Lloyds not off hook yet after $370 million Libor fines

LONDON - Lloyds Banking Group could face further punishment after agreeing to pay fines totalling $370 million (217.80 million pounds) for its part in a global interest rate rigging scandal and for attempting to manipulate fees for a government lending scheme to help banks.

Recent Business News

China brands beat global rivals with tea toothpaste & pickled plums

SHANGHAI/HONG KONG - With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.

3:07am BST

Japan labour demand strengthens, positive sign for spending

TOKYO - The availability of jobs in Japan held at its highest in more than two decades, official data showed, while news of rising household spending suggested consumers were shrugging off April's sales tax hike.

Japan 2:12am BST

Exclusive - Goldman moves executive to new role building ETFs

NEW YORK - Goldman Sachs Group Inc has moved an executive from its trading division to its investment-management division to launch a business that will sponsor exchange-traded funds and sell them to retail clients through third parties, according to a memo and people familiar with the matter.

12:11am BST

Argentina to hold last-gasp debt talks with mediator Tuesday

BUENOS AIRES/NEW YORK - Argentina will on Tuesday meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert a second default this century, but hopes for a deal are fading fast.

12:07am BST

With PlayStation network, Sony goes back to the future in search of revival

TOKYO - Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion (£5.89 billion) lost in six years by building a future around its last consumer electronics blockbuster - the PlayStation.

Japan 28 Jul 2014
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