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Moody's warns UK consumers are vulnerable to BoE rate hike

LONDON British consumers are vulnerable to a hike in interest rates, ratings agency Moody's said on Thursday, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.

Recent Business News

British stocks fall as profit warnings bruise IWG, Interserve

LONDON Britain's main share index fell 0.3 percent on Thursday as a weak third-quarter update from Unilever weighed, while mid- and small-cap trading was marred by profit warnings from IWG and Interserve which slashed their market value by a third.

10:21am BST

Barrick Gold and Tanzania reach agreement, government to take stake in mines

DAR ES SALAAM Barrick Gold has agreed that Tanzania will own a 16 percent stake in three gold mines operated by Barrick's Acacia Mining Plc , the company and a government minister announced on Thursday.

12:32pm BST

Siemens plans cuts at Process Industries business - Bloomberg

FRANKFURT Siemens is planning restructuring at its Process Industries business as well as at Power & Gas, news agency Bloomberg reported on Thursday, citing sources.

12:30pm BST

China's central bank warns of 'Minsky moment' as economy powers ahead

BEIJING China's central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending. | Video

11:30am BST

Activist RBR wants Credit Suisse to float asset management unit, investment bank - presentation

ZURICH Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, according to a presentation reviewed by Reuters.

12:26pm BST
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