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...
Samsung warns of 60 percent fall in profit in third quarter
With Apple’s iPhone making gains in the high-end smartphone market and Chinese brands in the low-end segment, Samsung warned today of a 60% fall...
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...
UK house prices set to fall by -0.8 percent in 2015
After increasing by 7.8% in 2014, UK house prices are forecast to fall by -0.8% in 2015, says the Centre for Economics and Business...
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...
Samsung Electronics to invest $14.7 billion in chip plant
The South Korean multinational electronics giant Samsung Electronics Co. Ltd. announced a plan to spend $14.7 billion on a new chip plant at its...
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...
Hewlett-Packard to separate PC and printer businesses
American multinational information technology giant Hewlett-Packard Co. is planning to split its less profitable corporate hardware and services operations from its more successful printer...