General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike. GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.
Friday, 6 Nov 2009 | Source: Reuters
British Airways swung to a first-half pretax loss of 292 million pounds, as business class passenger numbers continued to tumble, dashing hopes air traffic demand was recovering from the slump caused by the downturn.
Friday, 6 Nov 2009 | Source: Reuters
Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.
Friday, 6 Nov 2009 | Source: Reuters
Four former dealers at UBS plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.
Friday, 6 Nov 2009 | Source: Reuters
G20 policymakers are agreed that it is too early to pull the plug on economic life-support packages as the global recovery is still fragile, said British finance minister Alistair Darling.
Thursday, 5 Nov 2009 | Source: Reuters
The European Central Bank kept its main refinancing rate unchanged at a record low of 1.0 percent on Thursday, as expected by economists.
Thursday, 5 Nov 2009 | Source: Reuters
The Bank of England said on Thursday it would expand its quantitative easing program by 25 billion pounds to help kick-start Britain's recession-hit economy.
Thursday, 5 Nov 2009 | Source: Reuters
Investors are braced for signs on Thursday that the European Central Bank will soon start weaning banks off cheap and abundant liquidity given that expiry dates are approaching for the central bank's crisis measures.
Thursday, 5 Nov 2009 | Source: The Associated Press
The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
Thursday, 5 Nov 2009 | Source: Reuters
BNP Paribas, the eurozone's second-biggest bank by market capitalisation, posted a surge in third quarter profits on Thursday that beat market forecasts and trumped the results of many rival banks.
Wednesday, 4 Nov 2009 | Source: CNBC.com
Confidence in the UK economy took a blow after it failed to emerge from a recession in the third quarter. But an indication from a retail bellwether that consumer demand may be picking up brought cash into consumer stock on the London stock Exchange Wednesday.
Wednesday, 4 Nov 2009 | Source: CNBC.com
The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial.
Wednesday, 4 Nov 2009 | Source: Reuters
Britain's service sector showed its strongest activity since the start of the credit crunch in October, helped by growth in new orders to a two-year high, a purchasing managers survey showed on Wednesday.
Keeping Opel is the best strategic option for General Motors given the improved economic conditions, but the automaker needs to appease German politicians' and trade unions anger over its about-face and adapt itself to German ways, European analysts said Wednesday.
Tuesday, 3 Nov 2009 | Source: Reuters
Opel's labor force has agreed to contribute 265 million euros ($390 million) in annual savings if General Motors finally sells a majority stake in its European arm to a group led by Canada's Magna.
Posts |
TOPIC : Britain
24 Jun 2009
Posted By:CNBC.comCNBC Stock Blog
Miners and train and bus company Stagecoach Group were big gainers on the London Stock Exchange in morning trading Wednesday.... Read More
4 Jun 2009
The pound traded lower on Thursday amid growing calls for British Prime Minister Gordon Brown to step down.... Read More
3 Jun 2009
With AIG not extending its jersey sponsorship deal with Manchester United, Aon Corporation, a $10 billion company who specializes in risk management, insurance and consulting, is expected to take over.... Read More
29 May 2009
Posted By:Rebecca Meehan, CNBC AnchorCNBC Guest Blog
The UK's Financial Services Authority released details of its banking stress-test methodology on Thursday... Read More
22 May 2009
Go to the beach early! If we can survive Kris upsetting Adam on American Idol while it looks like the UK will have its debt downgraded, we can cut-out early one time! The market will try to stay awake long enough Friday to get to the 4 PM close, but I don't expect much, if anything, to happen... Read More
VIDEO | TOPIC : Britain
More quantitative easing is needed to stop Britain's economy from falling off a cliff, former BoE member David Blanchflo...
EU Commission President Jose Manuel Barroso told CNBC Wednesday that after ING and Northern Rock, other European banks t...
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