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Rebecca O’Connor, Property Correspondent The United States has agreed to sell its embassy building in Grosvenor Square, Mayfair, to a Qatari sovereign wealth-backed developer for an undisclosed sum. The US State Department said... [read full story]
The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this morning.
State support for the world's battered economies must remain in place if a smooth recovery is to be achieved, the head of the International Monetary Fund (IMF) warned today. Dominique Strauss-Kahn told the CBI's annual...
• The City has backed Lloyds Banking Group's proposal to swap existing bonds for new 'contingent convertibles' • £8.78bn of securities will be exchanged for CoCos • Scheme will give extra support to Lloyds' capital reserves...
The Dutch maker of luxury sports cars, Spyker, has said that it will shift final assembly of its vehicles to one of its main suppliers, CPP (Manufacturing) Ltd UK, in Coventry. Spyker cited cost-saving as the main motivation...
