Lloyds to close 200 branches and cut 9000 jobs
Lloyds Banking Group reiterated its plan to close 200 branches and cut 9,000 jobs, just two days after finding out it had just scraped...
Stock Market Overview: May 15, 2015
General overview: US stocks edged higher, while major European indexes fell.
US:
The Dow Jones Industrial Average opened at 18,251.97 and gained 20.32 points (a 0.11%...
Alibaba sales volume soars on company’s self invented “Singles Day”
Alibaba Group Holding’s online shopping festival “Singles Day” has resulted in record transaction volume, topping $1 billion within the first 20 minutes.
Last year it...
Deutsche Bank names John Cryan as its new CEO
Deutsche Bank has named John Cryan as its new CEO after the company’s co-chief executives Anshu Jain and Juergen Fitschen resigned.
Mr. Jain and Mr....
UK house prices fell 0.3% in February, according to Halifax
House prices in the UK dropped by 0.3% in February, according to Halifax, with the average property price standing at £192,372 - 8.3% higher...
US economy projected to expand by 2 percent in 2020
The US economy is projected to continue growing for a 12th consecutive year in 2020, albeit at a slower pace.
According to a new forecast...
Bank of England holds interest rate at 0.5%
The Bank of England's Monetary Policy Committee (MPC) voted on Thursday to keep the UK’s benchmark interest rate at its record-low of 0.5%. The...
Sony warns of bigger loss
Sony warns that its net loss for the year ending in March will be much greater than expected, possibly as high as ¥230 billion...
China’s trade surplus with the US reached nearly $29 billion in June
China’s surplus with the US reached a record high of nearly $29 billion in June.
The figure comes amid heightened trade tensions between the world’s...
Scientists try to solve the Four Corners methane mystery
There is an area in the US where the states of Utah, New Mexico, Colorado and Arizona meet, that has the highest concentrations of...