Dorian Beresford, CEO of Strawberry Star, discusses the demand from foreign investors for property in London.» Read More
Concessions must be made to boost the economy over the long-term, UK Minister of Trade and Investment, Mervyn Davies, UK Minister of Trade and Investment, told CNBC Thursday, one day after Labor announced a budget which was widely criticized.
The members of the G20 are likely to call for at least a doubling of the International Monetary Fund's budget, if not more, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
Why should we pay attention to four-and-a-half hours of debate followed by highly choreographed photo ops and a communiqué that most of us could have cobbled together on the back of a swanky hotel envelope?
The British government has failed to make a case for a 30% sale of Royal Mail as there is no clarity around how the proceeds would be used, a parliamentary committee .
Brazil's president blamed "white people with blue eyes" for the world economic crisis and said developing countries shouldn't pay for it.
The British government was unaware of the huge pension given to the former CEO of part-nationalized Royal Bank of Scotland and the bank ignored its own standards in awarding the massive payout, a Treasury minister testified Tuesday.
Prosecutors will bring additional charges as warranted against Bernard Madoff or anyone else involved in the fraud that bilked investors of billions.
The stock market is still an unsafe place for investors as quantitative easing, by which central banks boost the supply of money attempting to kick-start economies, is unlikely to work, Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC.
We might have strayed a bit from the rulebook on a good dinner party this morning as we sat back and watched hedge fund manager Hugh Hendry of Eclectica lock horns with Liam Halligan, the chief economist at Prosperity Capital and maverick columnist for the UK’s Telegraph newspaper.
Barclays shares jumped Tuesday as Credit Suisse upgraded the stock to "outperform" from "neutral", saying there are chances the bank will use the government's asset protection scheme.
The Bank of England can control the threat of inflation generated by its radical new policy of creating money, the bank's deputy governor said in a commentary published Monday.
The unpalatable truth is that equity markets seem the purest measure of investor confidence, corporate health and economic prediction.
Negotiation remains at the very temporal core of the global financial markets and Sir Fred executed his perfect right to haggle for as much cash as he could from his paymasters when he took the helm of Royal Bank of Scotland in 2000.
The current global slowdown is hitting those in every economic category, as even the very wealthy rein in spending.
After the UK business secretary lashed out at Starbucks CEO Howard Shcultz's assessment of Britain's economy, Starbucks said it had "no intention of criticizing the economic situation in the UK" and was committed to the market.
The Bank of England revealed Wednesday that its policy makers had unanimously agreed to ask the government for the authority to create money in a bid to kick-start the economy as its ability to cut interest rates further dwindles.
Britain will fall into a deeper economic recession than previously thought, the Confederation of British Industry said on Monday, as tight credit conditions and a global downturn weigh down on companies.
Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.
Royal Bank of Scotland, now 68 percent owned by the UK government, still plans on paying out bonuses that could reach tens of million to hundreds of millions of pounds, London newspaper The Times reported Wednesday.
Today, the British pound has been unceremoniously thrown beneath the carriage and trampled (Tut Tut!) as story after story all point in the same direction, says Andrew Busch.