LONDON The world's economic crisis is far from over and many unexpected "twists and turns" will occur before it can be safely declared over, Bank of England Governor Mervyn King said on Monday.
"Whichever crisis we are talking about it is far from over. There will surely be many unexpected twists and turns before we can truly say that the crisis is indeed over"," King told an event at the London School of Economics.
(Reporting by Marc Jones, Marius Zaharia)
LONDON, Nov 29 Lending to Britons expanded last month at the fastest annual pace in 11 years and mortgage approvals were stronger than expected, bolstering the picture of resilient consumer demand after June's Brexit vote.
VIENNA Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday.
LONDON/ZURICH U.S. healthcare company Johnson & Johnson is raising its offer for Swiss biotech group Actelion in an attempt to win it over for a takeover, a source familiar with the situation said on Tuesday.