LONDON The FTSE underperformed euro zone indexes on Monday, missing out on the benefit from a weak euro and hindered by falls in mining company BHP Billiton and Aberdeen Asset Management.
Recent Business News
LONDON The London Metal Exchange (LME) expects to boost revenue from a new service that allows members to use metal as collateral instead of cash and bonds, an executive of the exchange's clearing house said on Monday.
LONDON The U.S. Federal Reserve and European Central Bank are expected to deliver sharply contrasting policy decisions next month, reflecting how the world's two largest economies have moved from the Great Recession to the Great Divide.
VPS Healthcare said on Monday it did not intend to make an offer for Al Noor Hospitals Group , clearing the way for South Africa's Mediclinic International to buy the United Arab Emirates-based company.
ATHENS Greek banks will not need any further recapitalisation after the latest round, in which the European Central Bank put their additional capital needs at 14.4 billion euros (£10.1 billion), the ECB's Monetary Policy Strategy division head Rasmus Rueffer said.
WASHINGTON The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.