Finance, Banking & Insurance

UK manufacturing shrank to record low in November PMI report shows

The UK manufacturing sector was dealt an "unparalleled blow" in November according to the latest report on the sector, shrinking to a record low after a collapse in new business. The closely watched manufacturing Purchasing...

RLPC-DEALTALK-Prospects of $45 bln loan for Roche receding? 1 hr ago

By Tessa Walsh LONDON, Dec 1 (Reuters) - The prospects of Swiss drugmaker Roche raising a $45 billion syndicated loan to finance the buyout of the rest of U.S. biotech group Genentech are becoming increasingly remote. The sheer...

Oil prices fall after Opec stalls

Oil is far below the record of $147 a barrel reached in July Oil prices have tumbled by more than $2 a barrel after producers' group Opec declined to cut output at its informal meeting at the weekend. Extending recent falls, US...

New scheme to encourage over 50s to show 'olderpreneurial spirit'

The over 50s are being encouraged to tap into their "olderpreneurial" spirit. It is hoped a £2 million three-year partnership between the Prince of Wales' charity Prime (The Prince's Initiative for Mature Enterprise) and the...

Martin Flanagan's Business Blog: RBS leads way with consumer-friendly strategy

Published Date: 01 December 2008 ROYAL Bank of Scotland's charm offensive towards small businesses and homeowners should be unambiguously welcomed in these icy economic times. And, as new RBS chief executive Stephen Hester says...

Call for radical cut to interest rates

Employers are calling for a full percentage point cut to interest rates when the Bank of England's Monetary Policy Committee meets later this week. Steve Radley, of the Engineering Employers Federation, has urged Bank Governor...

GOGL - Interim Results for the Quarter ended September 30, 2008

Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports net income of $118.7 million and earnings per share of $0.43 for the third quarter of 2008. This compares with net income and earnings per share of $52.9...

Indonesia Bumi shares sink on Northstar deal questions

JAKARTA (Reuters) - Shares in Indonesia biggest coal miner, PT Bumi Resources Tbk , tumbled nearly 7 percent on Monday, surrendering early gains, on investor uncertainty over Bumi's ownership and its group debt.

Aberdeen Asset Mgmt targets costs

LONDON (Reuters) - Aberdeen Asset Management (ADN.L: ) on Monday said it was embarking on a fresh round of cost-cutting as annual core profit inched higher but fell below a consensus of analysts' expectations. Core profit was...

Property ladder

A bus tour of foreclosed properties Across the USA, foreclosure sales are becoming an increasingly popular way of finding a bargain. In Long Island one real estate company has set up tours of foreclosed homes to bring in the...