Haldane Says Crisis Shows U.K. Bank Exodus May Be No Bad Thing

Bank of England official Andrew Haldane said the departure of financial institutions from the U.K. to avoid tighter regulation may be “a price worth […]

A few glitches for electric cars

If you’re looking forward to parking a brand-new electric car in your garage soon, be prepared to spend some money getting that garage in […]

Japan Consumer Sentiment Falls First Time This Year

Japan’s household sentiment fell in November for the first time this year, a sign pay cuts threaten consumer spending in the world’s second-largest economy. […]

China Loans Growth to Spur Inflation Next Year, BNP’s Sanft Says

China’s lending growth has been “too high” in the past year and may spur inflation in 2010, said Erwin Sanft, head of China and […]

BP profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward’s restructuring plans were delivering results, with cost […]

European Manufacturing, Services Growth Accelerates

Europe’s manufacturing and services industries expanded at the fastest pace in 22 months in October as evidence mounted that the global economy is pulling […]

Swan Says Australia Stimulus Shouldn’t Be Withdrawn Prematurely

The Australian government’s plan to gradually withdraw stimulus spending that is helping the economy recover is appropriate and shouldn’t be accelerated, Treasurer Wayne Swan […]

Battle-tested IMF emerges with bigger global role

The International Monetary Fund is evolving into a “central clearing house” that will help manage the global economy, the head of the IMF’s policy-steering […]

John Paulson mulls CIT and IndyMac merger: report

Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank, the New York […]

U.S. banks report drop in 2nd-quarter trading revenue

U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in […]