
Asda reported steepest drop in sales ever, down 5.8%
UK supermarket chain Asda reported its worst drop in sales ever. Sales at the Wal-Mart owned retailer dropped 5.8% during the three months up to...
Russia and Saudi Arabia agree to freeze oil output if other countries join them
Oil exporting giants Russia and Saudi Arabia have agreed that they will freeze oil output if other large oil exporting countries join them in...
Aldi to open 80 new stores in the UK this year, creating 5,000 jobs
Discount retailer Aldi announced that it plans to open 80 new stores in the UK this year and create 5,000 new jobs.
The aggressive...
HSBC is keeping its headquarters in London, not moving to Hong Kong
HSBC announced that it is keeping its headquarters in London and will not move to Hong Kong, putting an end to months of uncertainty...
EU economy expanded 1.8 percent in 2015
The economy of the European Union (EU) expanded 1.8 percent over the whole year of 2015, while the euro area economy grew 1.5 percent,...
Deutsche Bank buying back over $5bn of its own debt
Deutsche Bank announced that it will be buying back over $5bn (£3.5bn) of its own debt.
The German banking giant said that it will be buying...
The Independent is ceasing print production, going online only
The Independent newspaper will cease print production next month and go online only, owners ESI Media announced.
The leftist paper will become the UK’s first...