Marc Ostwald, strategiest at Monument Securities, discusses foreign buyers in the London housing market and says many are leveraged.» Read More
Ruben Hinojosa, (D-TX), asks Jamie Dimon whether JPMorgan's compensation structure might have created incentives for excessive risk. "When anyone blankets over a whole industry, I think we're making a mistake," says Dimon. "There might be a problem with some people on Wall Street."
British prime minister David Cameron faces the prospect of appearing for a full day at the Leveson Inquiry into press standards and ethics on Thursday, rounding off a week in which the elite of British politics will have given evidence into their dealings with the media.
Currency fluctuations, inflation and accommodation costs are taking their toll on the cost of living, according to a survey of expats by consultancy firm Mercer.
George Osborne has been warned by Tory MPs not to use the euro zone crisis as “an alibi” for Britain’s poor economic performance and to step up supply-side reforms to promote growth, the FT reports
"We think that that area, when the UK economy recovers, will become a very important center of redevelopment and job creation in that part of London, " Liew Kee Sin, CEO & President of the Malaysian company SP Setia which will redevelop the famous Battersea Power Station in London, said.
"I think the Olympics is great news for London, a number of our hotels have got guaranteed occupancy," Simon Vincent, President for Europe, Hilton Worldwide, told CNBC, adding that he anticipates a "very strong period" during the Games.
Starbucks has provoked ire among Ireland's Twitter users when it inadvertently posted a message asking followers to show them why they’re proud to be British - to its Irish Twitter account.
The outlook for the UK’s economy has steadily worsened, giving the members of the Bank of England’s Monetary Policy Committee (MPC) plenty to chew on when they meet Wednesday and Thursday.
Here are some of the major ways American travelers can avoid unintentionally offending the locals.
The UK economy will recover somewhat this year and the next, but the situation in the euro zone has big effects on it, Spencer Dale, a member of the Monetary Policy Committee and chief economist at the Bank of England, told CNBC in an interview on Wednesday.
The UK economy will recover somewhat this year and the next, but the situation in the euro zone has big effects on it, Spencer Dale, a member of the Monetary Policy Committee and chief economist at the Bank of England, told CNBC.
Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership, the FT reports.
George Osborne’s political roasting over hot pies intensified on Monday after the chancellor was forced into a £40m retreat on his proposed “pasty tax”, as the Budget showed new signs of unraveling, the FT reports.
"Virgin Atlantic's got a number of new routes this year... you can't sit still, even in difficult times, it's important to continue to expand," Sir Richard Branson, president of Virgin Atlantic, told CNBC as his company launched a new route between London and Vancouver.
On the same day official figures showed the biggest slide in retail sales figures in two years and one member of the Bank of England’s interest rate-setting committee indicated it would restart its asset purchase program if the economy weakened significantly, 10-year sovereign debt yields fell to record lows.
Outgoing Bank of England policy maker Adam Posen said on Tuesday that he could have done better with his economic forecasting during the financial and euro zone debt crises, and welcomes three reviews of the central bank’s performance that period.
London prices have risen 45 per cent over the past three years, compared to only 15 per cent in Geneva, 17 per cent in Paris and 10 per cent in New York, making London ever more expensive (and desirable) than its western peers.
The euro zone is facing its darkest hour but will emerge more competitive than in the past, the chief executive of the London Stock Exchange told CNBC on Friday, though he noted that smaller businesses are very important to Europe’s recovery.
For those who love to shop, the search for that must-have item can be as fun as owning the actual product. Here are the top 10 international shopping destinations.
The governor of the Bank of England said on Wednesday that the euro zone is “tearing itself apart without any obvious solution" as he admitted that the UK central bank, the Financial Services Authority (FSA) and the government have been discussing contingency plans to deal with the prospect of a Greek exit from the euro or a collapse in the euro zone “for some time.”