Business

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UK consumer confidence remained unchanged in April

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Consumer confidence in the UK remained unchanged in April, according to market researchers GfK. The UK Gfk Consumer confidence stood at a seasonally adjusted score...
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MasterCard Inc. reports 17 percent increase in first quarter profit

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MasterCard Inc. posted a better than expected 17% increase in first quarter profit, driven by lower operating expenses and higher purchase volumes. The company's first...

Barclays set aside extra £800 million to cover potential settlements

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Barclays set aside another £800 million to cover potential settlements for its alleged involvement in foreign exchange manipulation after posting a 9% increase in...

The financial consequences of the UK leaving the EU

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What are the financial consequences of the UK leaving the European Union? According to a report by German thinktank Bertelsmann Stiftung, a British exit from the...
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Deutsche Bank says it will deconsolidate Postbank

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Deutsche Bank said on Friday that it plans to deconsolidate its Postbank retail banking unit and cut risks in investment banking as it faces...
Five Pound note (sterling).

UK economy forecast to grow by 2.8% in 2015

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According to an EY Item Club report, low inflation and eurozone growth is set to help the British economy grow by 2.8% this year. The...

Osborne vows to sell remaining government stake in Lloyds Bank

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George Osborne announced on Sunday that he plans on selling billions of pounds worth of Lloyds shares if the Conservative party wins the UK...
IMF

IMF is committed to a “robust, balanced, and job-rich global economy”

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On Saturday the IMF warned that despite robust growth in advancing economies, developing economies are facing pressure from weak commodity prices and exports. The organization...
inflation

US consumer prices increased by 0.2% in March

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There was a modest increase in inflation last month, due to rising costs of gasoline, shelter, and medical-services. Consumer prices in the US increased for...
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Chinese economic growth slowed to 7 percent in first quarter

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In the first quarter of the year the Chinese economy grew at its slowest pace in six years. The National Bureau of Statistics (NBS) announced...