Banking & Financial News

Financial Times - UK Homepage
Financial Times - UK Homepage

Gilani considering options about UK trip
Pakistan?s prime minister Yusuf Raza Gilani is under pressure to at least delay his trip to the UK following David Cameron?s comments
CBI chief in line for Indian envoy role
Cabinet ministers are to tap up Richard Lambert, the outgoing head of the CBI employers? group, to become UK high commissioner to India as part of a drive to appoint captains of industry to important diplomatic posts
Move to block BP from US drilling
BP would be blocked from winning future drilling permits in the US because of its safety record under energy legislation passed by the House of Representatives
Lloyds to lead way with £1bn in profits
The fortunes of Britain?s biggest banks have undergone a startling turnround, with profit growth at state-backed Lloyds set to eclipse that of the former industry star Barclays when first-half results are disclosed next week
US growth slows in second quarter
US growth slowed to an annualised rate of 2.4 per cent in the second quarter but robust business demand suggested that the economy would avoid a feared ?double dip? that could drag the world back into recession
China closer to becoming second-largest economy
A senior Beijing official?s reference to China as the ?world?s second-largest economy? has sparked excited speculation that Asia?s new powerhouse may have already reached a long-looming milestone by surpassing Japan
Dudley visit to mend fences with TNK-BP
Bob Dudley, BP?s incoming chief executive, will fly to Moscow to meet shareholders in its Russian joint venture TNK-BP, a visit that will underscore a thawing in relations between the two companies
Higher tax threat to final salary pensions
Thousands of people on middle incomes risk paying more taxes after the government in­troduces sweeping changes to the pension system next year
CKI snaps up EDF Energy Networks
Asia?s wealthiest man is to buy the UK electricity distribution business of France?s EDF for £5.8bn in what is set to be the biggest European investment by Hong Kong companies on record
The world?s banks take a holiday from regulation
As they break for the summer with their bonuses intact, bankers reflect that it could have been a lot worse, writes John Gapper

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