Miles Shipside, commercial director at Rightmove, discusses the U.K. housing market following news that the Help to Buy scheme is to be extended until 2020.» Read More
Whatever the outcome of the accusations of rape made against Dominique Strauss Kahn at the weekend, Marine Le Pen leader of France’s Front National was almost certainly right when she said that it marks the end of his campaign — or pre campaign — for the French Presidency.
The Queen visits Ireland Tuesday in what will be the first state visit there by a UK monarch since her Grandfather, George V, visited the then UK colony in 1911, but the event is clouded by threats from Irish dissidents.
The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.
Rates can only go up when we believe the consumer can deal with them and that means when some of the pressures have started to ease.
BP is back in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30 billion or more, the Wall Street Journal reported on Sunday.
Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.
The managing director of the IMF, Dominique Strauss-Kahn, was taken off an Air France plane in New York on Saturday and arrested in the sexual attack of a maid at a Midtown Manhattan hotel, the authorities told the NY Times.
The world's biggest banks are likely to be hit by capital surcharges that increase progressively based on a lender's size, how connected it is to other banks and how easily it could be replaced in a crisis, global regulators have told the Financial Times.
UK Chancellor George Osborne told CNBC on Tuesday that Britain is an example to countries like Greece on austerity.
The debt crisis facing the developed world is big and will take a generation to resolve, Angel Gurria, Secretary General of the OECD, told CNBC Thursday.
Mervyn King, the Governor of the Bank of England, made it clear to the market on Wednesday that UK rates would have to rise at some point.
The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.
Britain's economy is unlikely to grow as fast as before the financial crisis because its most productive sectors have been hardest hit, jeopardising government plans to cut the deficit, reports the FT.
Greece on Tuesday denied a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.
As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.
European stock market futures pointed to a slightly higher open after Wall Street closed Monday slightly up on the back of commodity related news and China posted its highest trade surplus in four months in April.
Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.
European stocks pointed to a lower open on Monday as initial optimism faded off the back of US non farm payroll figures on Friday and concerns re-emerged about the European sovereign debt crisis.
Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.
European stock market futures pointed to a lower open on Friday as investors waited to see if other banks followed the example of Lloyds’ banking group as it set aside 3 billion pounds in impairment charges related to the mis-selling of payment protection insurance.