Bernanke was reluctant to bail out AIG in 2008
Former Federal Reserve chairman, Ben Bernanke said on his second day on the witness stand he had been reluctant to lend money to the...
France’s credit outlook cut to ‘negative’ by Standard and Poor’s
Citing concerns about its struggling economic recovery, France’s credit outlook has been downgraded to ‘negative’ by credit rating agency Standard and Poor’s. It reaffirmed...
A eurozone recession poses huge risk to UK and global economy
George Osborne, Chancellor of the Exchequer, has expressed an ominous outlook of the global economy, saying that there are “serious clouds are gathering on the...
US and UK regulators to participate in bank collapse scenario
Regulators in the UK and the US will be meeting next week to see how they would cope with the the failure of a...
Kmart is the latest retailer to be hacked
Kmart is the latest retailer to be subject to a data beach. The hack has compromised the security of customers' credit and debit card...
Canadian unemployment down to 6.8 percent, a six year low
Canadian unemployment is at its lowest level in nearly six years, down to 6.8 percent in September. According to Statistics Canada, there were 74,100...
Fed’s comments kill dollar’s rise
After Federal Reserve policymakers publicly expressed misgivings about a strong dollar, the greenback’s recent surge seems to have come to an abrupt end as...
Dairy Queen security breach involving payment card data announced
Berkshire Hathaway subsidiary Dairy Queen announced on Thursday that a security breach involving customers’ payment card data has occurred at 395 of its restaurants...
UK trade deficit shrinks in August to 1.9 billion pounds
The UK trade deficit in goods and services shrank in August to £1.9 billion from £3.1 billion in July, the Office for National Statistics...
Murphy steps down from Gap, Peck steps up
Glenn Murphy is stepping down as CEO of American multinational clothing and accessories retailer Gap Inc., while nine-year veteran head of the retailer’s digital...