Sunday, 16 October 2011

German foreign minister hits out at US over debt crisis

Germany's foreign minister today lashed out at the United States over criticism the eurozone is not doing enough to solve its economic woes, noting that US debt had also contributed to the current crisis.

EU chief wants law to target rogue bankers

EC chief Jose Manuel Barroso has proposed the introduction into European law of "individual responsibility" which would expose financial sector wrong-doers to criminal sanctions.

Murdochs under pressure to go

America's two largest public pension funds have increased the pressure on Rupert and James Murdoch to step down from the board of News Corporation, days before the family faces a showdown with shareholders.

Protesters hit the City of London

Protesters descended on the City of London today as part of worldwide demonstrations against corporate greed and cutbacks.

Bill Gross apologises for a 'stinker' of a year

Bill Gross, who runs the world's biggest bond fund, has apologised for a "stinker" of a year after failing to anticipate the fear that has been driving investors since the summer.

Barclays looks to bid for Spanish cajas

Barclays is trying to bolster its position in Spain’s high street banking market by eyeing a number of the country’s cajas.