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Banks Plan New Fees for Using Debit Cards

The nation's beleaguered banking industry, which has been raising fees and doing away with free services, has a new target: debit-card users.

30 2011 | Viewed: 543 | Foreign experience | Read full
German parliament approves EFSF boost

The German parliament has voted by an overwhelming majority in favour of measures bolster the EURO 440bn eurozone rescue fund, and give it new powers to buy bonds and recapitalise weak banks, in a move that lifted financial markets and boosted the euro.

30 2011 | Viewed: 554 | Foreign experience | Read full
The Spanish Reform Model

Madrid has the right idea in cleaning up its banks now.

29 2011 | Viewed: 585 | Foreign experience | Read full
BAE Systems to cut 3,000 UK jobs

BAE Systems, the defence equipment group, will announce 3,000 job cuts in the UK this week, as the slowing pace of sales forces the group to slow down production of the Typhoon fighter aircraft.

28 2011 | Viewed: 696 | Foreign experience | Read full
P&G cuts senior management posts

Procter & Gamble, the world's biggest consumer products group by sales, has thinned the ranks of senior managers by 10-15 per cent and is considering ways to restructure further as investors press it to improve profitability.

28 2011 | Viewed: 714 | Foreign experience | Read full
Anger rises in India over redrawn poverty line

Prime minister Manmohan Singh faces a growing political storm over how to measure poverty in India amid fears that new benchmarks proposed by a powerful policymaking body could see many of the country's poor lose their welfare benefits.

28 2011 | Viewed: 719 | Foreign experience | Read full
BA buys BMI Heathrow slots

British Airways has struck a deal to buy sought-after take-off and landing slots at London's Heathrow airport from BMI, Lufthansa's loss-making UK subsidiary.

26 2011 | Viewed: 802 | Foreign experience | Read full
Chile prepares for western economic downturn

Chile, recognised as one of the best run emerging economies, is preparing contingency plans in case the eurozone defaults and the US slips back into recession.

23 2011 | Viewed: 587 | Foreign experience | Read full
Obama offers $3.6 trillion deficit plan, would up taxes

President Barack Obama laid out a $3.6 trillion plan on Monday to cut budget deficits partly by raising taxes on the rich, but Republicans rejected it as a political stunt and made clear the proposal had little chance of becoming law.

21 2011 | Viewed: 644 | Foreign experience | Read full
Google Girds for a Grilling

Google Inc. is taking no chances as its executive chairman, Eric Schmidt, prepares to face a Senate hearing Wednesday on whether the company is abusing its dominance in Internet search.

19 2011 | Viewed: 820 | Foreign experience | Read full
Press challenged on regulation

Jeremy Hunt, the culture secretary, has challenged the national newspaper industry to put its house in order by devising a regulatory system free from interference by powerful owners.

17 2011 | Viewed: 618 | Foreign experience | Read full
Britain to sue ECB over threat to City

Britain is to sue the European Central Bank for setting rules that allegedly handicap the City of London and would force one of the world's largest clearing houses to decamp operations to the euro area.

17 2011 | Viewed: 790 | Foreign experience | Read full
Central banks ease lender funding crisis

The world's main central banks have launched concerted action to tackle dollar funding problems in Europe, sending banks' share prices sharply higher across the continent.

17 2011 | Viewed: 592 | Foreign experience | Read full
UK to push through bank reforms

Britain's banks face some of the world's toughest regulations under reforms outlined on Monday, which require them to insulate their retail lending activities and store up billions in extra capital at a cost of up to 7 billion pounds ($11 billion).

13 2011 | Viewed: 673 | Foreign experience | Read full
After Gaddafi: A spent force

Behind the facade of the Libyan Investment Authority lies an opaque organisation beset by poor investment decisions.

13 2011 | Viewed: 567 | Foreign experience | Read full
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