As housing prices continue to skyrocket in London, CNBC's Catherine Boyle sets out to find a property in the British capital with a budget of half a million dollars.» Read More
As the market speculates on whether the Federal Reserve will ease monetary policy at its meeting on Aug. 10, one analyst is predicting more losses for the dollar.
Speaking in front of the Treasury Select Committee in London, King said “I don't think we should see legislation in other countries as an opportunity to lower standards and get a bigger financial sector."
BP launched a plan to repair its battered image in the United States on Tuesday, ditching its gaffe-prone chief executive and promising to slim down by trebling an asset sale target to $30 billion.
When the founders of Ocado and their bankers priced its initial public offering Wednesday, they forgot that it's not the image-conscious shoppers doing the buying, but the hard-pressed investment community.
There are risks associated with imposing regulation on London banks without the rest of the world following suit, the head of the British Bankers Association Angela Knight told CNBC Tuesday.
As many flocked to South Africa for the excitement of the World Cup, the UK's multicultural capital was also a non-stop party for the world's biggest sporting event.
The Monetary Policy Committee is not set to raise the base rate from its current 0.5 percent level until the second quarter of 2011, according to a poll of economists conducted by Reuters last week. But is the MPC any clearer about the UK economic outlook than the rest of us?
With US/UK relations under strain because of the BP oil spill in the Gulf of Mexico, a group of Brits intends to try and give a helping hand.
Banks in Portugal, Ireland, Greece and Spain account for over two-thirds of the euro area liquidity injections since the middle of 2008, according to new research from RBS Marketplace.
The euro is a very credible currency that has kept its value from its debut and has guaranteed price stability, he said. "A currency that guarantees such stable prices, it's of value in the eyes of domestic and international investors," Trichet said.
The question for the coalition government and the country is whether this moment of courage will go down in history as the moment Britain got back on track or the moment when it fell into a double-dip recession.
Tighter regulation and fewer alternative trading venues make it less likely that a "flash crash" would be repeated in Europe, stock exchange officials and traders told CNBC.com. But other market experts expressed concerns that Europe is just as exposed to such events.
US banks will foot a total bill of about $2 billion in their second-quarter results to pay for the UK tax on bankers’ bonuses — a charge that could significantly reduce earnings at financial groups such as Citigroup , JPMorgan Chase and Bank of America, reports the FT.
Britain’s new prime minister, David Cameron, will have to contend with the demands of his own Conservative Party as well as those of his Liberal Democratic partners, the New York Times reports.
The UK election just got a lot more interesting in a big negative way for the British pound.
The pound is not yet significantly reacting to the coalition talks, but this may change if negotiations go on long enough.
Almost a fifth of voters switched allegiances as a result of the televised leaders' debates, according to a poll. That could set up the UK for a hung parliament.
With government deficits in Britain second in Europe only to those in Greece, whoever wins Thursday’s general election will be forced to make deep and unpopular cuts, the New York Times reports.
Prudential shareholders may grudgingly acknowledge that the pursuit of exciting new opportunities in Asia is the right long term strategy. But in the short term they need convincing the big price tag for AIA and the delayed rights issue are the correct way of achieving that.
Simon Cowell, the man who made millions from being the front man of American Idol and the X-Factor, has intervened in the UK election race just 24 hours before Britain goes to the polls.