Asian markets suffer amid concerns of global economic growth
Asian markets suffered on Wednesday amidst growing pessimism about global economic growth and a stronger yen - increasing concerns about the future of Japanese...
Wonga TV ad banned for not mentioning 5,853% interest rate
A Wonga TV ad has been banned by the UK's Advertising Standards Authority (ASA) after a charity complained it does not mention that the...
UK banking executive pleads guilty to Libor fixing conspiracy
A high-ranking banking executive has pleaded guilty to conspiring to fix Libor, according to Southwark Crown Court in London, which says it cannot name...
Michael Bloomberg knighted by the Queen
Billionaire Michael Bloomberg, the former Mayor of New York and founder of financial information company Bloomberg, has been given an honorary knighthood by The...
Eurozone 4th quarter GDP growth of 0.2% predicted by Ifo Institute
The Prestigious Munich-based think tank, the Ifo Institute, along with INSEE of France and ISTAT of Italy, forecast a very moderate 0.2% annual Eurozone GDP...
E-cigarettes are NOT tobacco products, company tells EU regulators
British e-cigarette company Totally Wicked wants to stop the EU Tobacco Products Directive (TPD) from classing electronic cigarettes as tobacco products. It has been...
Euro Disney shares plummet by 15 percent
The company that runs Disneyland Paris, Euro Disney S.C.A., saw its share price sink by 15% in early trading on Monday after announcing a...
Factory orders in Germany in August sink 5.7 percent
German factory orders sank -5.7% compared to July, says statistical agency Destatis. This is the largest decline since the peak of the global financial crisis...
John Lewis boss’ French bashing fuels Francophiles and Francophobes
After John Lewis' boss, Andy Street, told an audience of entrepreneurs that France was sclerotic, hopeless, downbeat, and investors should pull their money out...
ECB will become Europe’s bad bank, says Hans-Werner Sinn
The European Central Bank’s plan to purchase asset-backed securities and covered bonds will turn it completely into a bail-out authority and Europe’s bad bank,...