GO
Loading...

Britaind

More

  • GENK, Belgium/ MADRID, Oct 24- Ford Motor Co will close a Belgian factory employing more than 4,000 workers, shifting production to Spain as the U.S. automaker scrambles to cut costs and stem European losses. Ford said it would shut its Genk plant in eastern Belgium, with the loss of about 4,300 jobs by the end of 2014, transferring the work to a plant in Valencia.

  • *Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will on Monday face the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.

  • Swiss companies brace for "fat cat" pay vote Wednesday, 24 Oct 2012 | 4:52 PM ET

    *Swiss to vote on curbing executive pay on March 3. ZURICH, Oct 24- Swiss business is rallying to arms to defend top managers' pay as the government set a date on Wednesday for a referendum that may impose the world's first law forcing companies to accept any limits shareholders place on executive rewards.

  • SINGAPORE, Oct 24- UBS AG has suspended at least one trader in Singapore for possible manipulation of interbank lending rates, sources told Reuters, as the fallout from the Libor scandal widens. A spokeswoman for UBS in Singapore declined to comment on the suspensions.

  • Ky. miners to plead guilty in federal court Wednesday, 24 Oct 2012 | 4:48 PM ET

    LOUISVILLE, Ky.-- Two mining officials who worked at an eastern Kentucky underground mine where a worker was killed last year are preparing to plead guilty to federal safety violations, according to court records.

  • *Germany sells 3.3 bln euros of 10- yr bonds, demand good. Businesses in the region suffered their worst month in October since the bloc emerged from its last recession more than three years ago, surveys showed, while Germany's Ifo economic research institute said the country's business climate worsened in October.

  • WRAPUP 1-European car makers suffer day of reckoning Wednesday, 24 Oct 2012 | 4:20 PM ET

    PARIS/ GENK, Belgium, Oct 24- Car makers suffered a day of reckoning on Thursday when Ford announced Europe's third plant closure this year, Peugeot accepted state aid and even Volkswagen reported a big drop in profits.

  • News Summary: BBC scandal taints incoming NYT boss Wednesday, 24 Oct 2012 | 3:51 PM ET

    THE NEWS: The child abuse scandal that has enveloped one of Britain's most recognized news organizations is now hitting one of America's, as the incoming president of The New York Times is on the defensive about his final days as head of the BBC.

  • Barclays faces Libor claim in landmark UK court case Wednesday, 24 Oct 2012 | 3:47 PM ET

    *Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.

  • UPDATE 7-Oil falls below $108 on US crude stock build Wednesday, 24 Oct 2012 | 3:21 PM ET

    LONDON, Oct 24- Brent crude oil fell for a seventh consecutive session on Wednesday after U.S. crude stocks rose last week, offsetting earlier strength prompted by signs that Chinese demand could stage a recovery. Brent crude was down 42 cents at $107.83 a barrel by 1455 GMT and looked on track for its lowest close since early August. U.S. oil fell $1 cents to $85.67.

  • Strauss-Kahn seeks comeback via conference circuit Wednesday, 24 Oct 2012 | 3:08 PM ET

    PARIS, Oct 24- Dominique Strauss-Kahn, the former IMF chief whose French presidential ambitions were shattered by a sex scandal last year, is making a comeback in business and at conferences. The 63- year-old Strauss-Kahn was accused of trying to rape a New York hotel maid in May 2011.

  • METALS-Copper steady on China optimism, euro zone weighs Wednesday, 24 Oct 2012 | 2:51 PM ET

    LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.

  • ANALYSIS-Poland leans towards euro entry despite crisis Wednesday, 24 Oct 2012 | 2:48 PM ET

    *Warsaw wants to be at EU's decision-making core. WARSAW, Oct 24- Polish policymakers are shedding their doubts about joining the euro and starting to favour accession again because they believe the risks of being left outside the core of Europe outweigh the danger of joining a single currency still in the grip of crisis.

  • *Sugar market awaits crush update from Brazil's Unica. LONDON, Oct 24- ICE raw sugar turned higher on Wednesday, lifting off a three-week low as traders positioned themselves ahead of a report from Brazilian cane industry association Unica due later in the day.

  • *Production to be transferred to Spain. GENK, Belgium/ MADRID, Oct 24- Ford Motor Co will close a Belgian factory employing more than 4,000 workers, shifting production to Spain as the U.S. automaker scrambles to cut costs and stem European losses.

  • Basel official defends new global bank capital rules Wednesday, 24 Oct 2012 | 2:30 PM ET

    LONDON, Oct 24- A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator said.

  • LONDON, Oct 24- Brent crude oil steadied around $108 per barrel on Wednesday after a six-day losing streak as weak European data offset earlier strength prompted by signs that Chinese demand could stage a recovery. Manufacturing PMI in Germany, Europe's largest economy, fell unexpectedly, while business sentiment dropped for the sixth consecutive month.

  • GLOBAL ECONOMY-Euro woes deepen, China, US improve a bit Wednesday, 24 Oct 2012 | 2:23 PM ET

    *Economic rot taking root in Germany, France. NEW YORK/ LONDON, Oct 24- Euro zone businesses suffered another dismal month in October as factory output plunged in Germany, the area's top economy and exporter, while conditions improved slightly for U.S. and Chinese manufacturers.

  • PRECIOUS-Gold up along with stocks; eyes on Fed meeting Wednesday, 24 Oct 2012 | 2:12 PM ET

    LONDON, Oct 24- Gold rose on Wednesday along with stock markets, helped by well received data from China and an upbeat earnings report from Boeing, while dealers awaited a Federal Reserve policy statement later in the day. Spot gold was up 0.1 percent at $1,709.60 an ounce at 1309 GMT, while U.S. gold futures for December delivery were up 60 cents an ounce at $1,710.

  • Cameron says unhappy with corporate tax avoidance Wednesday, 24 Oct 2012 | 2:09 PM ET

    LONDON, Oct 24- Prime Minister David Cameron said on Wednesday he was unhappy with the level of tax avoidance by big corporations working in Britain and urged authorities to make sure all companies paid their fair share of tax.

Most Popular Video

Tuesday, 15 Apr 2014 | 6:00 PM ET

Fear and loathing. Mad Money host Jim Cramer looks at fears professional money managers face in the current market environment.

Tuesday, 15 Apr 2014 | 4:00 PM ET

CNBC's Patti Domm sits down with Lindsey Group Chief Market Analyst Peter Boockvar to discuss whether or not inflation could affect the Fed's plans.

Tuesday, 15 Apr 2014 | 3:00 PM ET

CNBC.com Senior Writer John Jannarone talks about what Coca-Cola really needs to do to sustain revenue growth.